New Britain Herald Newspaper, April 4, 1922, Page 13

Financial News Wall street, 10:30 a, m.—Trading at the opening of today's stock market gave promise of another very active and strong sesslon! New high records for the year were made by prominent steels, motors and equip- ments. Studebaker, yesterday's out. standing feature made an initial gain of 1 1-2 points and Plerce Arrow common and pfd, were better by half to one point. Vanadium led the in- dependent steels, rising two points. Mexican and California petroleums continued to feature the ofl division with Houston and Royal Dutch. American Sugar, Beet Sugar, Ameri- can Ice, American Tobacco and Amer- fean Writing Paper pfd. embraced the other strong shares. Ralls as a group were dull at nominal changes, Noon—Dealings during the morn- ing were in excess of 600,000 shares, the largest total for the first two hours in several years. Selling for profits caused reactions of one to two points in Studebaker, Vanadium, Gulf States Steel, Famous Players and Canadian Pacific, U, 8. Steel reacted a point from its new high of 98 1-8, Call money opened at 4 1-2 per cent Tiberty first 4 1-2's made a rapld rise touching 100. 1:30 p. m.—Bull operators finding , they were getting a considerable sup- ply of the usual leaders turned their attention to other i{ssues. Relatively inactive shares were bid up sharply. Indication of an increased public de- mand was furnished by the extensive array of shares dealt in. High Am Bt Sug ... 2% Am . 487 Am Cr & Fdy..156 Low Close 41 4114 AT% 47% 154 154 26% 25% 110 110 535 535 T13% 2% 321 32% 12115 121% 139% 140 88 88% 51 51% 974 97% 31y 32y 1117% 1117% 4114 4134 73% T4% 137 137 37% 31% 6215 63 23% 23% 40% 401 17% 17% 2T% 27% 108% 108% 1041 104% 58% 58% 155 16 8314 831 113 11% 19% 19% 158 158% 11% 113 39% 391 Tel & Tel'..121% Am Tob ... <1415 Am Wool .... 89% na Cop .. . 82 Atch Tp & S F.. 97% At Gulf & W I 33 Baldwin Loco . 114% Baltimore & O . 42% Beth Steel B ... 75% Canada Pacific . 137% Cen Leath Co . 38 Ches & Ohio .. 63 Chi Mil & St P . 245 Chi Rock Isl & P 41 Chile Copper .. 17% Chino Copper .. 27% Con Gas ...... 109 Corn Pro Re . 1056% Crucible Steel . 60% Cuba. Cane Sugar 163; Endicott-John .. 83% Brieto oo iee12% Erie 1st pfd ... 19% Gen Electric ...1391 Gen Motors . 11% Goodrick BF ... 403 Gt North pfd .. 72% 1% 72 Insp Copper ... 403% 4015 4014 Inter Con ...... 3% 3 3 Inter Con pfd .. 8§ T4 1% Int Mer Marine . 17% 173% 17% Int Mer Mar pfd 75 12% 3% Pacific Ol .. 55 b4 54 Int Nickel 16%" 16% 16%. Int Paper ...... 47% 4614 4615 Kelly Spring T'r 45% 461 461 Kennecott «Cop.. 30% 29% Lack S8teel ..... 52% 503 Lehigh Val .... 60% 5915 Mex Petral ....126% 121% Midvale tSeel .. 34% 333 Missouri Pac .. 23% 223 N Y Cen ...... 87% 868 NYNH&H.. 20% 20 Norf & West 1023% North Pac . 75 Pure Oil 31% Pan Am P & T 56 Penn R R ..... 407 Pierce Arrow .. Pittsburgh Coal Ray Con Cop .. Reading . Rep Il &8 .. Royal D, N Y Sinclair Oil Ref South Pacific South Railway . Studebaker Co .119% Texas Co Texas & Pacific 32% Tobacco Prod . 63% Trans Oil . 10 Union Pacific ..134% United Fruit ..148 United Retail St 46 U 8§ Food Prod 5% U 8§ Indus Alco 467% U S Rubber Co 633 U 8§ Steel 9815 U S Steel pfd ..1177% Utah Copper .. 647 ‘Willys Overland 87% National Lead.. 913 14% 4% 531 565 zsss 863 2:‘,3 114% 44% 32Y% 625 915 1337% 14315 45% 5% 4435 61% 963% 117% 64 854 90 (Judd & Co.) Bid evepencesesbTE ..517 ..343 Asked 585 623 348 228 158 Aetna Life Travelers ... Hfd Fire Ins ... ¥fd Fire Rights ..226 Am Hardware ...156 Billings & Spencer com Billings & Spencer prd Bristol Brass . Colt's Pat Fire Arm Eagle Leek ... Landers, F & C . 52% N B Machine pfd ..... 40 N B Machine com ... 4 Niles-Be-Pond com 50 Niles-Be-Pond pfd . 2 North znd Jjudd .... 44 Peck, Stow and Wilcox 28 Russell Mfg Co 91 Stanley Works com . 45% Stanley Works Pfd . 271 Torrington Com ..... 6214 Union Mfg Co ........ 