New Britain Herald Newspaper, October 14, 1922, Page 11

NEW BRITAIN DAILY HERALD, SATURDAY, OCTOBER 14, 1022, ROGER BABSON EXPLAINS EUROPEAN SITUATION AND Wellesigy ‘Hills, Mugi, Oct. L — Rea should not be l‘lrvriud——mu cordigg' to Roger W. Bahson—hbetause of the recent action ot the stock mar- lket, 'When' Interviewed in Wélesley regarding the matter, Mr. Babson to- day sald the seriousness of the Europ- can situation is greater than most people realize: “It {s really surprising that the stock market has held up so well dur- ing the past,two wecks. Of course the break was due to the gravity of the Turkish situation which was un- derstood only by the big bankers in New York. The real facts are that France is today in quite a similar po- sition as that held by (‘ormnny in 1014, “The real seriousness of the danger Las somehow heen hidden. The change has come swiftly. A few weeks ago England was in the saddle. At conferences she was the dictator, She did the t0!king and Irance did the: worrying. Today the situation is Your Bank should be EFFECT ON MARKET ust the reverse, # hole, I there, “England alone of .all European nations has stood for law and order, She alone has stood for the payment of debts, and the fulfiliment of obll gations, Germany and Austria are bankrupt. Chaos relgns in Russia, Italy 18 on the verge of bankruptci I"rance s compromising. Englani is the only country who has told us that she will pay her debts with interest. “England's policy with Germany has been in opposition to that of France, England has wanted to get for France as much out of Germany as possible without killing the goosc that laid the golden eggs. France was for killing the goose, but still for de manding the eggs. England was lutope's big brother and upon her the financial-world has relied. “Today England is faced with fight- ing Europe because she stands prac- tieally ulone, The new government of England 18 aow fn nee deliberately put her your closest friend, it should counsel with you, advise you regarding your financial transactions and best of all be the one place where you should have every confidence. You can depend upon these three at this Bank. Start your Checking Account here and prove it to yourself. Opelg Saturday Evenings MR. MERCHANT Gobd Light reacts on customers and salespeople alike. It intensifies the customer’s desire to buy and increases the enthusiasm of the salesperson, Yofi use Light to enable customers to make satis- factory purchases under satisfactory conditions. That moves merchandise more rapidly and creates good will. Greece Is not with her, Germany alone, in caee of war; is her only pos- sible ally. The Germany of today is not on friendly terms with the Turkey of today. B8hould, however, Germany £0 In with England, there would have 1o be an entirely new interpretation placed on many Furopean relation- ships and the problems of those re- lationships, There is the matter of reparations, for instance, All Mnter. ratlonal finances would be upset. “Yes, England stands practically alone, Ttaly will back Turkey. Rus- sin will back Turkey, And, of course, France will back Turkey, Hence it must be kept clear that the real issue Is not between Great Britain and Tur- key, but between Great Britain and France. France has been backing Turkey. IEngland has heen backing Greece. Turkey and Greece, however, have been.but pawns on the chess- hoard. “When the last war was on, Rus- sia was promised Constantinople. Russia withdre Then,” it was de- cided to keep Constantinople free, out of the power of either France or Eng- land. England slowly got a bit of the upper hand. ‘This hurt the pride of IF'rance who pattently awalted her op- portunity. Last month it came, Then France played her cards. In a few hours the entire Furopean situation changed. Today France holds the trumps. “It {8 not merely a war on paper, remember. Turkey s fortifying her. self by putting guns and troops at etragetic points, Frankly, England is In # hole and this s what caused the' stock market to break and foreign bonds to tumble, Her own peeple are against war, ‘There is the memory of the recent hloodshcd There is still the warning mark of great sor row. An Englishman, too, cannot see himself going to Turkey to fight When Germany thundered in Europe right at England's door, the English Tommy was on fire to fight. But to day it is different. The