New Britain Herald Newspaper, March 2, 1922, Page 10

PUTNAM & CO. Member New York Stock Lxchange Successor to Richter & ©o, 31 WEST MAIN STREET, NEW BRITAIN, CONN. STANLEY R. EDDY, Mgr. TEL. 2040 We Offer— B Shares American Hardware B0 Shares Landers, Frary & Clark H. L. JUDD F. G. JUDD 'W. T. SLOPER JUDD & CO. 23 WEST MAIN STREET, NEW BRITAIN, CONNECTICUT Investments, Local Stocks Telephone 1815—1816 We Offer: NORTH & JUDD To Yield Over 7%. omzon, Tfenn & To. NEW BRITAIN HARTFORD New Britain National Bank Bldg. . 10 Central Row Telephone 2580 Telephone Charter £000 DONALD R. HART, Manager Mcriber Hartford Siock Member N. Y. Stock Exchange Exchange. We Offer: Torrington Co., Common TO YIELD ABOUT 8%. We Do Not Accept Margin Accounts JOHN P. KEOGH Mel.nhcr Consolidated Stock Exchange of New York Waterbury STOCKS Bridgeport Danbury ; New Haven Middletown BONDS Springfield Direct Private Wire to New York and Boston G. F: GROFF, Mgr.—Rgom 509, N. B. Nat'l Bank Bldg.—Tel. 1012 CONSTANT ADHERENCE to safe banking principles and prudent ‘methods enable the New Britain Na- tional Bank to furnish reliable service to those seeking a new or additional banking connection. New BriTAIN NATIONAL BANK . The Hartford-Connecticut Trust Company Corner Main and Pearl Streets, Hartford, Conn. ; Capital $2,000,000.00. Surplus Funds $2,000,000.00 Safe Deposit Boxes, $5.00 and upwards. Settlement of Estates. Foreign Exchange to all parts of the world. . LETTERS OF CREDIT — GENERAL BANKING Bank by mail. It is safe and saves time. MONEY Deposited In Our avings Department Up Ta And Including March 3rd Draws Interest From The | foreign oils eased "|Am Hardware by | Seeiaard # |Stanley NEW BRITAIN DALY HERALD, Financial News Wall street, 1:30—~Representative railroad shares began to reflect the persistent buying in other quarters in the afternoon Upson Pacific rising 1% and New York Central 1% points. Equipments, Motors and Oils forged steadily ahead, and there was an ex- panded demand for many of the us- ually inactive low priced rallroad is- sues, 10:30 a, m.—~A few speolal or se- lected issues were substantially higher at the opening of today's stock mar- ket, but leaders reflected further sell- ing pressure, based in part on the trend of tax legislation at Washing- ton. Chandler Motor rose 1 and General American Tank and Hartman averaged one point advances, but secondavy steels, equipments and fractionally to 113 points, with tobaccos and motion pic- ture shares. Early quotations for the principal foreign exchanges were lower. High HYE 1% AR 110 471 Low 37 07 Close 37% 41 % Am Am Am Am Am Am | Am Bt Sugar .. Can Coton Oil Loco Bt 3 Ref .. Su Ref com suma Tob Tel & Tel . Am Tob Am Wool Ana Cop ... Atch Top & 8 At Gulf & W1 . Baldwin Loco . Balt & Ohio .. 37% Beth Steel B .. 64% Can Pacific ....136% Cen Leather Co 341% Ches & Ohio ... 603 Chi Mil & St P 23% |Chi Rock Isl & P 40% |Chile Copper 16% Con Gas ....... 97% Corn Prod Ref 1027% Crucible Steel 57% Cuba Cane Sug. 10l Endicott-John Erie caen Erie st pfd Gen Elec .. Gen Motors .... 8% Goodrick (BF) . 377 Great North ufd 751 Inspir Cop . 387% Interbor Con 2% Inter Con pfd... 7 Int Mer Mar pfd 71% Allis-Chalms ... 46 Pacifis Oil 49 National Lead .. 87 Int Nickel . 12% Int Paper . 481 Kelly Spring Tire 417% Kennecott Cop.. 28% Lehigh Valley .. 597% Mex Petroleum 1243% Midvale Steel .. 3014 Missouri Pacific 23 % N Y Central 9% NYNH& H1T% Norfolk & West 99% North Pacific .. T9% Pure Oil 34% Pan Am P & 561 Pen R R 3514 Pierce Arrow ... 14% Ray Con Cop .., 14 Reading . 4% Rep I & S . 48% Royal D, N. Y 531 Sinclair Oil Ref . 23 South Pac South Rail Studebaker Co Texas Co Texas & Pac . Tob Prod Transconl. Oil Union Pacific .. United Fruit .. 141% United Re St 44% U 8§ Food Prod i v Indus Alco 443 J Rubber Co 58% U § Steel 95 U S Steel pfd .. 116 Utah Cop ...... 63 Willys Over 59 25% 10714 1024 55% 1014 801% 10% 17% 153% 47% 52% 22% 84 205 98% 455 318 57% 8% 130% 141 439 3% 431 5714 93% 1153 62% 5% 9% 132% 3% 44 58% 95 116 62 % 5% (Putnam & Co.) Bid 160 120 .154 22 17 23 55 . 51 41 41 26 Asked 163 123 156 23% 20 50 57 53 10 43 Hartford Elec Light . Southern N E Tel Billings & Spencer com Bristol Brass .. Colt's Arms .. Bagle Lock |Landers, F .. [N B Machine Nies-Le-rond com North and Judd | Peck, Stow & Wilcox . | Rusanll Mfg Co . Scovill Mfg Co Traut & Hine . Union Mfg Co Works NEW YORK CLEARI HOUSE_REPORT. Exchanges . v . 