87 23 13 24% 53 45 30 95 46 231 c4 40 NEW YORK CLEABRING HOUSE REPORT Exchanges 943,300,000 Balances 94,400,000 M. E. MONTHLY MEETINGS. The monthly meeting of the Wom- en's Foreign Missionary society of the Methodist church was held at the home of Mrs. T. H. Camp, 67 Rus- sell strcet, last evening. The Queen Xsther Circle held its monthly meet- ing at the home of Miss Irene Colley, k5 Grand street, last evening. The monthly meeting of the Junior Aid society will be held this cvening. The monthly church supper will be held tomorrow night. — PALACE — Next Saturaay Matinee Special attraction for Children -~and— FREE SOUVENIR Given to Fach Child Attending MINERS DISCUSS REPORTED OFFER Anthracite Workers' Committee Megts Tomorrow New York, April §.—The anthra- cite miners general policies commit- tee will meet here tomorrow to act on the reported offer of several in-| dependent producers to grant the strikers 10 wage demands immediate- ly if they will return to their jobs. Acceptance of these offers, halled by the union men as “the first break in the ranks of the operators’” may result in the negotlation of separate contracts and the reopening of the mines affected according to district presidents of the United Mine Work- ers international. Some of the 40 delegates of the three district unions composing the policies committee arrived here today. One Mine Working. C. J. Golden, president of District Number 9 at Shamokin, said that at least one anthracite mine in the United States is operating regardless of the strike. It is the mine of the Philadelphia and Reading Coal Co. at Locust Gap, Pa, where for three months thirty men have been digging frantically in search of a miner, Stanley Zuliski, who disappeared under an avalanche of hard coal early last January. Knowledge of this violation of the suspension order became general when Mr. Golden before the wage negotiations committee asked the joint consent of miners and operators to continue the rescue work while the strike is in progress. W. J. Rich- ards, president of the campany which controls the mine =said he would make the necessary arrangements with his superintendents, According to Mr. Golden, Zuliski was working a shaft with a man named Barrett, when the walls of the shaft collapsed. Barrett said his part- ner was buried beneath the tons of coal when the opening became ob- structed. i Under 900 Tons Nine hundred tons of coal have been removed from the scene of the collapse in the effort to uncover Zuliski’'s body, Mr. Golden said. It the workers go on, he said, shipments of coal removed in the rescue work would continue at the rate of about 20 tons a day. Union leaders here today elaborat- ed on the union mine workers' pro- gram for nationalization of the coal industry as it was broached before the house labor committee yesterday by John L. Lewis, president of the Inter- national union. Bill to Fipd Facts The first step according Golden who is a member of the union’s committee which is drafting the nationalization legislative pro- gram, will be the introduction in con- gress of a bill providing for appoint- ment of a government ‘fact finding" committee. This body, he said, would be charged with making a thorough investigation of mine developments, alleged waste, profits, working condi- tions, wages and markets. to Mr. Seek Work Elsewhere Wilkes-Barre, Pa.,, April 4.—The fourth day of the suspension of oper- ations in the anthracite coal fields of Pennsylvania found many of the one hundred and fifty. five thousand idle mine workers seking employment in other local industries. Others were preparing to leave the district, some for their old homes in foreign coun- trles. Large numbers already have left and ‘each departing train carries its quota. Many withdrew their sav- ings from the banks and said they did not expect to return. All is Quiet Except for maintenance forces exempted under the suspension order, mines in the three hard coal districts were deserted. None of the collieries made an attempt to operate and everywhere quiet prevailed. Reports from