New Britain Herald Newspaper, August 12, 1924, Page 13

NEW RRITAIN DAILY HERAI™ TUESDAY, AUGUS" T 12, 1924, R T A A £ e o e R S e o S i =i STANDS BY LA FOLLETTE Fresident of United Mine Woukers of Mhinois Will Infuence His Folidh g Chicage, Aug 12.—=Fiank Farring ton, président of the Laled Mine Workers of liinols, in a telegram 1o J. M. Nelson, national la Follette manager, and € J. MacGowan, ehair man of the La Follette state executive committee, who made it publie teday declared 1t purpese ta influence his following to support Senater La Fel Iette for president My, Farvington sald he could fnd “anything whieh promises bet terment for the workers” in the na tional republican and democratio platforms Heavy Rainfall Er?nks New York’s Hot Spell New York, A 12, = The long drought and extreme heat in this vi einity was broken today by a heavy rainfall, which up to mid-afternoon had registered 2% inches, Starting before sunrise, the rain came down in A steady pour, soon flooding streets in outlying seetions and causing delay in trolley traffle, Crops on Long Island farms were flooded a consjderahle damage was reported, One man was killed as a result of the storm, He was James J, Leahy, # trainman, who slipped on the wet rails in Astoria and fell against a third rall, dying instantly, OFFICER! not PAY, N Percent \\'Ilhhrlul for Government t Naval Personnel Aug. 12.—Becretury Wilbur announces that he has reached an agrecment with Comp- troller General McCarl, under which not more than 20 percent of navy officers’ pay will be withheld by dis- bursing officers to meet government cluims against naval porsonnel for alleged overpayment of allowances, particalarly for dependents. In- structions to this effect have been glven to naval disbursing officers and the service has been assured by the sccretary that in accepting 80, per- cent of pay due, officers will not prejudice their possible appeals’ for legal determination of the accounts, The agreement gives a new stalus to a controversy as tc the pay of many naval officers which originated during Secretary Denby’s administra- tion. Under the new agreement offi- © may seek legal redr the agrcement being a temporary one to operate untll a test case shall have been carried through. \\'.-mhmul on, CARD OF THANKS We wish to sincerely thank kind neighbors and friends for many kindnesses and the sympathy shown us during our recent bereave- ment in the death of our beloved hus- band and brother, and also for their beautiful floral offerings. We also wish in a special manner to extend our thanks to the B, P, O, of Elks, Fraternal Order of Eagles, Loyal Order of Moose, Court Friendly F. of A., Turner society, Vater John lodge, Eintract lodge, Sons of Herman, Concordia Kranken Vereln and Ger- man Benevolent society, (Signed) Mary Schmarr, Bertha Louise Gunther, Otto Schmarr. our Larson, An Investment that will Grow A true example of the Yale & Towne Growth of an investment in 10 shares of Yale & Towne from 1913 to 1924 Bought Oct. 1913 Jan. 1914 Dec. 1922 30 shs. In Deec. 1922 par value reduced to $25.00 30 shs, $100 par exchanged foi- 120 shs. 25 par. At present prices of $67.00 worth $8,040. this period cash dividends have totaled $2,100. This investment shows an increase of 518% Fuller. Richter Aldrich 8 @ MEMBERS HARTFORD &TOCK EXCHANGE 94 Pearl St., Hartford, Conn. Tel. 2-5261 JESSE MOORE 122 Main Street. Tel. 2080 E. T. BRAINARD, Mgr. their | | as eashier. Personals My. and My M, H. Norton of New Hritaln, whe are altending the con vention of the Knights of Pythias, in Torenta, Canada, are guests during their stay at the hmy Edward hot Bank ( ummlnimm Files Report in Putnam (ase Havtford, Aug. 12.