818,700,000 Balances 80,400{000 Y. W. H. A, There will be an important meet- ing of the Y. W. H. A. tonight when reports of the district meeting of New England, held at Bridgeport last Sun- day, will be given. Plans are being prepared by Miss Mae Swansky for the coming minstrel show and all who wish to take part in it may make ar- rangements tonight. TALK ON INSANITY “arious types of insanity and their causes and treatment will be explain- ed to the members ot the South Church Brotherhood next Tuesday evening. The brotherhood meets at the usual time for supper. An ad- dress by Dr. Floyd C. Haviland, su- perintendent of the Middletown hos- pital will follow. Next month Gover- nor Everett J. Lake will be present to speak. CONDITIONS GOOD [F MINERS STRIKE Country Will Have a 40 Day, Supply of Coal on Hand Chicago, March 2.—(By the Associ- ated Press,)—There will be no imme- diate suffering if coal operators and miners fail to reach an agreement and a strike is called April 1 by the United Mines Workers of America, according to figures compiled by the United States Geological Survey and Bureau of Census, The survey, as of January 1, 1922, showed 41 days supply of bituminous coal on hand. Production has slight- ly exceeded consumption since Jan- uary 1, according to operators' fig- ures and they indicate the country will have something more than a forty day supply by April 1. January Supply. The government figures show the distribution to the principal indus- tries and dealers. Artificial gas plants had the biggest supply of all Janu- ary 1, with enough fuel on hand to keep them running 80 days. Retail dealers were at the foot of the list with a 33 day supply. The other principal soft coal users were sup- plied as follows: By-product coke plants, 42 days. Steel plants, 48 days Other industrials, 51 days. Electric industrials, 51 days. Railroads, 35 days. The government report estimated the total available supply at 47,500,- 000 tons. No figures are available on the available supply of anthracite, but the government report says it in- creased after Nov. 1, 1021, when storage yards held 1,768,000 tons of domestic sizes and 2,719,000 tons of steam sizes. Supply Could Be Spread. While the soft coal held by retail dealers January 1, was figured at 33 days supply, the figures were based on the rate of consumption at the time the stock was taken, in the middle of winter. Coal dealers point out that if a strike is called it will come at the opening of the spring and summer seasons, when dealers’ sales for domestic consumption are practically negligible, and hence the supply could be spread over a much longer period. They also cajl attention to the fact that in the last coal strike, in 1919, 28.4 per cent of the country's mines, representing the non-union fields, con- tinued production. Under normal conditions the non-union fields can produce from 3,500,000 to 4,000,000 tons a week, operating at maximum capacity, operators say, and this sup- ply also would be available in event the union fields strike. UKRAINIAN WRITER BURIED WITH HONOR Korolenko Was a Great Man Among the Russian Peaple Moscow, March .—Vladimir Koro- lenko, Ukrainian novelist and social worker, who recently died at Poltava, was buried with all the honors of the Bolshevist state which has also en- dowed his family for life. This in spite of his firm repudiation of the Bolshevist regime and his insistent re- fusal to support the Communist pro- gram as a means of effecting reforms for which Korolenko suffered exile and had battled throughout his life. Even the radical Communists who made up the membership of the re- cent All-Russian Soviet Congress at Moscow honored the memory of Kor- olenko by standing in silence for three minutes when the news of his death was received. Korolenko was known throughout the world for his stories of Siberian life and his struggle for social better- ment. In the terrible famine of 1891, he was one of the most prominent re- lief workers among the distressed in the Volga area, and his book entitled “A Year of Famine,” describes the horrors of that period. The name of Korolenko was for a gencration to the Russians the symbol of nobleness and embodiment of