New Britain Herald Newspaper, January 13, 1923, Page 13

NEW BRITAIN DAILY BABSON SEES SUNSHINE IN OPENING OPPORTUNITY RAPPING OF NEW YEAR, HE Locally Only by The Hersld), m Hills, Mase, Jan, 13, = Roger W, Babson today lssued/ the following statement in he fur- ther discusses the points that aroi reatest interest in his “Outiook for 1928" which appeared in these col. vmns on January 1. “Whatever 1928 brings f startigg out exceedingly wel Jlained last week, statistical ness {8 now In & better position than it has been since October, 1930, Tak- 1og all segtions of the country and all lines of business, the Babsonchart Is practically normal tod. This com. pares with minus 219% a year ago, and minus 13% two years ago," says Mr. Babson, “Of course, the improvement has been #0 rapld during the past few weeks that it probably cagpot hold up during the entire year of 1923 Howe méht lines of business are doing well today and we should make the best of this opportunity, Those who are not i lines which are im- proving should get busy and ‘find out why, Certainly the ultimate con- sumers. of most goods are today | position to buy in reasonable quanti- ties, Every businessman should be doing business with them and sharing their proaperity. “The farmers arc feeling better,” continued the statisticlan, “than they have for somte years The value in money of the crops just harvested is over 306G greater-than the value of the previous crop. The banking sit- uation in tho farming scctions lquidating. Fallures are - running only 400 a week compared with 500 or 600 a year ago. My records from the mail order houses show that De- cember has again n a record month, and that most farmers' fami. lies had a sumptuous Christmas. This applies not only to the grain sections of the west, but most cotton sections of the south. Conditions in Texas are better than they have Heen for some time. Since the textile workers have returned, the cotton mills are very busy. Cotton should remain firm un- til we know something about next year's crop. ’ “The fron and steel industry is in a better condition than it has been for three. years. Pittsburgh had a prosperous Christmas. Most plants are working 809 of their capacity and the demand for this time of year for their products {is exceptionally good. Ordinarily many steel plants close down this season, but there is little cliaince of it at present. Most railroads are buying locomotives, cars, . rails and other track material. Build- ing, which is usually dull this time of year, continues to be active, and the demand 4or brick, lumber and hard- ware s greater than ever before at this season. The demand for copper is increasing and I would not be sur- prised to see higher prices during the next few months. The coal industry continues to boom and so long as the present cold weather continues, there should be no let-up in ghe producing end of the industry. Certain sections of the country, however, which have Lieen suffering for lack of coal should soon get plenty. Coal prices should be lower in 1923 than in 1922. “Foreign trade is holding up better than most people anticipated. Var. SAYS IN STATEMENT fous reasons exist for this but the forelgn affairs, The statements last week by Benator Horah should be beneficlal to the foreign trade situa. tion, Export business 1s dependent upen confidence, Nothing will help s0 much to restore our foreign trade as'a feeling that Burope is to be kept from bankruptey, My finanelal friends have been very pessimistio over the Kuropean situation during the past few months. Keports which I have recelved this week in regard to Europe seem brighter and more hepeful, “There Is even a bright side to the labor situation as we begin the New Year, Although most employers be- lieve that labor is too high and many feel that it 1s becoming inefficient, the fuet remains that strikes fewer, There has not been a January for many yeats with so few strikes, Ap- parently both capital and labor got a Rood scare during the rallroad strike, for certainly they both lost. As a re- sult, both sides have since counted 10 before pulling off a strike or lock- cut, There s much talk about changing the immigration laws to re- lleve the situation, It, however, will take more than changing the quota of immigrants. The fundamental dif. ficulty with the skilled labor sit tion {s that the war killed, cripple and shocked @ great mass of work- ers, We complain that men are anx- fous to be clerks instead of plasterers, but the real truth is that the physl cal conditions of wage workers has, through war and other causes, so