-=Chief Federal Bank Examiner N, 8 Heane today filed with the United States distriet altorney's office a preliminary report on his investigation of the affairs of the First National bank of Putnam and of G, Harold Gilpatrie's accounts The contents of the re- diselosed by Assist, H. Cohen port were not Distriet Attorney Geor FAT CHAUFFEURS COSTLY, | Dispensed With in Germany Hecanse | of High Price of Gasoline, Berlin, Aug, 12.~Fat chaufteurs are not in demand here any longer, owing to the high price of gasoline, There was a time during the inflation | period when every German owner of a private aar took particular pride In having & sleek, roundfaced driver | but nowadays, with gasoline at ap- | proximately 82 per gallon, even the wealthy have seen fit to reduce run. | | ning expenses everywhere possible, Short, slim chauffeurs, ahout the | wize and weight of jockeys, are the ones most in demand, because of the fact that small private ra, of the runahout type, are excoedingly popu- |lar In Germany and a large driver would take up al Ithe seating capa- city, leaving no place for the owner himself. At least ninety por automoblle owners chauffeurs cont of Berlin's | Jhive licensed |\ PLAY POSTPONED, Forest Hills, N, Y., Aug. 12.—~Play iu the national women's tennis cham. | pionships on the courts of the We Side Tennis club at Forest Hills, wi postponed today .hecause of rain, he matches scheduled for today will |} be played tomorrow. | |@ L fraths Joseph Oleva Joseph, the one year old son of Mr, and Mrs, Charles Oleva of 241 High et, died early this morning. l-unnml services were held at 2:30 o'clock this afternoon and interment was in St. Mary's cemetery. JOSEPHA A. HAFFEY Funeral Director Mr. Faul Robinsou. Assistant 3W LOCATION—5365 MAIN §1 Opposite §t. Mary’s Church Tel.—Parior 1625-2 Residence—17 Summer St. Tel. 1625-3 E EXPRESS YOUR SYMPATHY WITH FLOWERS 10 shs, @ 164 5 ghs. Stk. Div. 15 shs. Stk. Div. from H. BOLLERER'S PUSY SHOP TEL. 886. F. %2 CHURCH 8T. I I $1,640 $1,640 During H. P. SPAFARD JOS. M. HALLORAN | R land by Joseph '(l.\' ceremonies, St. Peter's church and Rev, John Fay of Plainville occupied places in the Angelo M, government, Mary's cemetery, at Clty Bank and Trust Co. Conn, River B, Co. First National Bank Htd.-Aetna Nat, Bank Hartford-Conn. Trust Co. Morris Plan of Hartford Park 8t. Trust Co. Phoenix National Bank Riverside Trust Co. Atate Bank & Trust Co. U. 8. Security Trust Co. Astna Firs Automobile Ins. Hartford Fire Insurance Co. Natlonal Fire Insurance Co. Phoenix Fire Ins. Co. Rossia Ins. Co. (25) Aetna Casualty & 8. Co, Aetna Life Conn, General Life First Reinsurance Hartford Steam Boller Travelers Hfd. City G. Lt. Co., pfd. (25) Htd, City G. Lt. Co., Hartford Electric Lt. pfd. Hartford Electric Lt. Bo. N. England Tel. Co. Conn, Lt, & Power American Hardware Cor. (25) Automatic Ref, Co. Bigelow-Htd. Carpet Co., com Billings & Spencer Co., pfd. (25) Blllings & Spencer Co., com. (28) Collt: Colts Arms Co. (25) Eagle Lock Co. (25) Fafnir Bearing Fuller Brush Co. C Fuller Brush Co. Class AA Fuller Brush Co, 1st Ptd. (25) Hart & Cooley (25) Landers, Frary & Clark (25) New Brit. Mach, Co,, ptd. New Brit, Mach, Co, com. (25) Niles-Bement-Pond, pfd. Niles-Bement-Pond, com. Nerth & Judd Mtg, Co. (26) Peck, Stow & Wilcox (25) Russell Mfg. Company Scovill Mtg. Co. Standard Screw Co., com. Stanley Works, pfd. (25) Stanley Works, com., (28) Torrington Co. (25) Union Mfg. Co., N. Brit. (26) YTale & Towne Mfg. Co. (25) epublicans Going to Try To Get Out Woman \'ule; New York, Aug. 13.