jus- tice. He was called the “conscience of Russia." Jewry is greaty indebted to him for his protest against the Beiliss trial, alleged to have been instigated by the Czar's government to expose Jews to fresh pogroms, and no less memorable was Korolenko's defense in the Mul- ton trial where a whole community was falsely accused of cannibalism. e SETTLED OUT OF COURT A settlement out of court has been made in the suit of John Carbo vs. F. M. Hall, the latter having accepted the former's offer. Papers will be passed next week. Judge G. W. Klett and Lawyer E. L. Walling represented Hall, and B. M. Holden appeared for Carbo. MRS. FRADY DIES. Miami, Florida, March 2.—Mrs. Ed- gar C. Frady of Chicago, who was shot here Sunday by her husband, who later attempted suicide, died to- day. Savings Bank of New Britain 178 Main Street Assets $12,827,502.94 By depositing here you become one of the owners of these assets. 41/2% Interest is heing paid .to Depositors. Has a record of Sixty years’ faithful care of the Savings of the People THURSDAY, MARCH 2, 1922. . City Items March Victor Records at Morans.— adwt, George . Leghorn, son of Mr, and Mrs, Michael P, Leghorn, of Stanley street, has completed his course at the Catholic University at Washing- ton, D. €, and has arrived at his home in this city. He will receive his diploma in June, Meet me al Schmarr's for dinner, —advt. We have our own show at our show rooms. Lash Motor Co., Inc.— advt, The Friendly club will hold a spe- cial meeting tonight at the Foresters' hall at 8 o'clock. Late Victor records. ¢, L. Pierce.— advt, The German Baptist church, South and Tirst Congregational, People's, Methodist, Elim Swedish Baptist, First Baptist, Emmanuel Gospel and Second Advent churches will hold thelr usual Thursday evening prayer meetings tonight. DETROIT OFFICIALS ARE INVESTIGATING Learn How Pupils Fare Alter Leaving Schools Detroit, Mich., Mar. 2.—Officiats of the public school system here have set themselves the task of learning how each person attending the schools fares after he leaves the institution An exhaustive siurvey, requiring years to carry it out, is to be undertaken at once in the hope that any defects that may be incorporated in the school system here may be discovered in this way and remedied. The study of each student in the schools will begin on the day the pu- pil quits the institution. His mar- riage, the births of his children, his occupation, salary, standing in the community and whether he ever is arrested, all will become known to the school officials and card indexed. The successful persons in life will be separated from the failures and a closer study made of those who fail in the effort to learn if the shortcom- ings are due, either directly or indi- rectly to the local school system. Arthur E. Lederle, head of the at- tendance division of the local schools and president of the National league of compulsory education ffiocials, is sponsoring the experiment, said to be the first of its kind ever undertaken anywhere. Several years will be re- quired, it is believed, to complete the survey. City government departments have agreed to keep the school officials supplied with information about the persons under investigation. DEATHS AND FUNERALS Benjamin Dowjat. The funeral of Benjamin Dowjat of 402 Elm street, who died suddenly Tuesday night, will be held at 7:30 o’clock tomorrow morning at the All- Saints chyrch on Wilcox street. The burial will be in St. Mary's new cem- etery. Mrs. Anna H. Spaulding. The funeral of Mrs. Anna Hart Spaulding was held this afternoon at 2 o'clock from the late home at 141 Lincoln street. Rev. Dr. G. W. C. Hill, pastor of the South Congrega- tional church, officiated and burial was in Fairview cemetery. The pall- bearers were: Frank Warner, Grant Wickwire, Edwin Starr and Charles Vibberts. Alfredo Liogrande The funeral of Alfredo Liogrande, 1 year old son of Mr. and Mrs. John Liogrande of ,Whiting street, Plain- ville, was held from his home this afternoon at 2 o'clock. Burial was in the Catholic cemetery. Laraia and Sagarino, undertakers, of this city were in charge of arrangements. Mrs. John Krakauskas Mrs. Eva Krakauskas, aged 36 vears, wife of John Krakauskas of 413 High street, died this morning after a short illness of pneumonia. Besides her husband she