New Britain Herald Newspaper, June 3, 1922, Page 11

’ at ’ WALL STREET STOCK . EXCHANGE REPORTS High A™ Tt Su 47 Am Can ...... B1% Fdy .. 167 Am Cat Ofl 30 Am Loco ..., 116 a8 & Ref 65 % Am S Ref com . 81% Am 8 Tob .... 42% Am T & T ..., 123% Am Tob » 142% Aa Wool 035 Ana Cop ... 5614 AtchT&SF .., 997% At Guit & W1 . 41% Bald Loco . 117 Baltimore & O . 50% Beth Steel B .. 78% Canada Picific 138% Cen Leath Co .. 41% Ches & Ohlo .. 66% Chi Ml & St P . 27% Chi R Isl & P . 44% Chile Copper .. 238 Chino Copper .. 83% Con Gas 117 Corn Prod Ref 102% Crucible Steel . .76 Cuba Cane Su .. 17% Endicott-John 84% Erle 167% Erfe 1st pfd 25% Gen Electric .. 167 Gen Motors .... 15 Goodrick (BF) . 43% Gt North pfd % Inspira Cop ... 447% Inter Con .... 2 Inter Con pfd .. 4% Int Mer Mar .. 25 In Mar M Pfd . 85% Alls Chalmers .. 49% Pacific Ofl ..... 68 Int Nickel 18 Int Paper . 53% Kelly 8 T .. 51% Ken Cop . 39 Lack Steel ..,.. 7% Lehigh Valley .. 65% Mex Petrol 142% 231 903 Close Mis Pacific N Y Central NYNHG&H. Nor & West Pure Oil Pan Am P& T . Pen R R ... Pierce Arrow .. Pitts Coal Ray Con Cop .. Reading .... Rep I & 8 .... Royal D N Y . 8in Oil Ref .. South Pacific .. South Rail Studebaker Co . feaus Co m-s; Texas & Pacific . 32% Tobacco Product 813z Trans Oil .. 19 Union Pacific... 139 United Fruit .. 141 United Re 8t .. 67% U S Food Prod . 9% U 8 Indus Alco . 58 U 8§ Rubber Co . 65% U 8 Steel .... 102% 102% Utah Copper ... 68% 68% Willys Overland .9% 9 National Lead . 95 94% 249 125% 43% 327 80% 18% 138% 141 65% 86% 575 649 Hfd. Blec:. Light Southern N E Tel.. Am Brass Am Hardware - Billings & Spencer com., Bristol Brass . ' Cilt's Arms . " kagle Lock . Landers, F. N B Machine . Niles-Be-Pond com North & Judd Peck, Stow & Wil Russell Mfg Co. Scoville Mtg Co. Standard Screw Traut & Hine . Union Mfg Co . Stanley Works . Aetna Life Travelers AIMED AT RUSSIANS. French Insist Soviets Withdrew Their Memorandum Concerning Hague. Paris, June 3.—(By Associated Press.)—Premier Poincare in a mem- orandum forwarded vesterday to the United States government and to all the powers which have received in- vitations to attend The Hague con- ference on Russian affairs, demands that the soviet government withdraw its memorandum, presented at the Genoa conference on May 11, as a condition for French participation at The Hague meeting with the Rus- sians. E—————s————— Deposit In This Mutual Savings Bank Paying 4%4% Interest 'SAVINGS BANK Of New Britain Organized 1862 Assets $12,960,390 Open 8 to 3. Saturdays 8 to 11 Monday Evenings 6:30 to 8 4 |instances; building, NEW ENGLAND MILL NEW BRITAIN DAILY HERALD, SATURDAY, JUNE 3, 192z WAGE CUTS INEVITABLE, BABSON ASSERTS Wellesley Hills, Mass, June 8,.— Roger W. Babson, the statistician, to- day indicated several of the factors which are responsible for the slowness of business recovery, Floods And Southwest ‘“The floods still continue to trouble the southwest,” said Mr. Babson. “Nearly four million acres of land are sald to be submerged. This tends to delay planting as well as to inter- fere with trapsportation and general buying. With the exception of this flood situation and the lateness of spring, the crops are coming along very well, A little scare in the case of cotton will do no harm. Scares do not affect crops but only straighten prices and make for business activity, “The four industries which are the most active at the present time are the building industries, railroad equip- ment, public’ works, and automobile manufacturing. They are all indus- tries of a fundamental nature. Not only is development of these indus- tries giving temporary employment, 4 |but they provide permanent and pro- ductive capital for the country. This is especially true in the first three railroad equip- ment and public works. Michigan District “Very hopeful reports come from the Michigan district. Mines which have not been opened for a year or two are now running on full time, Thousands of men in the.mining sec- tions are now going back to work, and the whole Michigan district looks more prosperous, Although the cop- per situation is still very flat, it is like a man flat on his back. There is only one way he can look and’ that is upward. Michigan during the next two years is apt to be a very busy state. “The mill situation in New England FLIER WHO MENACED CROWD IS DROPPED Reserved Officer Dismissed for Flying Low Over Memorial Day Exer- cises at Washington. Washingtor, D. C. June 3.