de- teriorated them that only a small proportion of the men have, today, the physical endurance to do the hard manual work. “It, therefore, will be seen that we are starting the year under very hap- py circumstances. The Babsonchart this week registers minus 39. Our job during 1923 will not be to open the throttle wider but to hold the prosperity which we have today. This, is the task before us. To this end we must work. This means,” concluded Mr. Babson “that we must substitute service for greed, thrift for indolence, efficiency for inetficlency, and an honest desire to give a dollar of serv- ice and materid! for every dollar that we get. If we do this our present geod _conditions could continue through 1923; but if we again get careless, business will agaln quickly fall off, because these better condi- tions cannot continue without a strong and broad foundation on which to build and grow.” ESCAPES KIDNAPPERS. Dublin, Jan. 13, (By Assoclated Press)—Dr. Oliver Gogarty, member of the Irish Free State senate was kidnapped last night by two men, but escaped after being taken some dis- tance outside the city by his captors. CLEARING HOUSE REPORT: New York, Jan. 13.~The actual condition of clearing house banks and trust companies for the week shows that they hold $5,093,640 in excess of legal requirements. This is an in- crease of $42,106,660. Yes--we are stil open for Xmas Club Membership Hundreds Have —Are you one Already Joined of them? Plan to do so tonight when you are down town. The Hartford-Connecticut Trust Company Corner Main and Pearl Streets, Hartford, Conn. Capital sg,(fi)0,000.00. Surplus Funds $2,000,000.00 e Deposit Boxes, .00 and upwards. Settlement of Estates. Foreign Exchange LETTERS OF CREDIT — to all parts of the world. GENERAL BANKING Bank by mail. It is safe and saves time. AT EVERYMAN'S DOOR Of 28 N K. Presidents, 17 Have Worked Thelr Way gp From The Bottom, Chicago, Jan, 18, » Btudy of e carcers of the 25 rallread presidents whe, according to a reegnt sehate commitiee report, recelye salaries of $60,000 or more per year, show “that the door of oppertunity in the redl. road business still stands wide open to every man who, enters the serviee" the Rallway Age comments, Seventeen of the 25 presidents nam. ed enteged the service before they were 21 years old and 11 of them be. fore they were 18, the magazine says Almeost all hegan their careers as workers of the ranks, The only twe who started comparatively late M life—=Hale Holden of the Burlington and Charles Donnelly, president of the Northern Pacifio-~were attorneys in general practice before they begcame railroad lawyera . Only ten of the 25, the Rallway Age comments, are college men and seven of those 10 took engineering courses. Some of the college men worked their way through with men-. ey earned on the roads during vaca- tions, 5 “If the young mgn who enters the rallroad business expects to rise to a presidency and a large salary while stil young, the experience of these men shows he is llkely'to be di pointed,” the magazine continues, “Of the 26 men recelving salaries of $50,. 000 or more, whose ages can be given 10 were under 50 and 14 over 50 when they became railroad presi- dents.” READY FOR DRIVE Preparations For Trinity Fund Cam- paign Now Complote Hartford, Jan, 13. — Preparations for the canvass in Hartford for the Trinity college centennial endowment fund of $1,500,000 are now virtually complete and the canvass will com- mence on Tuesday, when 110 Vvolun- teer workers will start out aftér sub- scriptions, A big dinner of workers and local Trinity alumni will be hald Monday evening at the Hartford club at which Dean Jones of Yale and Al- fred C. Fuller, president of the Ful- ler Brush Co., will be the principal speakers. Beginning January 28, one week after the conclusion of the Hartford canvass, Trinity will appeal to all her friends in the remainder of Connec- ticut for financlal assistance. Pre- liminary arrangements for this can- vass are now being made. Sunday, January 28 will be observed as Trin- ity Sunday in Episcopal churche: throughout the state, in commemora- tion of the founding of Trinity by Eishop Brownell, first Episcopal bish- op of Connecticut, one hundred years ago. ————— FATE RESTS WITH JURY Seattle Woman, on Trial for Murder, May Learn Decision by Night Seattle, Jan, 13. — Whether Clara ‘Skarin, 20 years old and comely, shot and killed Ferdinand Roch Brunn, aged and wealthy real estate man in his home here October 13, 1922 in self defense,. as she contends or whether, as the state charges, she took his life to acquire his estate, was expected today to be by nightfall a matter for the juty to decide. Miss Skarin, who was Roch Brunn's ward’ has been on trial in superior court all week on the charge of first degree murder. After arguments yesterday by the defense made the four women on the jury weep and the prosecution that caused Miss Skarin to writhe in her chair, closing efforts for the prisoner and for the state re- mained to be heard today. } e & . 