New Britain Herald Newspaper, April 19, 1924, Page 15

STIFF COMPETITION IN SOUTH AMERICA F. H. Johnston Says Europeans Outsell American Manulacturers New Britain factorjes as well as other American industries are hav- ing difficulty in competing for trade in South America because of the lower cost of producing German- made goods, according to observa- tions made by FKrank H. Johnston who, with Mrs. Johnston and Miss Agnes Johnston, have just returned from a trip to South America. Mr. Johnston, who is a member of the United States chamber of com- | werce and who recently made a tour of Europe as a delegate to the in- «rnational chamber of commerce sessions in Rome, has had as exten- sive an opoprtunity to study world conditions as any one. His tour of Europe last year as the guest of w rious industrial commissions in the; respective countries, his study of con- ditions in America through his state and national chamber of commerce connections stood him in good stead on his South American visit. While in Buenos Aires and again at Rio de Janeiro he was requested tp address the members of the American clubs at their monthly meetings. The travelers left New Britain on January 26 and have just returned. They were 20 days getting to South America, the fi stop being at Bridgetown, Barbadoes, an Inglish island. The population of «this island consists of about 85 per cent negroes, and the shiftless manner of living makes it seem to travelers almost hopeless to expect them ever to edu- cate themselves or show any ambi- tion beyond the point of lazy indif- ferenc This island is the first stop on the lane from Europe to South America and is a coaling station for vessels. Tt is the place where English vessels leave their liquor cargoes when bound for United States, but no evi- dence of its being a source of boot- leg liquor was not Because of the United Sta migration laws, according M. Johuston’s investigations, Routh America is rapidly becoming a coun- try of mixed population and in 1920 Argentina had within 100,000 as many Itallans as she had Spaniards and natives, making an extremely large Ttalian representation with the accompanying Italian financial in- terests, to ases the financial and in the country is in nglish, Mr, John- In many ¢ dustrial control of the hands of the I ston learned. 'There are over two million acres of g ng land and most of it is owned by Spaniards who Inck Initlative in business and thus most of the financial interests fall into the hands of Kuglish capitalists, The English own the rallroads, trame- ways, grazing and Jumber as well as many other interests, “There no chance for American capital get a strong foothold in South AMerica unless we adopt the | same methods as the English,” said the traveler. “The English method is to grant long time loans at a small rate of interest to the government | for concessions and fganchises, with | the Mtipulation that this money be | |used for the purchase of English | machinery, tools, ete, | “Shortly after the war American banking interests 75 banks in South’ America. |mine of them remain today. | “However, the entire automobile | | industry of Souti America is in the hands of American producers and | | developers. Henry Ford has an as- | sembling plant at Buenos Afres where |he turns out 150 cars every day. The American interests have charge lof the great refrigerating plants, in- | cluding the stock yard interests, and | such concerns as Swift, Armour, Wil- | !son and Co. ship from Buenos Aires | {nlone 12,000 head of cattle, 4,000 {head of hogs and the same number of sheep to Europe every day. | The typewriter industry is econ- | |trolled by American manufacturers to |a large extent, the leading makes | | being the Underwood, Royal and temington, In the Argenine republic | New Britain products do not seem to {have a very large future because of the difficulties in competing with the | cheaper type of German made goods. | A tremendous amount of German | made goods is being shipped into the | country and aithough that country | has a protective tariff which is high, |the comparative cost of production makes the American product much | more expensive than the German