New Britain Herald Newspaper, August 19, 1922, Page 9

END OF LABOR DISTURBANCES IS NEAR, ROGER BABSON BELIEVES Refutes Impression That Hostility Between Capital and Labor is Continually On Increase. Wellesley Hills, Mass, Aug. 19.— In view of the newsp. r space re- cently taken by the coal strike, rail- road strike and certain textile strikes, ‘wé are prone to think that strikes are very general at the present time. Rog- er W. Babson, however, refutes this opinion in a statement issued today as follows: y Babson Speaks “As a matter of fact, we have very few strikes at the present time. Ever since the war the strikeé curve has been below the point which was then called ‘normal.’ This fact that we bave had three strikes of large dimen- slons blinds us to this basic truth. Two of these strikes, ‘the coal strike and the rall shopmen's strike, are in industries which have not been deflat- ed, 80 far as war time wages go. The other, the cotton textile strike, has been partfally deflated and the trouble is about going the rest of the disfance. The difficulies in these three indus. :Jrlel are then cases of belated hostili- es. “For the most part, labor is not striking, wages are being gradually let down to lower levels and the dis- position of men is to keep at work. There is always a rise in the strike curve during the summer. We are having that rise now. Nevertheless, ‘Wwe are not having the number of the wide distribution of strikes which we had last year or at any time since 1916. We will not have a repefition of those conditions this year. The strike curve is nearer normal than al- most anything else in industry. Btrikes Will Continue “As to the future, the answer is to be looked for in conditions. What made the tremendous wave of strikes which marked the years 1915 to 19207 The simple fact that there were more Jobs than men; that the cost of living was going up; that labor was in a position to force the issue. No such prospect is in view for the years right ahead. Therefore, we need not look for a repetition of the strike condi- tions of the war days. ‘Those days are Somehow—after vacation time we all passed. Nevertheless, we are going to have strikes. There are going to he a &0od many of them, They are going to be called for reasons other than the ones that backed the strikes of war time. Then men went on strike for more pay. They were courageous, confident, buoyant. They were sure of success. They were seldom disap- pointed. In the future just ahead, they are going to strike against wage cuts, against attempts to rule out the unions. They are not going to be as successful as they were in the war time strikes. “In consequence of this the real question of the next few years is as to the frame of mind which labor s going to have. In contrast with the buoyant confidence of the war years, labor is now going to be sullen, re- sentful, revengeful. What they do not gain in open victories, they are going to be disposed to accomplish by indirect means. A man who can- not get his pay raised can stall on the job. He can get the best of his boss by all kinds of nasty tricks in the factory. “These are short-sighted policies. In the long run they work to the dis- advantage of labor. Still, they are the usual recourse of labor when it is met by obstacles that do not yield. Problem of Employer “Right here is the problem of the employer of the next few years. How shall he meet the new temper of labor? In my opinion that ugly temper must be met by open dealing, by setting be- fore labor the facts under which busi- ness is done and by admitting labor progressively to a greater share in management of the clements of the industrial relation which most directly concern labor. That is to say: the time to develop personnel depart- ments, set up profit-sharing, organize shop committees and all of the rest of the things that belong to this class is, not when labor is in the saddle and holds a gun at the employer's head, but when the employer himself is in the saddle and is in the pos NEW. BRITAIN DAILY HERALD, SATURDAY, ton to dictate terms “The employer does not have to take this reasonable course, if he does | not want to, He can use these next years to pile up trouble for himself and his successors in days to come 1f, however, the employer is wise, he will take advantage of his position to| set up the best kind of machinery, with which to defend himself and his industry, It {8 not a question of strikes In the