'HERALD, POLAND WILL ACT WITH ALLIED UNION Enengetlc Measures Are o Be Taken in Memel Outbreak Warsaw, Jan, 13.-~(By the Asso clated Press)—Poland will support the policy of (he allies on the Memel question ralsed by the recent invasion of this Baltle territory by Lithuanian irregulars, it was declared by the government today, No steps will be taken by Poland on her own initiative, SATURDAY, Paris, Jan, 13,—(By the Assoclated Press)—~The allled couneil of ambas- sadors decided this morning to make energetic representations at Kovno to induce the Lithuanian government to bring pressure to bear on the group of Lithuanlans menacing Memel, The ambassadors are of the opinion that the Lithuanian government is able to stop the movement If it acts promptly and vigorously, The ambassadors decided to send a French colonel to Memel to take charge of the allled force. After the arrival of the British and French ves- sels ordered to Memel this force will conslist of British and French marines and the company of French soldiers already on the scene. SHIPPERS APPEALED 10 BY NEW HAVEN Pregident Pearson Warns About Preight Congestion New Haven, Jan. 13.—An appeal to shippers for further co-operation in meeting congestion of freight was made by President E. J. Pearson of the N. Y. N, H, and H. railroad today. He said in part: Thg freight situation is becoming such that still further co-operation on the part of shippers is necessary for the purpose of stopping’ the gradually increasing tide of congestion thereby enabling improvement in service and increase in capacity. The present situation 1s a matter not only of concern but also of regret to the management because the improve- ments made to the property and the additional power purchased during the past few years, were all to the end that such a traffic situation as at pres- ent could be adequately met. This condition would have been achieved except for the strike of the shopmen. “The presént serious effect of that strike arises from the necessary di- minishing of the customary work of reconditioning locomotives during the several earlier months of the strike. Because of the complete absence of men on repairs commencing July 1, and the continuation during several months thereafter of intimidation violence and sabotage, which increas- ed the work required and also the difficulty in keeping engines in service, there was a loss roughly equivalent to four months of normal shop output.” President Pearson said that only 42 locomotives sent for repairs since July 1 had beet received from outside shops up to January 1 but recruited forces in the company's shops are not keeping up with current requirements. BURN COSGRAVE'S HOUSE Dublin, Jan. 13. — Armed men burned the house of Willlam Cos- grave, president of the Irish Free State ministry at Ballyboden, near Rathfarnham, County Dublin, early today. The president has not resided in the house for some time. Are you in a position to asp opportunities when ey present themselves! The man with a Savings Ac- count generally is, for he has extra funds from which to draw—-Start your ac- count with just $1.00 and see it grow. 41/5 07, Interest Paid, Too Open Saturday Evenings 7to9 ‘approximately 1,000 JANUARY 18, 1923, WALL STREET STOCK EXCHANGE REPORTS Quotations furalvbed by Putnam & Company. Wall Btreet—Buyipg in anticipa- ton of favorable dividend action at fulure directors meeclings and ow- tnuation of good earnings, carried industrials substantially higher in to- day's stock market. The demand em- braced a wide list but was particu larly effective In can, rubber, motor, oil, food and merchandising shares. High priced coalers also registered good gains but selling appeared in a few of the cheaper rails especially New Haven and Bt, Paul pfd, Marine dropped a point to their lowest price in more than & year. Some of tho extreme guing were Postum Ce- real 71-4 and Chicago Pneumatic Tool 4%. The closing was &trong fales approximated 600,000 shares. Am Can ...... S4% B3y 84 Am Loco . 1364 124% Am Smit & N My Am Bugar Ref.. 70 70 Am Tel & Tel, 123 122% Am Tob ... L} 163 % Am Wool N Anacon Cop . "y Baldwin Loco 135 Balti & Ohlo .. 