—Her- bert Fahey, aviator, who flew low over the heads of the audience attending the ceremonies at the dedlcauo'fi of the Lincoln Memorial last Tuesday, was dismissed from the Officers Re- serve Corps by Secretary of War Weeks and publicly reprimanded at the White House. Fahey was a lieu- tenant in the Reserve Corps. The aviator was dismissed without court-martial under authority which gives to the President power to take disciplinary measures. and dismiss members of the corps at will, Fahey was charged with disre- spect to the President of the United States and with having endangered the lives of the assembled spectators. His defense was he thought he :inight fly over the crowd between 2 and 3:30 p. m. The War Department says he was warned not to fly at all between 2 and 5 p. m. OLD HORSE ON EX. EXHIBITION “Winchester,” Used By General Sheri- dan in Civil 'War, Being Shown For Last Time in New York. New York, June 3.—“Winchester,” the horse made famous with his mas- s upset, ' Thousands of people are still out on strikes. Although both sides claim decided advantages, ota- tistics are rather in favor of the em- ployers, It is believed that a cut is inevitable, and it is only a question of what the cut will be, When the mills are opened, wage reductions will run from 10 to 20 per cent.; although these reductions will do little good unless the workers feel right and are happy. As some mills reopen, they will reopen on an opén shop plan, al- though T belleve that in many in- stances these manufacturers will go back again and deal with the union as soon as business becomes good and help Bcarce, Pay Cuts Are Coming ‘““Wage reductions apply not only to the textile industries but to the shoe industries and in some cases to the building industries. The Structural Iron and Steel Workers union in Syra- cuse, N. Y., have recently accepted a wage scale of a dollar an hour for all work, I emphasize that these labor conflicts—whichever side may be to blame—are the one important factor preventing business from coming back to normal. Both profits and wages must be cut and all connected with industry from the president of the concern to the office boy must give more service per dollar received. “To have prosperity, people must be at work; to have people at work there must be a demand for goods; and to have a demand for goods, people must be prosperous! Hence, the soundness of the Golden Rule and why we all — whether employers or wage earners — should be interested in having the other fellow prosperous. Yes, concluded the statistician, there s a real connection between religion and business. The sooner we realize it the sooner we'll be back to normal.” ter when Gen. Philip, Sheridan made his thrilling ride at the battle of Cedar Creek, October 19, 1864, has been put on public view for the last time at Governor's Island, where it has been kept for 42 years. The mounted horse will be sent to the Smithsonian Institution in Washing- ton. “Winchester” ‘took part in 60 bat- tles and engagements from 1862 to 1865 while ridden by Gen. Sheridan. The horse died in'1878, was mounted in Rochester and sent to the army post on Governor's Island shortly af- terward. Blonds usually have more beautiful hands than brunets, according to one manicurist of long experience. [ LOANS P 0 TIONS IN ONE PLACE [ES IV‘ITE C: to HOU. TS, NEW BIHTA! N 1-9-. ROOMS 104-5 Safe Way to Borrow Money — On NOTE, and HOME FURNITU incomes, without inquiring of employers. PAYABLE IN 8 to 15 MONTHLY INSTALMENTS, or AS DESIRED; LAWFUL CHARGES ONLY, based upon actual unpaid balances, for the EXACT TIM Is financed and dirccted by business and professional men ICE, and not solely for profit; VER' 2 COURTEOUS DEALINGS; NEW BORROWERS WELCOMED; § “E WILL HELP YOU SOLVE YOUR PROBLEMS; Licensed, and Supervised, by CHINESE AFFAIRS ARE ALL HUDDLED Continued Silence of Canton Leader Causes Anxiety Peking, June 3.