Englishman remembers sadly what happened at Gallipoll. He remembers the fearful 008t of conquering a few Boers in South Africa He knows that there are over 200,000,000 Mohammedans at Turkey's back door. “Even the EngHshman, who hasn't a son that is aiready lost or a son to lose, has taxes to pay. England, with her intention of paying her debts, is the only European country that really taxed her people severely. The ordinary English tradesman is up to his chin in taxes. (England has the highest tax rate in the world.) He is not eager for more, the weight of which would almost break him. This Is the proposition with which England isgfaced. She has either got to fight the Turks at a tremendous cost of men and money, without the full co operation of her own people, or else she has to lose India, Egypt, Persia, and the Holy Land. Do you wonder the stock markets hroke? “What will happen? I do not know Lut what ever happens, there will he no check on business. The farmer will be helped by higher prices for wheat, Manufacturing and shipping vill become more active. The cost of living will go up. Money will be firm- or and scarcer, People will sell their foreign securities. The stock market, however, will not permanently suffer When the financial history of 1922 is written, this will be chronicled only 45 a ‘break in a bull market.' More over, the writers will add: ‘Consider- ing the great seriousness of the Turk- ish situation, it is most suvprising that the stock market has behaved so we!l. Only the fact that business was not inflated but was still 6 points below rormal saved the situation. Had the nation in 1922 been enjoying a period of real prosperity, there would have heen witnessed a real old-fashioned panic’.” CHILD SAVED FROM WORNS A mother of six children writes: “My baby was very sick and a friend of mine suggested trying Dr. True's Worm Elixir.. Now I have six chi ren and am never without Dr, True’ lixiv, the True Family Laxative and Worm Expeller in my house.” Mrs. B. N. Gile, West Newbury, Mass. Signs of worms are: Deranged stomach, swollen upper lip, sour stomach, offensive breath, hard and full stomach with occasional gripings and pains, pale face of leaden tint, eyes heavy and dull, twitching eye- lids, itching of the nose, short dry cough, grinding of the teeth, little red points sticking out on tongue, start- ing during sleep with troublesome dreams, slow fever. If your child shows any of these symptoms, start giving Dr. True's Elixir at once. 40c —60c—$1.20. —_— e —— Savings Bank of New Britain WALL STREET STOCK EXCHANGE REPORTS Quotations & Company, Am Bt Sug..... 46 Am Can . o AR Am Car & Foun. 19474 Am Cot Of) 2634 Am Loco Am Sug Ref com 817% Am Tel & Tel. 124 Am Wool 1028 Annaconda Cop 517 Atch Top & 8 F.107 At Guif & W I. 81% Bald Loco ....140% Balt! & Ohlo.,. 66% Beth Bteel B % Cen Leath Co.. 41% Ches & Ohio .. Td4'% Chi, Mil & 8t, P 327% Chl Rock T & R 44% Chile Copper .. 26% Chino Copper .. 287 Consol Gase ...139 Corn Prod Ref.125'% Crucible Steel .. 83% Cuba Cane Sug. 131 Endi-John ..... 861 Frie veases 16 Erie 1st pref .. 25 Gen Elec ......187% ien Motors .... 15% Goodrick (B) .. 35% Gt North pfd... 94% Inspir Cop 38% Inter Con b Inter Con pfd.. 1% Int Mer Mar pfd 63 Allls Chalmers . 54 Pacific Oil 56 Int Nickel 1614 Int Paper .. 627% Kelly Spring T' 45% Kennecott Cop. Lacka Steel . Lehigh Val Mex Petrol Midvale Steel Missouri Pac N Y Cen ... NYNH&H. Norf & West BuraS O Pan Am P & T. Penn R R . . 48T Pitts Coal .. 608, Ray Con Cop .. 14% Reading . 811 RepI & 8 ..... 61Y Royal D, N Y .. 59 Sinclair O1l Ref 351% South Pac 9534 South Rail .... 27 Studebaker Co .130% Tex Co 511 Tex & Pac .... 30% Tob Prod . 85 Trans Oil L 143 Union pd® . ll151% United Re §t .. 808 U S Food Prod. 5% " 8 Indus Alco. 71% S Rub Co A © 8 Steel .. L1097% U S Steel 122 Utah Copper .. 66% Mid State Ofl .. 138y Westinghouse .. 68% furnished bv Putnam 46 78 10474 2614 186 % 8114 128% 101% By 10684 307 130% 45 T8% 1047% 264 136% 81% 124 1021 b1% 107 5% 101 34% 2114 9814 303 122 30, 8014 488, 803, 14% 81 60 58% 343 5 267 137% 505 1228 31 9014 487 60% 14% 81 60% 59 3514 95% 26% 1388 5114 801 851 1434 1511 808 [ 70% 5714 109% 122 66% 1314 63% 10814 122 6514 12% 621 (Putnam & Co.) Bid 650 197 Askea 680 201 Aetna Life Ins. Co .. Am Hardware Am Hosiery .. .. — 5 3ige-Hfd Cpt*Co t‘om ..118 120 Dillings & Spen com .. — 25 Billings & Spen pid 26 Bristol Brass . (L e 20 Yoit's Arms .. 