ar- ticle, ~ Because of this condition an ad- vertising campaign is being waged in Argentine to educate people to buy | goods by quality rather than because they are cheap, the American goods being far ahead of the German pro- duct in cuality, Th Mr. Johnston seems to be the only | hope for American goods. In stores in Brazil the Stanley Works products seemed to be the best known. TFrench silverware and elec- trical products and English cuttlery seemed to predominate, Quite a number of Corbin o & Towne advertisements seen, The department of commerce in the | United, States under the direction of Secretary Herbert Hoover is making tremendons efforts to enlarge the con- sumption of American goods in South Ameriea and in Buenos Aires there is an American trade commissioner, who is said to be one of the most influen- | tial men in the country, His name Is George I, Brady, he {5 a native of Danbury, Connecticut, and is mar- | ried to a Bridgeport woman., A culiar eoincidence and one to which [the travelers owe much conrtesy dur- ing their visit to ffat city was the discovery that Mr. Brady was a Yale aduate and member as Donglas A. Johnston, son of Mr, and Mrs. Johuston, Another liscovery was the fact that U, 8, Am- ssador Riddle to Argentine was a man from Farmington certain opened Only | | and were pe- STATEMENT BEING PREPARED Washinfton, April 19.—Steps are being taken here to clarify the intent of the recent Japanese protest against the exclusion features of the immigra- tion bill, A formal announcement | probably will be made at the state de. partmept within the next hours, ording to | l ‘_-. [ ¥. W. C. A. NOTES | |7 Activities will open at the Y. W. C. A. on Tuesday, April 29. The pool will open from 4 to 6 o'clock for the Jjuniors and from 6 to 9 for the sen- |iors. Swimming classes will reopen on Wednesday and Friday evenings, April 30 and May 2. The millinery class, which was to have opened this week, will open nexs Thursday at 7:30 o'clock. The dress- making class will meet as usual on Monday evening from 7 to 9. Both of the classes have room members, GETS HIS J0B BACK Secretary Weeks Restores Daugherty Prohe Witness Dismissed Because of His Testifying. Washington, April 19.—Thomas F. | Lane, auditor and legal adviser for the army air service, who testified re- cently before the senate Daugherty committee, that he had been dismiss- ed because he refused to stay away from the committee, will be continued in office by direction of Secretary Weeks, and given an opportunity to | defend himself against charges of in- subordination, Mr. Weeks decided on this course | of action after recommendation that he dismiss Lane had been made by air service officials. The executive order under which the auditor was ved expires May 1, however, and pected that his services will be automatically terminated at that time, THAW MAKES PLANS Consults With I.nw)rp About His De- fense Which Is To Be Resumed Neat Monday, Philadelphia, April 19.—Harry K. Thaw conferred today with his coun- sel former Judge John M, Patterson |on plans of action when his sanity trial is resumed on Monday. Thaw left the Pennsylvania hospital for mental ‘and nervous diseases car- rying a huge sheaf of notes and books |of testimony. After an hour's con- | ference Thaw walked to the hotel where his mother is stayving. | verything looks good so far,” he remarked, as he entered, | Evelyn Neshit, Thaw's divorced wife | Whose 13 year old son has been per- mitted to intervene in the trial also conferred with her counsel Wm, A, Gray and Arthur G. Dicksen, attor- s for the trustees of Thaw's estate, Mr, Gray Indicated a disposition not fo permit Miss Nesbit to testify, 1Ile safd “only very eonvineing argnment by the opposition alienists” would cause him to change his mind, ne IRICAN New York, April 19.The engage- ment in is of Mra, George J. Gould Jr., forme: Laura Carter of Phila- delphia and Carlos Oritz Basualdo, son of a wealthy Argentine planter, was reported today in a Parls dispatch to ! the New York Sun. They will marry !late this summer, FRIEND OF YOURS may be making plans for en- larging the scope of his husiness necessitating, perhaps, enlar ged banking facilities. A suggestion from you to any friend of yours that this Bank is always looking for opportunities to extend its usefulness may put him in the way of the solution of one of his problems. The fact that our present depositors are constantly introducing friends and acquaintances here gives us daily evidence that our efforts to develop helpful rela- tions with our clients meet: with their approval. We Wish You Easter Greetings for new | GERMAN GOVT. 1S ROUNDLY SCORED Nationalists Leaders Object to | Dawes’ Reparations Plans By The Assoclated Press | Berlin, April 19.