leaves sev- eral children. The funeral will be held at 8 o'clock Saturday morning at St. Andrew's Lithuanian church. The burial will be in St. Mary's new cemetery. GASH FEATURE OF BONUS 18 CUT OUT (Continued ¥rom Page Seven) October 1, 1925, the banks could make demand upon the treasury for the amount due by the service men plus interest, which would be made the legal rate in the law. Defore obtaining any money from the treasury the banks would have to submit affidavits that they had not charged more than the legal rate of interest. Where a greater charge was made penalties would be provided. It was explained that the $50 cash payment was retained in the bill be- cause the men entitled to only this amount, undoubtedly, would prefer the cash to twenty year certificates. ARMY POST BAROMETERS Washington, March 2.—Army posts are “barometers of the social life of communities” near which they lie and inspection of more than two score western posts show that “the morale of officers and soldiers is improving steadily.” Col. John T. Axton, chief of chaplains of the army reported to- day on his return to Washington from an inspection trip. HEADS NICKEL CO. New York, March Charles R. Hayden today was elected Chairman of the Board of the International Nickel company to succeed the late E. C. Converse. Robert K. Stanley, vice president and general manager, was chosen president to succeed W. A. Bostwick, who died recently. g it Elizabeth of England st watch. Queen used to wear a W JOWA UNIVERSITY PLANS GELEBRATION 85th of This Month Towa Jubllee City, Mar, ‘.—A Diamond celebration at the University of lowa on Kebruary 25 will com- memorate the seventy-fifth anniver- sary of its establishment with an all- day program depicting the progress made by the institution during three- quarters of a century. A monster mass meeting will be held in the morning, taking the form of an historical review. There also will be a distinetive and historically impressive pageant writ- ten for the occasion. The University of lowa was found- ed February 25, 1847, by an act of the first general assembly of the state legislature, which approved the estab- lishing and locating of the institution. First instruction was given in 1855, but the university did not begin its true functioning until 1857 when the state capital was moved from lowa City to Des Moines. Amos Dean of the Albany Law school was its first president, The attendance this year will surpass the *6,100 mark and the Fresh eggs, 41c doz. Russell Bros. —advt. STEA_ME_RE TROUBLE Norwegian Freighter, Grontoft, in Trouble Off Cape Race--Was Bound From New Orleans, Boston, Mass.,, March 2.—The Nor- wegian freight steamer Grontoft, was reported sinking, about five hundred miles southeast of Cape Race, in ra- dio messages received here today. Her life boats had been smashed, the steamer West Kebar reported. The steamer Estonia was proceeding to her assistance. The Grontoft was bound from New Orleans-to Esbjerg. OPEN OFFICES TODAY. The real estate and insurance of- fices of Albert A. Greenberg and H. E. Christenson in Booth's block on Main street, were opened today. The company will do business under the name of the Universal Realty com- pany =X R Y MOOSE ELECTION All members of the Loyal Order of Moose are requested to be present at the election of officers which will be held tomorrow evening, March 3rd. A spirited contest is expected., All coupons must be turned in Saturday evening. STEEGE—ENGLEBRECHT Miss Hulda Steege, daughter of Mrs. Theodore Steege bf this city, was married today in Tacoma, Washing- ton, to Harold H. Englebrecht of Puyallup, Washington. city meeting board at its meeting on below. Change 18% mills to 173 Change 2% mills to 2% mills 1st (1st Dist.) Total...esvevsvs... (2nd Dist.) Change Teaching Day Schools Tuition Janitors’ Salaries Medical Inspection and Nurses Supt. of Schools Attendance Bureau Clerks Evening Schools Total ...... . Change Street Dept. Chang8 Regular Payroll Chairman and Clerk Total Change Payrolls Chairman and Clerk's Salary Total 1st District 2nd District Under Board of Change Office Salaries Town Home Salaries Total .. (C‘hange Salaries Total . cea Under Change 1st Dist. 2nd Dist. » To Dist. $ 715,642,00 122,000,00 911.00 000,00 152,00 25.00 50,000.00 Change Cons. School Street Dept. Police