40y Beth Steel B .. 62% Cen Leather ... 34 EERTS Chi Mil & B P. 21% 20% Chi Rek Is & P. 81% 31% Chile Copper 0% 29% Chino Copper 26% 26% Consol Gas ....125 Crucible Steel . 72% Endicott-John . 2% Erle . 10% Gen Electric ...184 Gen Motors ... 14% Goodrick BF .. 38% Gt North pfd .. T4% Int Mer Marine. 9% Int. Mer Mar pf. 43% Pacific Oll .... 47% Int Nickel ... 154 Int Paper ..... 66% Kelly Spring Tire 61% Kennecott Cop 86% Lehigh Valley . 68% N Y Central ... 94% NYNHG&H 194% North Pacific .. 73% Pure Oil ...... 28% Pan Am P & T 91% Pierce Arrow .. 14% Reading . ..... T8% Rep I & 8 +.... 50 Royal D, N Y . 62% Sinclair Ol Ref 34% South Pacific .. 88% South Rall . 26% Studebaker Co 117% Texas Co ... 48% Trans Oil . 11% Union Pacific 137% U 8 Indus Alco 67% U 8 Rubber Co 61% U 8 Steel .. 107% Utah Copper . 65% Willys Overland. 7% Middle States Oil 12% U. 8. Treasury—Balance, $209,737,400, CUTS THROAT WITH RAZOR IN FIT OF DESPONDENCY Washington Place Carpenter Tries to End Life Early This Afternoon— Depressed by Financial Condition James Ceocca, a carpenter residing at 4 Washington place, slashed his throat with a razor shortly after 12 o'clock today, afid was taken to the New Britain General hospital. At the institution it was found that Ceocca had cut across the front part of his neck, into several small veins, and severed a part of the windpipe. He suffered the loss of considerable blood, but after he had been taken from the operating table, his condi- tion was such as to indicate that he may recover. Ceocca, has been In a despondent mood for several days, it was learned this afternoon. According to a story, he has been waiting for some time for money due him, and which is still forthcoming HENRY J. FOIREN ARRESTED ON EMBEZZLEMENT CHARG: ‘Withheld $100 After Land Deal —J. O. Baker is Complainant Henry J. Foiren of Kensington, who conducts a real estate office at 140 Main street, was arrcsted shortly be- fore noon today, by Detective Ser- geant Willlam P. McCue, on a charge of embezzlement. He is being held in bonds of $500 for a hearing in po- lice court on Monday morning. The complainant in the case is L. C. Baker. Baker alleges that early last spring he entered into a deal with Foiren to dispose of some land at Belvidere. It is alleged in the complainant that Foiren on April 12, 1922, sold some land to Marjorie Strong and Louis Kreiger, Jr., and in reporting the sale, Ioiren claimed that he had been paid $5,900 whereas according to Baker, he received $6,000. It is for the embez- zlement of the $100 that Foiren was arrested today. POST HEAVY BONDS Alleged Automobile Thieves Put Up Large Amount For Freedom Bridgeport, Jan. 13.—Harold and Nathan Goldy, brothers, are otit on bonds today following posting of $14.- 500 in cash and $16,500 in real es- tate collateral to Becure their release from the county jail where they were locked up following their arrest Wed- nesday night on charges of being im- plicated in the sale in Connecticut of automobiles al- leged by state police to have been stolen in New/York. Moe Friedo{l who was arrested last night technically charged with breach of the peace in connection with the alleged theft of three automobiles, was arralgned in thesgity court today and his case continued until January 20 under bonds of $3,000. It happens more frequently that | nice things are said about “Herald” classified ads, than there are com- | plaints registered. Real Estate Man Alleged to Have for the appointment with the man in 850 STANLEY WORK3 50 NORTH & J UDD 80 AMERICAN HARDWARE JUDD & CO. Members New York Stock Exchange MFEMBERS HARTFORD STOCK EXCHANGE HARTFORD: Hartford-Conn, Trust Bidg, Tel 3-6320 NEW BRITAIN; 23 West Maln St.. Telephone 1816 We Offer: RUSSELL MFG. CO. STOCK 'To Yield NEW BRITAIN Telephone 2580 Members Hartford Stock Exchange Donald ‘We Do Not Accept JOHN P. Waterbury Danbury Middletown Direct Private Wire to PRIEST GETS THREAT Clergyman Alleged K. K. K. Letter Threaten- ing to Burn Down Church. Woonsocket, R. I, Jan. 13.—The police and post office authorities were asked today to ivestigate the sending through the mails of four letters all signed with the initials “K. K. K." in red ink. One addressed to Rev. Ed- ward O'Donnell, pastor of the Sacred Heart church, contained a threat to burn the church. Another threaten- ed the lives of State Senator Patrick J. Cox and his daughter. The other two letters asserted that homes and stores of a druggist and a marketman in this city would be burned. Woonsocket, R. I, Gets NOT QUITE OBSCURED. Harvard Astronomers Find Venus Not As Expected Cambridge, Jan. 13.