—Goaded by the | baiting of the nationalist leaders who are already making a united attack on the Marx-Stresemann government for its acceptance of the experts’ re. port as a basis for reparation parleys, Tloreign Minister Stresemann went be. fore a conference of German editors today and informed them that the German government was hurrying | plans for the impending discussion, | It would submit the date requested by | the reparation commission at the ear- | liest possible date, he said. As the report of the experts has | been accepted by Germany in all its | fundamentals there could be no ad- | vance discussion over any specific d | tail, Dr. Stresemann told the editors, He declared that the problem would have to be definitely clarified befo: | June 15, to which date the “Micum agreement between the industrialists |and the Franco-Belgian administra- {tion in the Ruhr had been extended. Dr. Stresemann criticised the attack made on the experts' report made by Dr. Karl Helffrich, the nationalist | 1eader, designating it as misleading nd purely political, The foreign min- ister expressed beliet that certain de- | tails of the plan to which the gov- ernment’s opponerts now were taking exceptions would be worked out in the general discussion of the complete recommendations of the experts, He pointed out, however, that the ultimate approval of the reichstag | would be necessary for the transfer of the federal railwey system, inas- | much as its conversion into a hypothe. | cated trust would involve a constitu- | tional amendment, SPECIAL SPEAKERS HERE | Near Kast Rellef Drive to Be Lau i | ehed in Churches April 27—Eight Addresses Scheduled, | Special speakers will occupy the | pulpits of many of the New Britain |ehurches on Sunday April 27, in the |interests of a Near East Relief drive. | The speakers and the churches are as | follows: First Baptist church, J. P, Welts, of Elmira, N, Y.; First Church of Christ, Dr. Mark Ward, of Boston; |South Congregational church, Mrs. Jeannette Emrich, of Constantinople; i’l'hn People Church of Christ, Gener- al Mesrop Azgepetian, DPersian gov- {ernment official; Trinity Metrodist church, Mrs. Lillian Ascough, of New | York city; Stanley Memorial church, Miss Eugenia 8, Bumgardner, of Vir. ginla, local representative during the |drive. Greek Orthodox church, Prof.| J. P, Xenides, of New Work -eity; | Congregation Sons of Israel, J, P. | Weits, of Elmira, N, Y, REAL ESTATE TRANSFERS, The following warranty deeds were |filed at the office of the town clerk | this week: 7. J. Smith to Kabriel | Kabian et a), Tremont strest; Helma | Holmquist and Oscar Holmauist to | Bramente and Selferina Aiudi, Bar- | nett street; New Britain Lumber Co. |to Burritt Savings Bank, West Main street; H. T. Bodwell to Stanley Wie- cek, Mansfield avenue; Union Realty Co. to Alma and Eric Westberg, Lin- | wood sireet; Anna and Agnes Buck- ley to Susan and Paul Odler, Austin street; Ierdinand Witzke to Alexan. der and David Rosenweie, Roberts strect; Lena Kozzalka to John Wiat. | er, Farmington avenue; Leonarda and Michele Migona to Liberato and Vin- cenzo Piffieri, Orange street; Charles | Stolz to Edward @Greenstein, Hart- ford avenue; Nettie Rotstein, et al to Mary and Domonick Plerlioni, Cherry street; Tecla and Stanley Vinikaitis to Martin Pae, Connerton |and Olive strects; Sylvester Kowal- | cavk to Teni Perulo, Gilbert street [Mary an Emillo Purgatorio to Mar- | garet and Joseph Purgaratori, Allen | street; Wawryniee and Michael Pia- | seckl to Katarzyna Todzla et al, Alden street; M. 8. and Myer Dunn | to Antonina Dygus, City avenue; Min- | nie L. Sloan to J. M. Finnegan, Lex- | ington street: August Rittnar to Yalo | | Jiffe, Rhoadess treet; Helen Kelly McCabe to Anna Kulas, Brooklawn | street, | | MISS YOUN | ¥Yort Wayne, Ind., April 19.