all sections said the idle men were obeying the injunction of their union leaders to remain away from the mine yards as one means of avoid- ing trouble. At Scotch Valley, near Bloomsburg, where it was said the Beaver Valley Coal Co. would attempt to operate, no move was made to work. Most of the rallroads piercing the coal region are cutting down their forces as a result of the tieup. Hun- dreds of coal train crews have been laid off and a large number of clerks and repair men will be affected if the suspension is long continued. The Erie shops at Susquehanna and Dun- more have been temporarily closed. WILL SELL STORES Plainville Merchant Unable To Settle ‘With Creditors. ReYeree ‘E. M. bankruptcy court at Hartford this morning, named James Palmieri of this city to dispose of the stock and fixtures in Thomas Bandalick's Plain- ville and Bristol stores, to satisfy the accounts of creditors. Bandalick recently filed a petttion in bankruptcy and made an offer to his creditors of 28 per cent. to be pgid in notes. He was unable to ralse sufficient funds to pay the pre- ferred creditors and the action in or- dering the sale followed. Lawyer D. L. Nair represented the storekeeper. Yeomans in the URBAN-GRECH NUPTIALS. Charles Urban of Greenwood street was married in New York last week to Miss Rose Grech of that city. Mr. and Mrs. Urban will make their home at 52 Greenwood street following a honeymoon in New York. Mr. Urban is employed at the P. and F. Corbin factory. APPELL HEADS BIBLE CLASS. William Appell of Stanley street was elected chairman of the Bible class of the Swedish Bethany church at the meeting held last evening. To- night the thirty-eighth commemora- tion exercises of the dedication of the church will take place with a pro- gram arranged by the pastor, Rev. Gustave E. Pihl. Nitrogen gas used in must Le abeolutely pure. light bulbs ® NEW BRITAIN DAILY HERALD TUESDAY, APRIL 4, 1922, Clty ltems‘ The New Britaln Poultry assocla- tlon will meet tonight in Junior Me- chanies' hall at 8 o'clock. A special meeting for the visitors of the Women's soclety of the First Congregational church will be held tomorrow afternoon at 3:15 o'eclock. The Goodell elub will meet this evening at the Y. M, C. A, | The monthly meetings of the Wom- en's Ald soclety of the First Baptist church will be held at 8 o'clock to- morrow afternoon, Members of Sir Francis Drake lodge, Sons of St. George,” will jour. ney to Middletown tomorrow evening where they will visit Freestone lodge of that town. All members who de- sire to attend will meet at the South church at 7 o'clock. Twin daughters were born this morning at the Néw Britain general hospital to Mr. and Mrs. Joseph Johnson of 77 Glen street. DEATHS AND FUNERALS John Yevchuk The funeral of John Yevchuk, age 41, of New Haven, formerly of this city, was held this morning at 9 o'clock from the Holy Trinity Greek Catholic church, and interment was in the Holy Trinity cemetery. His former home was at 113 Hartford avenue, New Britain. He is survived by bis wife, two daughters, the Misses Anna and Mary Yevchuk, and one son, John Yevchuk. He leaves also a brother in this city, Thomas W. Riley The funeral of Thomas W. Riley will be held at 9 o'clock tomorrow morning at St. Joseph's church. The burial will be in St. Mary's new ceme- tery. The J. M. Curtin company is arranging the funeral details. LASKER ASKS ACTION ON THE SHIP BILL Head of Board Wants Government to Kct ‘Washington, April 4.—Prompt ac- tion on the administration ship sub- sidy bill was urged today by Chair- man Lasker of the shipping board at the opening session of the joint con- gress hearings on the measure. Delay may be fatal he said and added that the board would view with alarm inaction by this congress on the legislation which the president has advocated in behalf of the Am- erican merchant marine. Contending that the question of government aid to shipping including subsidies is an all-American one the chairman said the problem should be dealt with by congress in a non-parti- san manner. Mr. Lasker sought the support of the farming interests declaring that no one has a greater interest in an established American merchant mar- ine than the farmer. SEES NO FIGHT ON HOUSE NAVAL BILL Appropriation for Enlisted Personnel of 67,000 Expected to Pass ‘Without Change? Washington, April 4.