New Britain Herald Newspaper, June 5, 1924, Page 15

FOREIGN TRADE AXD HOW T0 SECURE IT Official of Erie Road Says Co- ordinated Effort Is Needed June 5.-—Tha and removal of the and ocean car- Boston, slipshod ordinated effort of rail s are needed for the development f this country's foreign trade, T, Powell, vice-president of the I road, declared at today ssion of the National Foreign Trade Coun- cil convention. “American shippers and produccrs ced a thorough, regular and per nanent service from interior points to oreign destinations,” Mr. Powell said, “and they will not proceed until they are assured of it. X X X Unless therc is clear thinking by congress and cinment departments il e tinue to suffer from slipshod legisl tion. We nced the cancellation of all punitive laws tinst our shipping and foreign commerce, and the insti- tution in their place of a scheme for unified action.” A report by a legislation" co- e rie a special committes presented earlier in the day, recom- mended a privately owned and oper- ated merchant marine and the extend- ed investment of American abroad., The. floating of foreign loans tor the internal development of for cign countries through the use American products was proposed I'ranklin Remington of New York as ted opportunity for joining with Great Britain as the world's banker.” The executive ing today selected Se for next year's convention. ‘a neglee me place committce at a atile as the CONSPIRACY SEEN, BROOKHART SAYS Accuses Daugherty’s Office of Grooked Dealings June b.=The evidence Washington, given in the Daugherly investigation was reviewed today in’ another heated the senate, during which Brookhart of the in declared the yond a conspiracy the department debate in Chatrman galing committes mony had shown the cxistence of a tect criminals in instice iting of Jess Smith torney-Gener Brookhart said the men of agiinst esti testi doubt to pro of the carcer in ifidant of former At Daugherty, Scnator relutionship of the was =0 close t testimony Mr. Daugherty himself Although neither was a man of wealth continued, the evidence showed their expenses in Washington amonnted 1o *upwards $50,000 a W that when two Wt Cevery word becomes evidence of Smith left a substan he committed year,” n tinl estate sui declarations of the by democratic and it was report committee the chafrma cconded Ashipst member of the indicated that committes signed by three of the five men vercly eriticizing the mer attorney general, both for fieial acts and for his refusal to tes tify was in course of preparation CALL HERRIOTT, MILLERANE TOLD ore Arizona, a committee, and s for his of French Politicians Want Him fo! Form Cabinet President B the Asso Parig, June 5. Millerand this afternoon began consultations re garding the formation of a cabinet to that Poincare discussing the situation to some length with Gaston Domergue, president the senate, on leaving Fiyeee palace, declared he had advis ed the chfef executive to summon Edonard Herriot, leader of the radical patty and outstanding figure in (he majority of the left Paul chamber of deputic M. Millerand, decl had advised the pre M. Herriot ceeed of Raymond whe, ainleve, president the who alse red that he ident to send for Lightning Strikes Barn (Epecial to the Herald.) Eouthington, June 5—A bar by Joseph @orski of West was steick by tning last 45 o'clock and was totally de- stroyed by fire lowed 1t bolt. ®hertly after the lightning had struck the buildigg, an explosion oc curréfl and it is thought that a gaso ine tank on an automobile in the barn exploded. The chemical partment was cal hefore the company the place, the barn sumed. A was in when the lightning striek Gorski was able to lcad the The damage is estimated 0 which is covered by ineur- own cd street night about 7 squad of the fire ed to the conld had the de hut the reac heen building but Mr. bovine at h cow luA.l! \Tll)\\ \nlh ington, June 5.— Prohibitio regulations granting authority v re- fuse withdrawals of alcohol for use in ndustries pending an actual revoca tion of an industrial alcohol permit were declared void today by the dis- trict of Columbia supreme court. It heM the regulation contrary to the law ROCKEFELLER GIVES $500.000 Montreal, June 5.