27 Conn Lt & Power pfd “agle Lock fnir Bearing Co lart & Cooley .... Hfd Elec Light ...... Landers, T JER Montzumorv com . J. R. Montgomery p(d N B Gas N B Machine . N B Machine pfd . les-Be-Pond com North & Judq .... Peck Stow & Wil . Russell Mfg Co ... Scovill Mfg Co uthern N E ard rew Stanley Works .... Stanley Works pfd rrington Co com . Traut & Hine . . ‘Travelers Ins Co Eniony MIgaCo:" i ¢ o9k 68 65 112 175 591 Tel U. 8 Treasury—Balance, WASHINGTON RELATIVE DIES Woodbury, N. J,, Oct. 14 —Richard 1. Washington, Jr, descended from John Augustine Washington and Col. Samuel Washington, brothers of George Washington, dled at his home here yestetday after a short {liness. He was 66 years old. 350,184,719, DAIRY This week SUNDAY is raspberry ice cream, City Items Tabs' fair opens Fri, Oct. 20,—advt, Detective Bergeant Willlam P, Mec- Cue and Daniel J. Mullen have re- turned from North Adams, Mass, where they attended the funeral of a nvlun\e yesterday. ur new Victor Record C. L. Plerce & Co.—advt A. W. Vibberts complained to the police this morning that his potato patch had been robbed of a quantity of spuds. Don't forget Viking A. Bungalow, 8at. and Mon, advt, There was a good attendance at the meeting of the Smith school Parents and Teachers' association held last evening. Viking's fair tonight night. Bungalow. advt, e ——— TAX NOTIC By virtue of a tax warrant to me v?rovud and now in my hands, I this day levy, saild warrant upon certain pieces or parcels of land with blliid- ings thereon, situated in Newington and standing in the name of James Nelson on October 1st, 1921, upon the records of the Town of Newington and recently transferred to Horace 8. Howe, Said property {8 bounded as follows: Firat piece, tiorth by land of Harry L. Cooley or assigns, East by the highway known as Willard street; South by land of Albert Hillman or assigns and West by second piece hereafter described. Second Piece: Situated in the rear of the first plece and bounded as fo- lows: North by land of J. Weyheim- er or assigns; East in part by land of Harry L. Cooley or assigns and Charles Nord; South by Albert Wha- ples and West by Arthur A. Eng- slrom or assigns. Said taxes on Lists of 1919 and 1920 amount to $138.24 with interest and on Saturday, De- cember 9th at 5 o'clock p. m., I will sell at public auction to the highest bidder at the public sign post in said town, all or so much of said proper- ty as will satisfy said tax warrant and all charges thereon. Dated at Newington, this 6th day of October, 1922. E. B. PROUDMAN, Tax Collector. Speclals. C. Fair, nights,~ and Monday Shepard's Orch.— TAX NOTICE. By virtue of a tax warrant to me directed and now in my hands, I this day levy said warrant upon certain pieces or parcels of land with build- ings thereon situated in the town of Newington and standing in the n#me of Victoria Ehmig and known as Plot No. 6 Dunham Farms. Said proper- ty is bounded as follows: Beginning at a point in the Westerly line of Hartford and New Haven turnpike at the North line of land now or former- ly of Aage Cohn, known as plot No. 4 on said plan thence North, East along the easterly line of said plot Ne. 5 to the Northerly side of land now or for- merly of Aage Cohn known as plot No. 4, thence North; along the other land now or formerly of Aage Cohn known as plot No. 4 290 feet to a point of beginning. Said premises are bounded South by land now or for- merly of Aage Cohn known as plot No. 4; Southeasterly by Hartford and New Haven turnpike; Northerly by land now or formerly of said Aage Cohn, known as plot No. 2 and North- westerly by land now or formerly of Aage Cohnand T. J. Reardon known as plot No. b, containing 6.05 acres more or less. Sald taxes on list of 1920 amount to $54.45 with interest and on Saturday, December 9th at 5 o'clock p. m, I will sell at public auction to the highest bidder at the public sign post in said town, all or so much of said property as will sat- isfy said warrant and all charges thereon, Dated at Newington, this 6th day of October, 1022, E. B. PROUDMAN, Tax Collector. TO TAXPAYERS, Assessors' Notice. All persons in the Town of New| Britain liable to pay taxes are hereby| notified and requested to return to the | assessors on or before the first day of November next, a list of all prop- | erty owned or purchased by them, on the first day of October, 1922. The assessors wil meet in their office, CITY HALL, MONDAY, OCTOBER 2nd, and every day thereafter during Oc- tober, except Sundays, for the purpose of receiving such list OFFICE HOURS, from 8:30 a. m. to 5 p. m. and Monday and Saturday evenings from 7 to 9. N. B.