—Some | iImprovement was noted today by phy- | sicians attending Clara Kimball Young, stricken at a performance last | | Tuesday night. She suffered a re-| lapse Jast night and physicians said {an opsration might be necessary for | appendieitis. 1t was said today that| the operation might be avolded. | | ———— | | JUDGE WEBR SINKING. ! | New Haven, April 190.-<Tndge | James H. Webb had lapsed irto al | comatose condition, his physician, Dr. | lluslin, reported this noon. | M | Have You a Savings Pass Book? - The Savings Pass Book is a complete record of your. account, showing every deposit, withdrawal and interest credit. It is also a record of your progress in Saving—and ought to show an in- crease every single month. Let Us Start Such a Book For You " Barritt Mutual Savings Bank Open Safur day Evenings 'NEW BRITAIN DAILY HERALD, SATURDAY, APRIL 19, 1924. WALL STREET STOCK EXCHANGE REPORTS New York, April 9.—Heavy selling | on several specialties unsettled to- day's stock market, sharp reactions taking place in a number of oil, motor and food issues. New were established by several popular | oils, including Standard Oil of New | Jersey, but good support was extended to U. 8. Steel common, Baldwin and American Can, Allied Chemical, IF'am- | ous Players, Chandler Motors, Devisoa | Chemical and U, 8. Cast Iron Pipe | low records | showed marked strength. Yellow Cab | manufacturing broke 9 1-4 points and Atlantic Refining § 1.4, Congoleum, Chicago Yellow cab, Euyamel Fruit and West Penn Power preferred sag- | ged 2 1-2 to 3 points, The closing was | irregular. Sales approximated 375,000 shares, High 9914 Smit & Ref, 605 Sg Ref com 4315 Am Tel & Tel..126% |Am Wool ..... 68 Anaconda Cop . 323 |Ateh T & 8 F..100% Baldwin Loco .112 Balt & Ohio ... 531 | Beth Steel B ., 505 | Consol Textile 4 [Can Pacific ...145% Cen Leather 123 |Ches & Ohio .. 72 Chi Mil & 8§ P. 143 Chi Rock I & P 233 Chile Copper Consol Gas Corn Prod Ref. Cuba Cane Sug. | Erie 1st pfa ... Gen Electric Gen Motors Goodrick BF Gt North pfd Int Mer Mar pt Allis-Cha Pacific 0Oil Int Nickel Int Paper | Kel Spring Tire. Kenn Copper .. Lehigh Valley Mid States Oil.. Mies Pacifie N Y Central. NYNH&H Norf & Weost, North Pacifie National Lead Pure Oil .. Pan AmM P & T, Penn R R Ray Con Cop .. | Reading Rep I & 8 .. Royal D, N ¥ Sipelair Oi1 Ref South Pacifie .. South Rail Studebaker To . | Texas Co Tex & DPacifie.. Tobacco Prod Transcon O ;"mcn Pacifie United Fruit U 8 Indus Alco. U 8 Rubber U 8 Steel Utah Copper I Willys Over Westinghouse Low 98 % 601y 431 126% 658 3213 100 Close 497 6035 43% 1263 Am Can Am Am 1281 23 485 LR 10 537 4% LI 2y TOCAL ni‘m‘x QUOTATIONS (Putnam & Co.) Bid e L L3} Asked Aetna Life Tns Co . bi0 Am Hardware Am Hosiery | Bige-Hfd Cpt Co com . | Rillings & Spencer com . Billings & Spencer pfd Bristol Brass , [Colt's Arms . : [Conn 1t & Pow pfd ., | Bagle Tock | Fafnir Bearing Hart & Cooley Hfd Eleo Light . |Landers, I J. R, Montgomery com . R. Montgomery pfd . B. Gas . B. Machine B. Machine pfd Niles-Be-Pond com |North & Juda . | Peck, Stow & Wil Russell Mrg Co | Beovill Mtg Co | Southern N. E. Tel. |Standard Serew ... | Stanley Works .. | Stanley Works pfd TorMiagton Co com Traut & Hine Travelers Ins. Co., Unioh Mfg Co. w... Yale & Towne .. U. & TREASURY STATEMENT. (April 18, 1924) U. 8, Treasury balance, $419,220,217, Co (April 19, 192¢) U. 8 Treasury balance, $397,931,001. e Foreign Exchange | New York, April 19.—<Foreign ex- changes strong. Quotations in cents: Great Britain: demand 437%; cables 438; 60-day bills on banks 4351 France: demand 6.30 cables 6.321,, Ttaly: demand 4.44 cables 4.45, Belgium: demand 5:42; cables 5.44, Germany: demand per trillion 227 Holland: demand 37.24. Norwa man 13.86. Swe demand Denmark: deroand 16.66. Switzerland demand 17.62%;. Spain: demand 13.96. Greece: demand 1.93, Ppland: demand 000012 Crecho-slovakia demand 2 Jurosiavia demand 1.24 1.4, Austria: demand 00141, Rumania: demand 52! Argentina: demand $3.00. Brazil: demand 11.20 Tokio: demand &0 3-8, Montreal 97 31-32. ARREST RURAL CARHIER. Hartford., April 19.