—Prediction that the navy apptopriations bill pro- viding for an enlisted personnel of 67,000 would pass the house without change was made today by Chairman Madden of the house appropriations committtee after a conference which he and Representative Kelly of Mich- igan, chairman of the sub-committee in charge of the measure, had with President Harding. Mr. Madden did not indicate the president’s views on the 67,000 figure but asserted that there was no revolt in the house against such a cut. Inspection of Dept. Of A. G. Hammond Camp The department members of the A. G. Hammond Camp, U. §. 8. W. V,, are planning for a trip to New Ha- ven on Sunday, April 16, where an inspection of all the department camps of the state of Connecticut will be made. Commander-in-chief Carls- trum wilk be in charge of the work. Commander Carlstrum is touring the couatry on inspection duty. There will be representatives from 16 camps in Connecticut. The in- spection ,will take place in the City Hall Annex. Following the work, a banquet will be served the visiting members at 2 o'clock. CEMENT TRUST ON TRIAL More Than 40 Face Federal Charge of Sherman Law Violation. New York, April 4.—Trial of more than 40 persons and corporations comprising what is known as the “cement trust”’ for alleged violation of the Sherman anti-trust law was called today in federal court. Indictments returned last August charged that the defendants manu- factured and sold 90 per cent of all the Portland cement in the United States and exercised a practical mon- opoly. AT MUSCLE SHOALS. Washington, April 4—The senate agricutitural committee virtually de- clded today to seek senate approval to an amendment to the army appro- priation bill providing $7,300,000 for resuming work on the Wilson dam at Muscle Shoals, Alabama, and to be- gin hearings next Monday on all pri- vate offers for the Muscle Shoals property. The arnfi(m flower {industry in England employs more than 10,000 persons. = ] “FOOLISH WIVES” ENTIRE WEEK APRIL 16 Reserved Loge Seats Now On Sale At Fox's " TRADICAL LABOR FIGHT IN LAWRENCE Ong Big Union Secks to Organize in Textile Zone Lawrence, Mass, pril 4 (By Asso- clated Press)—Thi{®city today was the scene not only of a struggle between cotton and worsted mills and theiy striking operatives over a wage cut, but of a contest between conservative and radical labor unions for strike control. The one blg union, organized no- where else In New England, had be- come a militant factor overnight through the action of Ben Legere, in obtaining from a mass meeting of strikers yesterday acceptance of fts leadership and repudiation of that of the United Textile Workers of Am- erica. The latter organization headed by President Thomas F. McMahon who is in personal charge of its actlvities here held its ground and Mr. Mec- Mahon announced that it would ex- tend its forces without regard to the opposition. As an added factor in the fight for control, the American ¥ed- eration of Textile Operatives was said to be arranging to enter the strike arena. Both the 0. B. U. and the U. T. W. adherents were on the picket lines again at the mill opening hour today the rivalry resulting in increased picketing strength. They found the situation much the same as in recent days, with three mills closed by the strike, another shut down because of depression, two open only to the extent that loose ends were being cleaned up with the few loyal workers available and three plants operating with staffs about 25 per cent of normal. BUILDING INDUSTRY NEEDS CLEANING P Hoover Says Minority Will Force Government Regulation Chicago, April 4.