immediate future It will be a question of sabotage, Sabo- tage, however, 18 worse than strikes. It demands fts own treatment “In view of these conditions, inves- tors should give more thought to the lahor policies of the companies in which they purchase securities. An cxamination of corporation earnings shows that the labor policy is the great determining factor between pro- fit and loss during normal times. This especially applies to various concerna in the same line of industry. They all pay approxtmately the same price for raw materials; they all have prac- tieally the same hours of work, but one company succeeds and the other falls. Statistics show that the differ- ence is very largely due to their labor and financlal policies. Therefore, conservative investors will seek secu- rities of companies which have a broad-minded labor policy and which companies are now developing plans which will be of use when the next period of prosperity comes. Ice can- not be gathered in the summer, but must be put up in the winter when it is not needed. The same principle applies to labor. Labor troubles are very ditflcult to settle when they oc- cur. Wise manufacturers prepare, during such times as these, prevent. ive measures so that labor troubles will not occur when times are good.” General business is holding its own. It shows activity today at 7 per cent below normal as compared with 9 per cent last week and minus 18 per cent a year ago. MISS BELLMAN ENTERTAINS. Miss Frances Bellman of Chestnut | and Fairview streets entertained a number of her friends at her home last evening, the occasion being in honor of her hirthday. There were | about 20 of her friends in attendance. During the evening, vocal and piano selections were rendered by the Misses Lottie Wright, Freda Gugel, Anna Dejick and Mary Boros. A buf- fet lunch was served. kind of settle down to doing things— real things—and this is why we wait until September to open our Vacation Club—You can wait until after you have enjoyed your vacation this year, before starting for 1923. On Saturday, September 2nd, and for 40 weeks, we will run our Vacation Club on the same plan as the Xmas Club. Start and put away 50c-$1.00 or $2.00 each week and see what a fine check you will re- ceive next June. Join this popular Vacation Club Sept. 2nd {ing rapidly, |partment experts |as 20 per cent, | fection fs, |bunt or stinking smut in our | There is a strong indication that |growing of resistant varieties is City ltems Three Victor Bpecials at -advt, Mr. and Mrs. Thomas MeCue of Oak street are receiving congratula- tions upon the birth of a baby boy. Have The Herald follow you on your vacation. 18¢c a week Cash with order-—advt, “Deedls Deedle Dum,” Dance record. C. L advt “My Rambler Rose” and ‘“Dancing| Morans', a snappy Plerce & Co.— —advt. PERSONALS. Nair left today Y Attorney David L. for a vacation at Tannersville, N. Mr. and Mrs. G. Carlgon of Glen street, are entertaining Miss Ellen 8wan and nephew, Arthur Neergaard, ot Brooklyn, N, Y. Rev. M. W. Gaudian will occupy his pulpit in the 8t John's German Evan- gelical church on Arch strect tomor. row, after an absence of six weeks, Mr. and Mrs, F. L. Hart and Miss Marjorie Hart of Kensington avenue left today for an automobile trip to Lake Champlain and Ausable Chasm Miss Eleanor Pyatt of Stanley Quar- ter, accompanied them. James N. Wilson, Jr., of Common- wealth avenue, left yesterday for In- dian Neck, Branford, where he will spend a week. He will play with the Rexmere club orchestra at Pal- mer’'s Casino. Miss Kathryn Broska of Elm Hill left this morning for a two weeks' stay at Indlan Neck. FARMERS ADVISED ABOUT FLAG SMUT Experts of Agriculture Depart- ment Working Out Plan Washington, August 19 (By The Associated Press)—Farmers in the mid-western wheat flelds where the spread of flag smut among the crops {18 causting increased loss in the har- | vest, are urged by experts of the agri- culture department to plant varieties next fall which are immune to the | parasite or more highly resistant. The region adjacent to St. Louis in Il nois and Missouri has been found to contain an area of about 700 square miles in which the spores are spread- where, in 1921, only 72 square miles were infected. The de- believe that at- tempts at eradication are likely to fail and that change in planting is the only means of checking the spread. Large Damage. amounts to a large flgure. In Aus- tralla, where conditions are similar