—All persons owning houses, land or other taxable property are re- quested to give a full description of {the same on back of their lists. Blank lists can be procured at Assessors’ Hall WEST MAIN STREET, PUTNAM & CO. Members New York Stock Exchange M bers Hartford Stock Fxchange uccossors to Richter & Co.) Stanley Y. Fady, )Ifln.m:r 81 West Main Bt, Tel. 3040 WE RECOMMEND FOR INVESTMENT:— Southern New England Telephone Company Dividends 8% per annum. Hartford City Gas Light Company, Com. (Par 25) Dividends 8% per annum, Connecticut Power Company, Com. Dividends 8% per annum. Utah Power & Light Company, Pfd. Dividends 7% per annum, Dallas Power & Light Company, Pfd. Dividends 7% per annum. R ¥ JUDD & CO. Members New York Stock Exchange MEMBERS HARTFORD STOCK EXCHANGE HARTFORD: Hartford-Conn. Trust Bldg., Tel. 8-6329 NEW BRITAIN: 23 West Main St.. Tejephone 1818 50 Shares LANDERS, FRARY & CLARK 50 Shares STANLEY WORKS 50 Shares NORTH & JUDD Thomson, Themn & GEo. NEW BRITAIN Partford New Britain Natioual Bank Bldg. 10 Cuntru Row Telephone 2580 Telephone 2-4141 » Members Members Hartford Stock Exchange New York Stock Exchange Donald R. Hart, Mgr. We Offer— STANLEY WORKS COMMON Price On Application We Do Not Accept Margin Accounts JOHN P. KEOGH Member Consolidated Stock Exchange of New York Waterbury STOCKS Bridgeport New Danbury BONDS New' Haven Middletown Springfield Direct Private Wire to New York and Boston G. F. GROFF, Mgr.—Room 509, N. B. Nat'l Bank Bldg.—Tel. 1018 The Hartford-Connecticut Trust Company Corner Main and Pearl Streets, Hartford, Conn. Capital $2,000,000.00. Surplus F' unds $2,000,000.00 Safe Deposit Boxes, $5.00 and upwards. Scttlement of Estates. Foreign Exchange to all parts of the world. LETTERS OF CREDIT — GENERAL BANKING Bank by mail. It is safe and saves time. 1S SENT TO ASYLUM, were largely instrumental in the sys- tematic search for it, had been ad- Due to Girl's Storf Experts and | mitted to the Nova Scotia hospital for Psychics Sought Ghost Fruitlessly. |the insane here. Halifax, S., Oct. 14.-—NMemories| Dr. Walter Prince, director of the of the ghost of Antigonish, for which!American Institute for Seientific Re- experts and psy s sought fruitless- |search, after a persistent investigation, Iy several months ago, were revived decided that Mary Ellen was respon- Today, progressive merchants everywhere are in- Oftice, City creasing turnover, reducing selling expense and creating confidence with Light. And the lamps which light the stores of many of the outstanding mercantile successes of this country are the WESTINGHOUSE MAZDA LAMP@ and cholocate fce Haven Dairy dealers vesterday when it became known that sible for the manifestations of a spirit Mary Ellen McDonald, the 15 year | presence which had excited the coun- old girl whose stories of the phantom ! tryside. orange sherbet cream at New only.—advt, Organized 1862 RESOURCES OVER $13,000,000 IDWARD A. McCARTHY, PATRICK RYAN, JOS. A. KLOSKOWSKI. SAVINGS: Every once in a while the thought comes over you—*I should put away a little of my earnings each week” — Have you ever stopped to think that it needs just a start to make this possible? Make that start tonight at this Bank and we will pay you 42 per cent. interest We again’ take pleasure in notifying you of the following greatly reduced prices effective at once on these lamps. Watts 75 100 0ld Priee ... 70c 95¢c New Price ;. 60c * Thc 200 $1.80 $1.30 150 $1.30 $1.00 300 $2.50 $1.90 If you are going after your share of increasing business this fall and winter, correct the faults in your store and window lighting and lighting aquipment—NOW ! Let’s make ours a better and brighter city. 178 Main Street Deposits in this bank are receiving 411/2% Interest. Interest begins the first of each month. Just give us a chance to help you. per annum. Open Saturday Evenings CONNECTICUT LIGHT « POWER COMPANY TEL. 230 We sell NEW BRITAIN } ., The Universal Vacuum Sweeper. he Burritt Savings Bank Cor. Church and Main Sts. Open 9 a. m. to 4 p. m, Saturdays 9a mtol2m, Monday Evenings 730 to 9