—The practices of a small minority in the construction industry are unendurable and must be cleaned up if business and commerce desires protection “from the steady invasion of regulatory hands of the government,” sald Secretary Hoover today in, an address before the fifth annual meeting of the national fed- eration of construction industries. He sald that during the past ten months the department of commerce had given intensive study to the situ- ation in the construction industry and that the survey led to only one con- clusion on his part—‘“this situation must simply be cleaned up.” The industry needs cleaning ug, and the decent men in the industry must organize to do it; the great indirect wastes which are beyond the con- trol of an individual or concern must be eliminated by concerted action; to accomplish these ends *“there is needed a cleaner organization®of the trades not the destruction of the trades organizations.” These were the conclusions drawn from the department inquiry into the situation, Mr. Hoover said. JUDGE INDISPOSED New Haven, April 4—Owing to in- disposition Judge C. Lavery was un- able to open superior criminal court here this forenoon but reached court in the afternoon. Forty-seven per- sons were put to plea and there were 13 cases from last term. ORDER OF LEOPOLD. New Haven, April 4—J. M. Beary, chief agent of the United States secret service station here who ac- companied Lieut. Gen. Baron Alphonse Jacques of Belgium as body guard on his tour of the country last fall was notified by letter today that the order of Leopold 11 with the rank of chevalier had been conferred upon him. The letter came through the Beglian embassy at Washington. 90% expenses MAY HOLD UP PURCHASE Mayor Curtis Not In Favor Of Special Session Of Council To Act Oa Offer For Trench Digger. No actlon on the purchase of a gasoline driven trench digger, which is now pending, will be taken until the new administration takes office. Mayor O, F. Curtls is not in favor of a speclal session of the council to act on such purchase, feeling that the outlay of a large sum of money might embarrass his successor, The digging machine has been at work for the past two weeks on the east end sewer. It was sent fo this clty from Hartford for a test. Gen- eral Superintendent Charles Cadwell, favors the purchase of the machine, feeling that it will save its cost on the east end sewer alone, TEXAS JUDGE MAKES ATTACK ON K K KLAN Calls It Anarchism That Would ’ Overthrow Government Soon Weatherford, Tex., April 4. — Ex- pressing opposition to everything that the Ku Klux Klan stands for, “as far as I know,” Federal Judge James C. Wilson of the northern district of Texas in an address before the Weatherford chamber of commerce last night declared that Senator Cul- berson “did not miss it far'" when he said that “if permitted to continue, the klan would soon overthrow the government.” The judge stated that it was noth- ing more than a fo#n of anarchism which operated by first getting as members, the sheriffs, then the police, trial, judges and preachers, “It is a smooth system of chloro- forming the government under the plea of 100 per cent. Americanism,” he declared. Giving two remedies for the suc- cessful curbing of the organization the judge stated that public sentiment would force it to earth. Another remedy he said, was to “mob the mob.” This, he declared could be done without violation of the law for the constitution gives the individual the right to protect his life and his property from the attacks of anoth- er. The judge urges the arming of all jails with machine guns. INS, TORMAY REPORTS Eighty-Nine Inspectors Made—185 Permits Issued. Plumbing Inspector P. J. Tormay made 89 inspectfons and issued 18: permits during the month of March, building commission, indicates. There were 47 applicatians to dc work, 40 of which were in old house: and seven in new buildings. Thirty- four specia, linspections were made, including 13 sewer connection inspec- tions. Plumbing