to those in some parts of this country, flelds sometimes show losses as high it is said, and the in- general, like that of own wheat growing regions. In the two states where this smut has been found in iparts of fields have shown losses as high as 20 per cent, but it is doubt- ful if fleld losses there have been as much as 5 per cent of the crop. Effects On Wheat. A number of varietles of wheat grown in this area have been found not to take the disease at all or to be highly resistant to it. Of the soft winter wheats, Red Rock, Stoner or Marvelous, Fulcaster, Mammoth Red and Dietz are in this class. Of the hard red winter wheats, Ilinois 10- 110, Kanred, IMinois 12-41 and P- 1068, are highly resistant if not im- mune, the department states. Nu- merous strains and varieties have shown high resistance, but some vari- etfes that have been very popular th this district have been found to take flag infection very readily. Carried By Wind. Investigations indicate the prob- ability that the spores of the disease are carried by the wind from field to fleld, a department circular de- clares, and for this reason it is doubt- ful if any quarantine measures can be effective in preventing its spread. the the Fool,” Victor, out at Henry Morans'.| The damage wrought by the smut!T AUGUST 19, 1922. WALL STREET STOCK EXCHANGE REPORTS Quotations & Company. turnished by Putnam Close 4% 58 177 28 120 621 B4 % 3TN 128% 149 Low 41% 577% 17 27% 120 821 84% 37 1238 148% 02y 144 108 33 124 57% T84 High Y% 58 177 28 L1208 62% 85% 3TN 123% 148 Mo, .84y 10434 23 126% 593 Am Bt Suger Am Can Am C and Fdy Am Cotton Of] Am Loco ..., Am B & Ret Am Bug R com Am Bum Tob Am Tel & Tel Am Tob Am Wool Ana Cop . A AttchT& 8 F At Gulf & W I Bald Loco Paltimore & O . Beth Stee! B 8% Con Textile .,.. 10 Canada Pacific 144% Cen Leath Co .. 407% Ches & Ohlo 1% Chi Mil & 8t P . 83% Chi RIsl& P ... Chile Cop Con Gas .... Corn Prod Ref Crucite Stel Endicott John .. 7y S e IErlr 18t p'd Gen Electric .. 184 Gen Motors .... 13% Goodrich (BF) . 373 GtNorthern pfd . 91% InCop ......., 4184 Interboro Con ... 13 In Mer aMr 15% In Mer MarPtd 65 Pacific Of1 .. Int Nickel Inl Paper | Kelly Spring Kenn Copper Lack Bteel Lehigh Valley . 687% Mex Pétrol ....173% Mid Btates 0( L. 13% Midvale Steel 36 Missouri Pac .. 23% N Y Central . 99% NYNH&H. 32y Nor & West....118% North Pacific .. 85 Pure Ofl.(.v.... 80% Pan Am P & T. 76% Penn R R 4T% Pierce Arrow .. 123 Pitts Coal . 67% Ray Con Cop .. 168% Reading . T8% Repl1 &S . 74 {Royal D N Y.. 85% Sinclair Ofl Ref 327% South Pacific .. 94% South Rail 27% Studebaker Co .127% Texas Co ...... 48% Tex & Pacific . 33Y% Tobacco Prod .. 8§1% Transcon O 14% Unjon Pacific ..150 United Fruit ...149 Laited Re St .. 70% U § Food Prod. 8% U 8 Indus Alco. 664 U 8 Rubber ... 58% U S Steel ..104% S Steel pfd...120% . 67 7 62% 1163 93 84% 18% . 27% 81 68 585 10314 120% 66% 7 62% Utah Copper Willys Over Westinghouse .. (Putnam & Co.) Bid .630 L187 11814 640 190 121 261 27 Aetna Life Ins. Co Am Hardware Bige-Htd Cpt Co cm. . Billings & Spen com.. Billings & Spen ptfd Bristol Brass 22 Colt's Arms ..... 27 Conn Lt & Pwr pfd 110 Fagle Lock .... 61 Fafnir Bearing Co . 55 Hart & Cooley .. 110 Hfd Elec Light 165 Landers, F. J. R. Montg'my com J. R. Montg'my pfd . B Gas B Machine B Machine pfd Niles-Be-Pond com North & Judd ' Peck, Stow & Wil.. Russell Mfg Co Seoville Mtg Co . South N E Tel .. Standard Screw Stanley Works .. lS'Bn[P_\' Works pfd Torrington Co com Traut & Hine ... Travelers Ins. Co Union Mfg Co ANOTHER CONTRACT 93 41 41 50 51 33 92 PUTNAM & Mcembers New York Stock Exchange Members Hartford Stock Exchange (Successors to Richter & Co.) Btanley It. Fady, Manager 31 West Main St., Tel. 2040 50 Shares Landers, Frary & Clark 50 Shares North & Judd By | 56 | 104 | 35 50 Shares Hart & Cooley JUDD & CO MEMBERS HARTFORD STOCK EXCHANGBE BARTFORD: Hartford-Conn. Trust Bldg., Tel. Chartcr 6330 NEW BRITAIN: 23 West Main St.. Telephone 1813, We Offer Stock of ROSSIA INSURANCE CO. of Hartford, Conn., at $95 per share to yield 6 and pay .02%. S e} XOCmtrllM New Britaln National Bank Bldg, Hartford Stock Exchange New York Stock Exchang$ omson, wenn & NEW BRITAIN \ Telephone 2580 Telephone 2-4141 ? Members Members Donald R. Hart, Mgr. WE OE FER: NDERS, FRARY & CLARK INORTH & JUDD Prices on application. We Do Not Accept Margin Accounts JOHN P. KEOGH Mcmber Consolidated Stock Exchange of New York STOCKS Bridgeport Danb; New" Havea Middletown BONDS Springfield Direct Private Wire to New York and Boston G. F. GROFF, Mgr.