— feller foundation to the medical fac ulty of McGill university was made today, at a meeting of the board of governors of the university. capital | of | byg Washington | Senator | Announcement | of & gift of $500,060 from the Rocke- | \I W B NEW NURSEY' HOME (TAX 1S I]AMPAI[iN "UP AT BANSFIELD. 1SSUE IS ACCEPTED ,.ludge Marvin Explains Plans for Sramr Simmons ~ Picks Up & ’ $200,000 Structure | President’s Challenge | } Hartford, Waldo Mar commission of June 5.—President ge's recent statement that the income tax rates wounld throttle s initiative and new enterprises similar de ns by Seeretary m, sharply denied by Sena- king democrat of the | who asserted that | showed that the the scerctary were Judge L. P.| ing the pr of the the Mansfield training feeble minded appeared |before the state board of control to- day and explained the plans the news nurses’ home at the institution and for the general sembly appropriated $200,000 at the last ses- Jug Marvin said the sion expected to build the home for $190,000 therehy saving $10,000 of the | T appropria The ap- proved The board decided to set sum of $1,000 to meet the of the psychopathie hospital eommis- sion and in m ng (in regard to the need of suc stitution, The der an 1. The the first | sion. His Winternitz, m June 5, sident Cooli new bu, school for the and larati M tor Simm were , ra mitte figurc and which as President wron s10n. commis- that » tax free sccurities and claiming the that the income X rates he had writ- expe s|ien into the bill would actually rele more money to industry than the Mel- plan. nons accused ident ¢ con- through the, revisi rming the ment would rush “hogy inves- plans wers tors only a stoutly | 1side Senator Sit lge of bitierness over the de- Iministration program. mpalgn issue wot hailed with gladness by the deme the senator said, broadly intimating that congress was sure it Haven, for reflected the wishes of the country of Norwalk, when it amended the tax bill at it did, London and Business Relieved, Walsh Says. Without making a direct 1sion to president’s statement, of Masachusetts, democrat, i cour h today resented s had done little nothing to relic business and Ith of the crushing war taxation He declared that on the other hand changes since the law of 1915 had saved $424,800,000 to individual sur- tax payers porations §1 doubt i e in such following 3 ductions said, The pre nator investigation lon h an in- 're an yolic iwcking at Tax d un of of commission was appoipted the session Paul Wat ¢ of the commis were Dr, M, Dr. mem act late rman be rats, a8s0¢ s W w Cavanan corge Harvey John h 8. Palmer of New I’. Bisscli of Ridgefield el the Cl ty Items Walsh the of a spee charges that congre or ve weg Mrs, Mass,, Alonzo f Worce daughter Richardson visiting her s of Wilcox Noble, « William Noble will spend t end in Waterbury, visit o ster, is Alr Miss Veronica Chief and Mrs, Harrison street, coming week |ing friends. | Daughters horn Britain gencral hospital today to and Mrs. Fred R. Bloon street and Mr. and Mrs, | dall of Meadow street, Berlin £ A daughter was horn to Mr. and | It Mrs. Harold Leonnard of 40 Orange Strenuous effor street at the New Rritain gencral hog. 'on plan, that what res fuly pital yesterday There will be-e at its emphatic repudiation by the whist committec representatives of the people in both apter, hranch e But it was c not to be expected that the president the signing of the bill an quasi-politieal speech d attempt to justity Me eme by upon the congress, sident and see it hard that their pet and a demo- a republican avenuc ughter and ny has ever rt period of time such substantial record country has sho W re- he New Mr, Hart Arthur Cran B were at the as this shows,” of 18 stdent and Mr. Simme Mellon,” said “evidently die hard. after their in behalf of the Mel- they would he some- not to say humiliated, to he expected, me of the Rritain ting New s of the cor Connecticut s, Women, \ 1 tomorrow eve at A would make | o'clock oceasion [ Charie confined hospital Mrs, Ar troet is hospital, re for appendic H to rtman the and an i credited salt this di indirec “Manife itain g retary of the tr rom an operation | to endure the itis, «n had been plan submitte General lon sc Madison the pre STy thought ected 1 by in the 1 coveriy in gencra found | re - ratic MARGENTINO VS ovLcorr Margentino H An “Exhibition of Chagrin® sident’s s me dvances or facts, 1t is clever recapi propa the Mellon plan. Ry led a some iibition of disappoint and by others as & o hoth fuit galnst whicl today of George arles Ol pre e " ott for eduled arguments viroit and th overworked for the tried the morning The automobile accident court court is the result of in which Mar involved on MeDonough repres G. Woods will be in ety | fulatic Bandu In vor o many it will Were | what )mm ul ex and’ ont ,v,.,y s “14 n of w suit an i be rega as gentino and Oleott Pebroary 23, Dunn nt the plaintiff and the defendant, political moy play Joseph it the st have fore emanated from Mr, Mellon, ement of the president consists al statement based Both ecarefully of the evidence assumptions are ts which CIrY AVENUE Hmr Norman struck street by an Herbert " boy e noy of City morning bile Joyee this anton of was on driven ANy which statement their er ni upon ported the ing that the n, aceldent to th hoy had stepp and the ace ba LUAVES HOSPITAL son of Mr Owen, of Maple Newingtom, who was injured yesterday morning when an automo- in which his mother was driving him to. school crashed Into a tree on to 1 " game was hf Last Main was released from W1 the out. the New Britain General hospital this M surprises of | Afternoon. The boy was thrown from the machine, landing on his head, He was to the hospital | ex showed that riicial injuric OWEN BOY of his machir nnavoidable " 49, bert SWISS IN FINALS und final Olympic ion today by defeating " ed for the | Sweden ighyg plete with come one of th the tournament w taken minatior he had re. ived sup: Phllanthroplst A Washington tion providing for a congresstonal ine | vestigation of the Northern Paclfie |[4and grant controversy was signed to day by President Coolidge and a joint committee of the 'l house | organized the in quiry during the coming summer. | y SUsper March 4 of further land pate Pacifie I Iway e OVES INVESTIGA TH IN resolu s Iine menate will bhe to cond of re lanHnn‘ § 1he s 1o the company | 1 and |a s unti issnance Northern RREWSTER DECLINES OFFICE L M. Brew signed to comr 169th in fantry this ¢ e (o Walter O, Cook cept the Mr. By -,m[ | will be director o * Fresh Air| camp this summer ‘ iptain 1 not to ae MAY HEAD COURT. gh Kennedy, Irish Free t and his and it is ex- | appointed pres- ile supreme court. Braths Torro nt s yrro of 4 Auline Julius Torro, Mrs. Ricardi " dird t he 1 o thi ernoc t Burial v M Mr, and in street of his held from | Mary's cem | | tery. I JOSEPH A. HAFILY ‘uncral Director Mr. Paul Robinson. Assistant NEW LOCATION—365 MAIN ST Opposite St. Mary's Church \Tel—Parior 1625-2 Residence—17 Sammer St Tel. 1625 banker and philan- has arrived ndon He ‘ with King will visit Rome Pius. He is the first to the order And it is nill knight route to 1 point FAPIESS YOUR SYMPATHY WiTH e FLOWERS f B3 from £ B ROLLERER'S POSY sHop Terusaler § 7 (auRch st TEL. 885, L cah soe ——————, " " Pope of nator | $2,244,200,000 to cordy of an where an | d an aundi- | RITAIN DAILY HERALD, THURSDAY, JUNE ’ Wall Street Briefs A feeling conservatism is extending \hmuzh all branches of industry as |general business shows more pro- nounced signs of slowing down, National Wholesale Dry Goods asso- ciation review states. A few bright |spots are worthy of consideration, it }nr‘ldl. notably in the volume of re- tail distribution, reports frora some sections indicating that total sales for the first four months of 1924 were Isllplvily ahead of the same period last {year. Improvement is Iooked for with more seasonable weather, | Rumaors that selling of stock for |tax losses was in progress were mini- mized in leading commission houses today. ®ince the federal income tax became effective, investors have