work was approved in five ' new buildings and 25 old houses. JUDGMENT FOR $190. In city court today a judgment was handed down in favor of Loomis & Wilson to recover $190 for groceries sold and delivered to Robert Apago. There was no defense offered. The plaintiff was represented by Lawyer David L. Nair, and the defendant by Lawyer M. A. Sexton. BITTEN BY A DOG John McCue of 90 Lasalle street, a foreman employed at Russell and Erwin Manufacturing company, re- ported to the police this afternoon that while riding his bicycle on Wash- ington stréet this noon, he was bitten by a dog. Divorce case clined because of age. e ——————————— in Paris have de- the house short- PALACE—Thur., Fri., Sat. “ROBINSON CRUSOE” CHARLIE CHAPLIN Free Souvenirs To Children Saturday Try this plan with the aid of an Interest Paying Account at this bank. You can open an account with one dollar his monthly report, submitted to the| E e T e e UL PUTNAM & CO. Member New York Stock Exchange Successor to Richter & Co, 31 WEST MAIN STREET, NEW BRITAIN, CONN. STANLEY R. EDDY, Mgr, TEL. 2040 We Offer 20 Bristol and Plainville Electric Company JUDD & CO. MIMBERS HARTFORD STOCK EXCHANGE HARTFORD: Hartford-Conn, Trust Bldg, Tel. Charter 6330 NEW BRITAIN: 23 West Main Street, Telephone 1815, Statement of Colt’s Patent Fire Arms Mfg. Co. Presented At Annual Meeting of Stock Holders Held April 1, ASSETS: Plants—Including Real Estate, Buildings, Machinery, Tools, Fixtures and Furniture .. CURRENT cereerresenss $2,777,2890.91 $3,484,955.39 338,000.63 18,406.00 3,042,223.86 Inventories Accounts Receivable ,,,, Bills Receivable ... e Cash and Investments ,.... 6,883,594.88 190,117.014 $9,850,971.60 $5,000,000.00 20,331.13 «o 4,880,640.48 Deferred charges prepaid cveeeesccees LIABILITIES Capital Stock .. Accounts Payable Surplus $9,850,971.60 We recommend the purchase of Colt's stock at the market price h NEW BRITAIN New Britain National Bank Bldg. Telephone 2580 DONALD R. HART, Manager Member N. Y. Stock Exchange HARTFORD 10 Central Row Telephone Charter 000 Member Hartford Stock Exchange. e Offer: LANDERS, FRARY & CLARK FAFNIR BEARING Price On Application We Do Not Accept Margin Accounts JOHN P. KEOGH Member 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.—Room 309, B. Nat'l Bank Bldg.—Tel 1012 SAFE WAY TO BORROW MONEY WE LEND MONEY on Note, or Home Furniture without removal, to persous having steady employment, or incomes, without inquiring of employers; also lend to property own- ers; no pawns; repayable in 8 to 15 monthly installments, or as desired; lezal charges only, based on unpaid bal- ances for actual time due, CONFIDENTIAL CONSULTATION BANK-LIKE SERVICE This Institution is financed and directed by business and professional men; conducted in a spirit of service, and not solely for profit; very fair and help- ful; strictly confidential and courteous dealings; new horrowers welcomed; oth- er accounts pald off; private inquiries; QUICK SERVICE, HOURS, 9 to 5:30, Saturdays, 9 to 1. CALL OR WRITE BENEFICIAL LOAN SOCIETY ROOMS 104-5, Professional Bldg., 87 WEST MAIN ST. (SECOND FLOOR, RIGHT) Licensed By State Bank Comm!ssioner, Bonded to the State. LOANS NO OFFICE SAFE or small vault is really safe in these days of acetylene torches and electric drills. The only absolute protection is afforded by a mod- ern safe deposit vault. Safe Deposit Boxes of all sizes for indivi- duals and corporations, New BriTAIN NATIONAL BANK AT liiTHE ONLY NATIONAL BANK IN THE CIT The Hartford-Connecticut Trust Company Corner Main and Pearl Streets, Hartford, Conn. Capital $2,000,000.60. Surplus Funds $2,000,000.00 Safe Depmlt Boxes, $5.00 and upwards. Settlement of Estatés. Foreign Exchange to all parts of the world. LETTERS OF CREDIT — GENERAL BANKING Bank by mail. It is safe and saves time. FOX'S—Thurs., Fri.,, Sat. “GIRL FROM TOYLAND” A Beautiful Act Free Toys For Children At the Matinees “FOOLISH WIVES” ENTIRE WEEK APRIL 16 Reserved Loge Seats Now On Sale At Fox's