—Venus and the moon crossed paths in the skies today but not as announced by as- tronomers. Like the lady of the Heavens that she is, the planet ap- peared in almost her finest splendor the moon, but she was a little late and would not allow herself to be en- tirely obscured. Instead, astronom- ers at the Harvard observatory said, she slipped past the moon, never en- tirely hiding her finery. The observ- ers said the brilliant disc of Venus barely shaved the upper horn of the moon. WEATHER REFORT Fair and Cold Tonight—Cloudy and Warm Tomorrow. For Connecticut: Fair and cold to- night; Sunday partly cloudy and warmer, diminishing northwest winds. Conditions: The disturbance which passed over Connecticut yesterday morning increased in intensity as it moved out to sea and is now a severe storm central over Nova Scotia. It is followed by an area of high pres- sure which 1is producing pleasant weather in nearly all districts east of the Rocky mountains. Conditions favor for this vicinity fair weather and not much change in temperature. WEATHER OUTLOOK Washington, Jan. 13.—Weather outlock for the week beginning Mon- day in north and middle Atlantic states: Cloudy and warmer with rains and snows at beginning: generall fair thereafter until Thursday or Fri- day whon snows and rains are again probable; colder after Tuesday. —— | PRO PASSES Newman G."Provost of Pleasant| street, associated with B. C. Porter/ Sons, undertakers, today was notified | by the state board of examiners that| he has passed the examinations fof a licensed embalmer. | STATE MILITARY ORDERS Hartford, Jan. 13.—Military orders today promoted 2nd. Lieut. Joseph 1. Lawton, infantry to 1st. Lieut. vize| Petrofsky resigned, with assignment to | Co. B 160th infantry, as heretofore. | New'Britain Natioual Bapk Bllg. 8.80% Hartford 10 Cuntral Row Telephone 3-4141 Members New York Btock Ezchange Hart, Mgr. 50 Shares NORTH & JUDD 50 Shares LANDERS, FRARY & CLARK 50 Shares AMERICAN HARDWARE 50 Shares STANLEY WORKS COMMON Margin Accounts, KEOGH Member Consolidated Stock Exchauge of New York STOCKS BONDS New York and Boston G. F. GROFF, Mgr.—~Room 3509, N. B. Nat'l Back Bldg.—Tel. 1013 ANNUAL REPORT Swedish Lutheran Gives $3,000 a Year Charities — Cl_mrch Property Worth $115,000. to Three thousand dollars was con- tributed to benevolences during the year of 1922 by the Swedish Lutheran church, according to the annual re- port made last evening. The total re- ceipts for the year were $11,846 and disbursements were $11,332. A total of $18,000 was raised in pledges for the support of Upsala college, at Ken- nilworth, N. J. The total property value of the church is $115,185. Officers were elected as follows: Secretary, Eric Carlson; deacons, Sol- oman Ringquist, Joseph Anderson and Andrew Berlin; trustees, John Abra- hamson, Alexander Bjorkman and Frank Rybeck. Sexton, John A. Kall- berg; ushers, David Ahigren, Harold Seeburg, Paul Presen, Edwin Lund- quist, Raymond Carlson, George Root, Theodore Johnson, Joel Resen, and Gustave Ahlquist, Jr. SCHOOL NEARS COMPLETION $30,000 Brick Structure at Newinge ton Junction Will Be Ready ¢or Pupils This Month. So nearly completed is the new $30,000 school house at Newington that schoql officials there feel confi- dent that children will be able to move in by the latter part of this month. The building is completed with the exeeption of some interior finishings, final touches on the varnish, etc. A few seats are being installed and more will be placed next week. The building is a one story brick and has four rooms. Three of these will be put into use at once. Two of them will be regular elementary school rooms and one will be an “op- portunity room,” where children who go ahead more rapidly, or more slowly than the average will be given ine dividual instruction. The school stands at Newington Junction, elose to the rafiroad station. INCREASE IN PNEUMONIA State Board of Health Shows That There Has Been More of This Dis- easc This Year Than Last. Hartford, Jan. 13.<This week's re- port on preventable diseases in the state up to January Sth, issued by the state department of health, shows an increase in pneumonia as compared with the same period in 1820 and 1021, Influenza showed an increase in December and the report empha- sizes that persons with colds should |avold coughing or sneezing near oth- er persons. Lobar pneumonia is a communicable disease and over 30 per cent of the cases end fatally it was etated. o “Herald” classified ads represent New Britain's bargain counter trans- ported 10 the BOMO, ol R —