heen accustomed to sell in December shares that had depreciated in value during the year in order to establish losses which would be charged against income taxes. Some invest. ors are selling now, it is reported, the theory that the market has touched bottom. Knowiedge of such selling has been disclaimed by brok- ers in a position to know what large owners of stocks are doing. NEED NOT BE ON CAR T0 BE GUILTY Judge Holds Guards Tor Trans- porting Liquor dtratford, June In the first case its Kind tried in this county since | the prohibition law went into effect, Judge Henry Harford in town eourt today held that men accompanying a truckload of beer, even though they |were not in the same machine with the beer might be held gullty of trans- | porting liquor if it could be shown they had formerly been convicted of a similar offense, | He fined Abraham Gerstein and Jack Green of New Haven each $100 and costs and a ten days suspended jafl sentence was imposed. William | Turner of NWm Haven driver of the | truck, was boun® over to the superior court on a charga of transporting liguor, Nolles ware entered in the cases of Morris Greenberg, Tavid Fishman and Joseph Tayter, all eof New Haven. P e— FATAL CROSSING CRASH One Killed, Two Others Injured When Auto Truck is Struck By Train At | Chicopee Today., Chicopee, Mass, June 5,.—One man was instantly killed and twe others injured, one critically, when a large automoblle truek containiug four men was struck by a south bound Boston and Maine passenger train at a tem- porary grade erossing here tod Fog obscured the view and the truck when discovered by Engineer Frank Har. . very of SpingfMeld was partly on the track Joseph Gilbert of Chicopes, chauf- "‘nwr of the truck was Killed, Fred | King of Holyoke suffered possibly fa- tal injuries and Paul Rodery minor hurts. Joseph Spinks jumped to sate- |'\' All were employed by the lLa. | ¥rance Construction Co. of Holyoke, Traffic Expert Favors One-Way Arrangement A survey of the traffio situa®on in this city was made yesterday by I, Post, a traffle engineer employ 1by the American Gos Accumalator |company, and he will turm over & | report on his observations and recom- mendations to Chairman David L. Nair of the eity council ordinance vinmittes in the near future. | engineer investigated conditions the invitation of Chairman Nair. He is reported 10 have been favor- {ably impressed with the working of |the onc-way traffic system around Central parl, after he had observed Yit from all points. He suggested that the traffic policemen in front of the |eity hall and at the Natienal bank |eonld be climinated excepting during the rish hours if the one-way system was made permanent. He looked over the situation at Webster Hill, for which Alderman | Dehm recommended one way traffie | direction, and which afiic committee voted for at the Tuesday night. He did a, saying that by mark- pavement at the intersection ger would be eliminated. e |also ealicd attention to the difficult turn at Rockwell avenue and Arch street that machines wonld be foreed 'l\ make if there were one-way traf. flc on the il Accompanying the | Chairman Nair on the | were Chief Willlam C. Hart of the | polies department, David 1. Dunn, chairman of the police commission |ers, and Councilmen Arthur N. Ruth |ertord.and Thure Bengtson, members {of the dinance committee, at in an vas the tr meeting not ing the the da engineer and inspection trip TRUNK RIFLED OF 8175 Thett of 3175 from a trunk in her home ported 1o the police last night by Mrs. Emma Salencky of 22 | Webster Hill. She said that a key had been used 1o open the trunk, but could give the police no clue as to the |identity of the thief. Nl n Ry "rl' LS. Ga Tex ne | H. Nilson of Galveston, and 18 mem- bers of the crew of the Nicaraguan motor ship Whipple, are being held at Vera Cruz by the Maxican authorities for alleged “mixing with the rebels” ft became known here todas De- mands for the release of the Whipple and her ctew have been made by the | state department, it is reported. Flowers Travel Fly, Engiand — A red and green flower that may bs seen to crawl | along the ground for a distance of 10 feet, blooming for {two weeks and turning 16 a pale yellow befors it has been grown by James Cut- an Ely gardener. Moonlight is |«aid to be particularly favorable to the growth ef the flower, the ! on | G| The | 1924, (WALL STREET STOGK New York, June 5.