<Mazel ¥ of this city, a rural free delivery car- rier at the Hartford post office. nas #rrested by Depuly V. & Marsha! Al- bert P. Marsh today on & warruit charging emberzisment of porial funds. The awount ramed n the complaint is 356 and was olfained by Gay in the delive of C. O, D. pack- ages for which he failed to make 1e- turns at the poest office. Gay was pregented before U. 8 Comuissioner Frederick 1. Corgett ani pleaded gnilty. He was helg in bonds of 2500 for the 1 Saten dstriet eourt at SBouth Norwalk on Tucsday. Gay PUTNAM & CO. Members New York Stock Exchange Members Hartford Stock Exchange 31 West Main St Tel. 2040 We Offer and Recommend HTFD. ELEC. LIGHT CO. COMMON In addition to the cash dividend of $40.00, the rights attaching to this stock have averaged $10.00 per share per year for many years. JUDD & COMPANY Members New York Stock Ezchange Members Hartford Stock Exehange HARTFORD-CONN, TRUST CO., BLD! TE 2-6285 New Britain: Burritt Hotel Bldg., Tel, 1815 TRADING FACILITIES As members of the New York Stock Exchange and correspondents of Thomson & McKinnon, Stock Exchange Building, New York City, with offices throughout the country, we offer excellent facilities for trading in listed stocks. WSS SERVICL Direct wire ¢ rections to all exchy S ASsure prompt execution of orders. Information is in available on all important happenings affecting valucs and the technical position of the market. Stocks carried on conservative margin, Burritt Hotel Bldg., New Britain Tel. 2580 MEMBERS AEW YORK AND HARTFORD STOCK EXCHANGES Dol R. Hart, Mgr, We offer and recommend :— CONSOLIDATED GAS ELECTRIC LIGHT & POWER CO. of Baltimore, 6';% cumulative preferred at 101 and accrued dividend to yield JOHN P. KEOGH Members Consolidated Stock Exchange of New York Waterbury STOCKS Bridgeport Danbury BONDS N Middletown Dirvect Private Wire to New York G. F. GROFF, Mgr.—Itlouin 309, .N. B, Nat! Bank Bldg.~Tel 1012 Haven EDDY BROTHERS & & NARTFORD NEW BRITAIN Hartford Conn. Trust Blds. Burritt Hotel Bldg. el 27186 Tel. 3420 100 Shares Of Lander Frary And Clark 50 Shares Of Stanley Works 100 Skares Of American Hardware AUSTIN & KRON 407 BOOTH’S BLOCK Phone 3015 7% First Mortgage Bonds The Hartford-Connecticut Trust Comgany Old State House Square, Hartford, Conn. Safe Deposit Boxes, $5.00 and upwards. Foreign Exchange to all parts of the world. LETTERS OF CREDIT — GENERAL BANKING Bank by mail. It is safe and saves time. a division of the contract between the , Iwo conipanies, DISPUTE OVER PAVING FRANCE'S FOREIGN TRADE Hudeon Paving Co. Says Tts Bed Was | Company Vigured At Low Rate of Lschange Shows Favorable Balance Parie, Tower Tha That « Which Received Contract Here, April 19.~France's foreign luring the first quarter of 1924, figured in francs at the low rate of exe chan showed a balance In her fave or of 745,452,000 franca, according to the official statistics of the ministry of finance, available today. The total imports in the first three monthe of this year were 13,150.628 tons, worth 10,2245 francs, a8 with 12,060,610 tons valued 7,000 francs in the same period of 1923, The exports were 8- 579462 tons, worth 10,972,807,000 francs as compared with 6,207,818 tons valued at 6,561,145,000 francs in the first quarter of 1923, M« Panaher interests “ contract signed The Hudson Vaving Co. of riden s retained A J répresent its in troversy involving a by the board of public works and the Nobinson & Powers Co. of Meri- den 1o carry on permancnt pavement repairs. The Hudson Co. claims its bid was 16 conts a square yard lower than that of the I Widder, | but upon an agreement of the Hob- nsen & Powers Co. 1o come down to tie lowest figure it sccured the con- tract. The public works board ex- plains that immediate work was de- sived und ¢ Hudson Co. was not prepared (o start at once, also that the succossiul bidder had done the work before and was satisfactory Mayor PATES - BOWDOIN GAME A. M. Paomessa has interested iimeelf | Lewiston, Muine, April 19 —Batese in the controversy and has suggested | Bow dein pestponed: rain, trade to con