-—(By Assoclated Press,)-—Continued silence on the part of Dr. Sun Yat Sen, head of the Can- ton or southern government in China, toward the rapid fire changes of the last few days is evoking anxjety, The aim for which Dr. Sun has an- nounced répeatedly that he was fght- ing is an accomplished fact, the last vestige of unsanctioned government in Peking having passed away late last night with a decree {ssued by the cab- inet of the resigned president, Hsu Shih-Chang, announcing {ts own entire lack of legal authority and its reor- ganization merely as a committee of citizens to carry on the government until a successor to Hsu should be in office. Withal, Dr. Sun maintains the discreet quiet he assumed when de- mands first were made, scome days ngo, that he resign. Meanwhile there are rumors from Canton that a reconciliation between Dr. Sun and Chen Chiung-Ming, his former adherent, who withdrew his support several days ago, has been effected. Chen's troops yesterday were reported to be between Dr. Sun and his capital, Canton, yet Canton ad- vices late last night reported the ar- rival of the southern president at his seat of government. On the other hand, Chihli troopg controlled by one of the provincial military dictators whom Chen united into a confederation in support of Gen. Wu Pei-Fu, are pouring north- ward to ald in that leader’s efforts to subdue Gen. Chang Tso-Lin. SURVEY MINE FIELDS Union Leaders Are Considering Prob- ability of Calling For General Strike At Mines. New York, June 3. — Headed by Phillp Murray, vice-president of the United Mine Workers, 40 members of the miners general scale committee were to leave today for an extended survey of the anthracite coal flelds to discover the sentiment among the miners regarding a general strike, The union officials say if the men are for a strike that the union will clamp the lid upon the hard coal in- dustry and bring out the 8,000 main- We Also lend to Property owners; E YOU HAVE CONFIDENTIAL CO: LTATION BANK-LIKE SERVICE THIS INSTITUTION conducted Y FAIR, AND HEL STRIC VICE, 10, SATLBDA\S, 9 to 1, CALL PERSONALLY, or WRITE, Beneficial Loan Society PROFESEIO\AL BLDG. (SECOND FLOOR, RIGHT). State Bank Commissioner. Bonded to ow Is the Time 4%:% Tc Take Advantage of Our 4159 Interest Rate on Savings Accounts. Have You Contemplated Opening An Account? If So Make It a Point to Start Your Deposits at This Bank. | Open Saturday Evenings 7 to 9 o’clock Burritt Savings Bank STANDARD TIME CONCENTRATE tenance workers pow the | conl properties, This would mean that many mines would be flooded as the engineers are members of the union, The joint committee meeting on the wage scale schedule has adjourned until Tuesday when the committee | will convene at Hazelton, Pa. guarding RUPTURE AVERTED BUT— Irish Situation is Anything But O'pflmh‘- Negotiations Not Brokem, But tic, London, June 3 (By Assoclated Press)-—Rupture of the Irish negotia- tions has again been averted but there is little disposition here to take a very optimistic view of the situation. The answers of Arthur Griffith president of the Dail Eireann to six questions put to him by the British cabinet the nature of which was not made public, were declared satisfac- tory and Mr. Griffith left last night for Dublin and Premier Lloyd George fer his Whitsuntide holiday at Cric- cleth Wales. The gloomy feeling here was in- creased by Mr. Griffith's statement before his departure that the position appeared the same as it was in De- cember, The question of the influence of Eamon De Valera, Irish republican leaders, crops out in many specula- tions and it is assumed there will have to be some modifications in his ‘pa® with Michael Collins before the rival views regarding the new Irish con- stitution can in any way be harmon- ized. One extreme opinion is that Col- lins is entirely in De Valera's hands as a result of their agreement and cannot escape even if he wishes. Fourteen descendants of the last Inca of Péru have presented a memo- rial to President Leguia, pleading for protection of their race. e — ————————— BN G T ATERMERS ROUND THE WORLD Supell'hGSS %MPR!ESS of FRANCE" ross Tons, lly Chartered 4 MONTHS CRUISE, $1000 and oo luhldl% Hotels, Fees, Drives, Guides, ote, riginsted Round the wwld Cruises 's 1th C; ol & MEDITERRANEAR M. Ss BM'RBSS of SCOTLAND"”" Gross Tons, § 68 DAYS O 8, Eecmlly Chsrtered ro Lend Money without removal, to persons having steady employment, NO PAWNS; LOANS RE- THE MONEY, UP 10 $300 in o spi TLY CC of public SERV- ENTIAL AND o] OBLIGA- PRIVATE INQUIR- or 'PHONE 87 WEST MAIN STREET the State of Connecticut. 4%% PUTNAM & CO. Members New York Stock Exchange Members Hartford Stock Exchange (Successors to Richter & Co.) 6 Central Row, Rwrtford, Conn, Tel. Charter 2600 NEW BRITAIN OFFICE, 31 W, MAIN STREET e e et We Offer: 50 Shares of AMERICAN HAWDWARE 50 STANLEY WORKS 50 LANDERS, FRARY & CLARK J UDD & CO. 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