—Room 509, N. B. Nat'l Bank Bldg.—Tel. 1013 Waterbury The Hartford-Connecticut Trust Company Corner Main and Pearl Streets, Hartford, Conn. Capital $2,000,000.00. Surplus Funds $2,000,000. 00 Safe Deposxt Boxes, $5.00 and upwards. Settlement of Estates. 3 Foreign Exchange to all parts of the world. LETTERS OF CREDIT — GENERAL BANKING Bank by mail. It is safe and saves time. Savings Bank of New Britain, | Organized 1862 Assets—$13,000,000 Surplus—$700,000 A MUTUAL SAVINGS BANK It is the duty of every person to save, regularly and continuously. This bank offers a safe and convenient place for the deposit of these savings, where 4!3% interest is, being paid. i START AN ACCOUNT NOW Open 8 A. M. to 3 P. M. Saturdays—S8 to 11 Monday Evenings—6:30 to 8, (Standard Time) 178 MAIN STREET FOR BOAT I8 LET| — | Call 600 Foot BulkI Freight Steamer to Be Delivered least expensive and most dependable method of preventing loss, it is added, Crop rotation also will help to keep the disease under control for, unless a varfety is completely resistant, growing wheat after wheat will in- creage the infection in a fleld. Farmers within or near the infect- ed area are urged to consult with their county agents or state experi- ment station and arrange to get sup- plies of these recommended varieties for sowing in the fall. | Plans For a WHERE ARE THEY? WHEN the fire gong clangs where are your Insurance Policies? You protect your prop- erty with insurance, but do you protect your policies? You will need them to get insur- ance. They are safe in a Safe Deposit Box, Our Vault is Fire Proof, Burglar Proof, Mob Proof. Only $3 a year. By American Shin Co. in 1923, Cleveland, O., Aug. 19.—Another contract for a 6800-foot bulk freight steamer for delivery in 1923, has just been placed with the American Ship Bullding Company here.. The boat will be built at the Cleveland vards of the company and wil! be ready for delivery next May. The order placed by the Interlake Steam company. The price was not an- nounced. The new boat practically |will be a duplicate of the two steam- |ers ordered by the Pittsburgh Steam- ship company (a subsidiary of United States Steel corporation) last May. Th be 600 feet overa!l 60 feet beam and 32 feet deep The Interlake Steamship operate the second largest fleet on Ithe lakes and when the new boat | comes out the company will have 52 Bachelors were taxed in England in | the early part of the eighteenth cen- tury. Open Monday Evenings. | | | | | | steamer will keel, 0 feet The Burritt Savings Bank Is the Bank where 8,000 School Chil- dren of the ci{y are saving their pennies, and hundreds of them have contin- company health ministry, at a recer f the Faculty of Insurance at There are at the present time England and Wales 600 rsons over 70 years of age and 60,000 per- ns over 85 years of age. In 1920, 200,000 dea occurred in the case of persons under the age of nsman Trans- |45 44 per cent of the total number A self-load- |of deaths. The chief causes of the Manitowac | present high mortality rate are bron- stamers. for ‘the Detrolt. and "Cleves | (Wis) for | chitis, pneumonia, tuberculosis and land Navigation company for 1024 de- Cleveland s will be ched | di es of the nervous system. Can< | sogn 3 be placed in commis- cer also stands high in the list | S sion about the middle of next m BARGAIN WEEK —A BESSE - LELANDS meeting Leeds. in six hundred foot out late this seas ing built at th Great Lakes Engl the Wilson Tran: company vard of the Toledo Ship ompany a stcamer of the same The American Ship Building com- pany has booked orders for five reighters of the 600-foot type since i all Aelivery May Four of the boats |turned out at the Loraine, Ohio, yvar In addition to the freighters the com- pany will bulld two big passenger ued this all during the vacation. Now if the young people can save—so can you—it merely needs the start—that means just saying “I Will” — Try it and see how quickly your little account will grow into a larger one. $1.00 Will Start You—and we will pay you 42 % interest. Try This Next Week. for Building e class it co ing stea Ship B any compa Jaun PEOPLE LIVE LONGER. i | Fepecially Those in Great Bt | says Sir Kingley Wood. FOX'S—Mon.—Tues. NORMA TALMADGE THOMAS MEIGHAN _ondon, Aug. 19.—People are liv- > N e m; r;\’.:z:r tnxfwv SHaR !h: Fp:m. “The Forbidden City said Sir Kingley Weood, M. P, of the I