—Walil stroet With speculative sentiment divided at the opening of today's stock market, pricea followed an irregular ecourse, Oil shares were heavy on the an- nouncement of a further increase in | ernde production but support was evident for some reprasentative indus trials, ineluding 1. 8. Steel and Amer- ican Can which epened slightly high er. Changes generally were restrict. ed to narrow fractions, with Atlantie | Refe. and Royal Duteh, however dropping about a point Noon: tability of railroad shares and heaviness of mest other stocks were contrasting features of the morn- Accumulation of Southern Rail- carrying it up 1 3-4 to a new [top pnice at 58 screngthened other southern and southwestern issnes, | Mizsouri Pacific preferred went to a new 1924 high level at 44 1-2. West ! Penn Pewer supplanted American Water Works as the leader of the public utility group, soaring more than 6 points to the year's best price at { €5, With the prices of raw and re- fined sugar at new low levels for the vear, small offerings were effective in lowering these shares, as well as some | of the tobaccos and oils, curtailment of production by U. 8. Rubber com- pany subsidiaries accounted for the weakness of these shares. Soo pre- ferred moved counter to the general railroad trend, dropping 8 points to {55, a 1924 low, and Kresge yielded 10 points to 330. 1:30 p. m.—Low prieed railroad shares continued to move independ- ently of the general list, the Eries spurting upward in the afternoon as did Pere Marquette, Pittsburgh & West Virginia, Texas & Pacific and i\\'nhnh preferred A. Porto Rican Tobacco, which had not been dealt in | for over three months, sold at 50, a drop of 20 points and a low figure for the year. Stock prices parsued an irregular frend today, as the depression in cer- tain Industries outweighed the de. mand for railroad shares A market factor. Many southerm and south- western rail stocks sold at the year's | highest prices, but oil and sugar is- !sues touched new low levels on price cutting of these commoditien Bales Approxima 600,000 shares, The closing was irregular. Sugar shares wera hammered down with the drop In raw and refined prices to the lowest point In two years Sugar preferred fell 5 points to 82, a new 1924 low. West Penn Power ex- |tended its gain almost 10 points to |65, and MissourigPacifie preforred w 2 points higher, [ way, Low EA) 1038 158 1014 618 i, 5 1268 143% Mose 38 108% 158 7214 Mgh “Am Rt Rug 3t ! Can . Am Cr & Fay | Loen saes e & Re | S N em Sum Ton Wl T | Ton Wonl Ana Cop . Ate Tp & 8 ¥ AL GIf & W 1 Nald Loco Naki & Ohis Iteth Steal B Con Textile “an Pacifie Cen Leath %o Ches & Ohle h M & 8 p Chi Rk 1 & P Chile Cop Chine Cop Con Gaa ( ( ( ‘orn Prod Rf .. 254 ‘rue Ktesl e “uba Cane Bumer 121 Erie .., 27 % o 18t pld 2, Gen Elactrie 2191y Gen Motors 121y | Gt North pra 5% Int Mer Mar " Int Mer Mar prd Allis-Chalmers Pacifie Of Int Nickel Int Papsr Kelly Spring Tr Kenneeott Cop Lehigh Val Mid States O Mis Pac N Y (en NYNH&H Norf & West North Pae Pure Of 'an Am P & Penn R R Ray Con Cap Reading Nep 1 & & Royal DN ¥ Sinclair Ol Reof [ South Pacife South Rail Studebaker Oo 1314 Texas Co EU Texan & Pacific 8 Tobacen Prod 8y Transcon Ol ] Union Parcific .. 120 United Fruit 190 U 8 Indus Alco 65 1" 8 Rubber Co 5 1 1 138, 2", "y ETEA ] & Steel 081y tah Copper (2] Willys Overiand 5 Westinghouse LOCAL STOCK QUOTATIONS (Putnam & Co.) Astna Life Ins. Co. Pm Hardvare Am Hosiery Bige-H#d Cpt Co Billings & fprncer com Billings & Spencer prd Bristol Brass Colt's Arms Conn 1t & Pew prd Eagle 1.ock Fafnir Bearing Co. Hart & Cooley Hf4 Eiee Light landers, ¥ J. .. Montgomery com J. R. Montgomery prd N. B. Gas N. B. Machine N. B. Machine pfd Nfes-Be-Pond com North & Jyad Peck, Mowe & Wil Tusest! M1g. Co. Seovill Mfg. Co. Routhern N, E Mandard Screw Stantey Works Stantey Works pfd .. Torrington Co. com .. Traut & Hine Tel. EXCHANGE REPORTS American | | ture, PUTNAM & CO. Members New York Stock Exchange Members Hartford Stock Exchange 41 West Main St Tel. 2040 We Ufl;'r:—- 50 Aetna Life 50 National Fire JUDD & COMPANY Members New York Stock Exchange Members Hartford Stock Exchange HARTIORD-CONN, TRUST CO. BLDG., TEL. 2-6381 Burritt Hotel Bldg., Tel. 1813 Lander.s, Frary & Clark rporated 1853 in Connecticut. 