Dept. Fire Dept. Charities Dept. Health Dept. Salaries Diamond Anniversary Is Set for | mills 2nd Dist.. Under Fire Dept. Estimated Fire THE HERALD “WANT ADS” Alphabetically Arranged For Quick anl Ready Reference, » LINE RATES T'OR ¢ CONSBECUTIVE INSERTIONS Charge Propald lze 10 09 line line line line line 36 lino $1.80 $1,50 lates Upon A[’\\'\“HI“OILR 50 Yeaily Count 6 word, to a line, 14 lines to r1. Inch. Minimum Rpace, 3 Lines. Mimmum Hook Charge, 35 Cents. No Ad. Aceeptod After 1 Classifiad Page on Same Day. Adw Accepted Over tho Telephone For Convenlence of Customers. Cail 925 And Ask For a 'Want Ad" Operator, — ! — = J 'ANNOUNCEMENTS Florists 3 P. M. For and flowers for all oc- caslons iversaries, parties, banquets, weddings, funerals, ete, Call “Flower Phone’™ 1116, Prompt attention. Volz Ploral (o, 90 West Main §t. FLORAL D FLOWERS make happiness contaglous, Send flowers. Carnations, daffodils, sweet peas, snapdragong, viclets, potted plants, ferns, primroses, hyacinths, cinerarias. Viets' Greenhouses. Phone 2624, all occa- weddings, ower Shop, 8AY 17 slons, Lirthdays, funerais. 89 “West Main St WITH FLOWERS for wreathe, cut picces, ete., Welcl's Phon 200,000 SLASH IN SUBSTITUTE BUDGET Figures Proposed Would Give Reduction of Ong Mill An amendment to the budget pre- pared by the board of finance and taxation by which it is proposed to reduce the tax rate one mill by cut- ting salaries 10 per cent, was offered today by Councilman Howard S. Hart. The first ward councilman waged a fight for such a reduction when the matter was before the salary commit- tee and again at two sessions of the common council. Having been un- queccessful in all three attempts, he appealed to the members of the city meeting board to support him in an amendment which he stated he was preparing. The tax is apportioned with 17% mills in the first taxing district and 2 1-4 mills in the second taxing dis- trict, as against 18 1-2 and 2 1-2 in the respective taxing districts. The total expenditures under the anfended budget are $1,955,665, as against $2,051,245. —_— —PALACE — Starting Sunday “FOOL’S PARADISE” Keith Vaudeville City Advertisement CLERK'S OFFICE, CITY OF NEW BRITAIN, MARCH 2, 1922, The following amendments to the city budget to be brought before the March 7, 1 have been presented to me with the proper signatures and the same are hereby advertised as shown Under Estimated Income Dist. $1,695,858.00 193,228.00 ,725,7568.00 236,778.00 from $1,663,289.32 from 214,698.00 d from from 1,793,189.32 258,248.00 Under Consolidated School District to to to to to to to to $493,542.00 50,000.00 28,360.00 5,000.00 5,400.00 4,950.00 7,200.00 8,100.00 from from from from from from from from $548,380.00 54,200.00 31,600.00 5,500.00 6,000.00 5,500.00 8,300.00 ‘9,000,00 $715,642.00 from $781,480.00 Under Board Of Public Works to $122,000.00 from $123,200.00 Under Police Dept. to to 99,646.00 585.00 from from 110,717.00 650.00 to $122,911.00 from $134,047.00 to to 103,656.00 909.00 from from 112,000.00 1,000.00 $123,256.00 from $131,700.00 ¥.xpense to $ 50,000.00 to 73,2566.00 Public Charitics to $ 7,261.00 to 4,302.00 from from $ 64,000.00 67,700.00 8,068.00 4,780.00 $ 94,437.00 from § from $ 93,152.00 to from Under Health Dept. from § 15,250.00 $ 27,450.00 to $ 13,725.00 to from Salarics to to $ 25,925.00 from from $ £5,555.00 5,965.00 $ 50,000,00 5,365.00 Under Recapitulation and Appropriations From To From $ 781,480.00 123,200.00 134,047.00 £4,000,00 04,437.00 27,450.00 56,5565.00 68, 67,700.00 5,368.00 5,965.00 $1,697,675.00 To Total Grand Total Change Salaries As indicated in the above estimat ending March 31, 1923, July 1, 1922, v $1,955,665.00 Under Water Commissioner’s Report your petitioners respectfully honorable body lay a tax of 17% mills on the dollar on the ratable estate of {he first taxing district and an additional tax of 2% mills on the dollar on the ratable estate of the sm‘nng taxing district, both to be made payable $1,703,214.00 $257,990.00 258,031.00 From $2,051,245.00 from § 8,800.00 from $168,150.00 to $ 7,920.00 es of income and expense for the year recommend that your 1 hereby certify that this is a correct copy of the petition presented to me for a change in the budget for the year 1922 and 1923. (signed) ALFRED L. THOMPSON . City Clerk,