4u|nu.|| Stoek Outstanding $10,500,000, Divide per annum plus extras, re w wide variety of electric household u nm:hmun—n!n(lln washers, vacuum cleaners, percolators, table and pocket cut- lery, A% are manufactured by The reason for this is the toward apartment i had a wotemorthy effect om 1923 operations and should follow through inte future years. We recommend the stock for investment, Priee on application, Thomson, Tfenn & CLo. Burritt Hotel Bldg., New Britain Tel. 2580 MEMBERS NEW YORK AND HARTFORD STOUK EXCHANGES Donald R. Hart. Mgr. WE OFFER: Stanley Works, Hart & Cooley and Fafnir Bearing Price on Application We do not accept margin accoun JOHN P. KEOGH Members Consolidated Stock Exchange of New York STOCKS Bridgeport BONDS New Haven Direct Private Wire to New York . GROFF, Mgr.—~Room 509, N. B, Nat'l Bank Bldg.—Tel { Waterbury Danbury Middletown EDDY BROTHERS & @ HARTFORD NEW BRITAIN Hartford Conn. Trust Bidg. Burritt Hotel Bldg. Te 2:718 Tel. 3420 ‘e Offer: 20 Shares STANDARD SCREW CORP. 50 Shares AMERICAN HARDWARE 100 Shares COLTS. The American Mortgage & Discount Corp. RESOURCES OVEIR $2.200.000 HOME OFFICE: WHEELING, WEST VIRGINIA, 25 West 45rd Street Franklin Trust Butlding Union Bank Building: New York Philadelphia, Pa, Pittshurgh, Pa. 407 Booth Block 588 Hroad St New Britain, Conn, Newadk, N J. OFFLERING 10 YEAR FIRST MORTGAGE COLLATERAL TRUST § BONIT Pue Suty 2, 1083 A DIRLCT OBLIGATION Divect Obligation of The Ameriean Mortgage & ration with s of over 82 tn additien, sccured at all times by the dep with The Citizens. ny (as trustee) of First Mortgames, 20% or more value of the outstanding bonds % GOLD Pated July 2, 1923 These Discount Corpo these bonds ar Mutual Trust Con In excess of the honds These Bonds afford a gafer investment than individual First Mortgages 1 only by one property because they are equally se. number of Mortgages on different properties in various First Morigages of comparatively small amounts on many ties furnish a distribution of risk which cannot be attained in or Bonds secur cured by a ocations, proper any gther way DENOMINATIONS o and gh our K100 “Invest-s $1.000 ought for cash or t est paid on month he payments as low as New Britain 3045 Traevelr Mrg Union Yale Foreign Exchange & S TREASURY STATEMENT Treasury balance, $190,243,060 l New York, ¢ changes steady Jones Goes Well But Is Great Topped l“ Threc Players | #51%: 60-day bilis on banks $26%. the Asso France: demand cabled 5.03, Detroft, 1 Uv. § June §.—~Foreign ox- Quotatic demand 431 ne in conts: | Britain cables . Bobby Jon flitesy: demand €.33%; cables $.34%. Atianta, defending his title 38 D8°1 g g0m: demand 4:40; cables .41 tional open champion, at the Oakiand | & Hills Country club, today scored 74 in | Germany: demand (per trillion) 23 the first round, but was topped by | Holland: demand $7.37. Norway: de- three players. Bill Mehihorn, 8L, mand 15.65. Sweden: demand 26.50. Louis, led the ficld at that time with | Denmark: demand 16.80%. Switzer- a par 72, while Dave Robertson, 1e- | jand: demand 17 Spain: demand troit, and Eddie Loos, Chicage, were | 13.45. Greece: demand 1.50. Poland: nest with 73 each | demand 000012, Czecho-Siovakia: de. —— |mand 2.91%. Jugosiavia demand Explode Mclinite < 11.20%. Austria: demand .0014%. Paris—For the purpose of studying Rumania demand 43. Argentina: sound transmission, a group of prom- | demand 32.62. Brazil: demand 10.70, French acientiste are preparing | Tokio: demand 40%. Montreal 98%, to explode 10 tans of inite on the | plateau near Limoges in the near fu- inent Dull eyes may ba due 15 indigese tion, late hours or too much reading.