~Mrs, Alvin ¥ Hert, vice-chairmah of the republican national eomumittes, in an sddress te lay before & conference of eastern women leaders of the party urged that strong efforts be made to induce the 26,755,000 women citizens to vote this year Mis. J. 6. Glessner, shire national committeewoman, nounced a meeting of New England republican women to be held In Manchester, N, H,, September 14 and 17 to work for the party's nominees for the four United ftates senatorial seats to be filled in those states, Miss Hallique Brown of Wilher- foree, O, was appointed by Mrs, Hert New $amp to take eharge of the organization of | | negro women, | BANKRUPTCY PETITIONS New Haven, Aug, 12.~—Petitions In pankruptey were filled heer today by Bernardo Aleorace, laborer, Water- bury who says he owes $850.42 and has no assets but $160 worth of household goods which are exempt RNuskay, butcher, of Rridgeport, who declares he ow 277.44 and has assets of $725, John Sheehan Funeral services for John Rhechan |were held at 8:30 o'clock this morn. ng from his late home at 117 Bas. [weit street and at 9 o'clock from 8t Joseph's church, Rev, Patrick Daly vi 8 celebrant at a solemn high mass, Michael Keating was deacon, Kev, Walter MeCrann was sub-deacon and Rev, John Kenney was master of Rev, Charles Coppens of panctuary, Michael, Daniel and patrick of Hoboken, N, Thomas Fitz- J, William Eheehan, Mathew Meskill and Howard Smith acted as pall bearers while the flower bearers were Thomas McDer- mott and FEdward Dawson, Mayor Paonessa and members of he water board represented-the city Interment was in St Joseph Plocharczyk, The funeral of Joseph Plocharezyk, who was drowned Sunday evening in |a pond on Osgood avenue, will he held tomorrow morning at 8 o'clock the Sacred Heart church. ment will be in Sacred Heart ceme- tery. Anna Kazmlereczyk, The funeral of Anna Kazmiereczyk | of 143 Grove street will be held to- morrow morning at 7:30 o'clock from | Loeb & Co.; Paul Warburg, chairman | Sacred Heart church. Interment ‘will be in Sacred Heart cemetery. Inter- | Wall Street Briefs T Freight brokerage will be bonafide brokers only and brokers maintained by shippers consigness after August 15, the tereoastal and Levant Confercues Lines notitied shippers loday The other conference lines expect 1o adopt the samne practice either this month o1 in Heptember, New bills of lading will be printed bearing t'# statement that brokerage ia paid by the line to the broker with the striet understand ing that ne part of it ghall revert to the shipper or consignee It was eharvged by the lines the former prac. tice vielated the shipping aet of 1914 and n attempt by the shippers to oblain a ate under the usual tariff pald to) not 16 In The Cerrose Pasee Copper company whose refining operations were re- cently restricted by the Peruvian govs| ernment, has lasued an order with the | approval of President Legura of Peru| to start its second reverburatory fur-| pace in that country, This will en-| able the company to maintain copper output at about 5,000,000 pounds # month, which ls regarded as sufficlent | to keep earnings up to cmu-m divi- | dend requirements even though a| slight recession takes pm- in cop- | ver and sllver prices, | Subseription books for the $22,000,. 000 industrial bank of Japan 6 per cent notes wers opened and immedi- ately closed as the issue was prompt- | ly ovefsubacribed, Rallroad shares have again super- seded the Industrials as the center of speculative Interest. Subsidence of the brisk demand for the atocks of the carriers llkely to become a part of the enlarged Nickel Plate system to permit & more careful study of the exchange ratios recently dlsclosed in the preliminary terms of consolida- tion has been followed by a reawaken- ing of interest in the western and Southwestern roads which have-bheen mentioned in reports of mergers in| those territories. Rock Island, South- | ern Pacific, Missourl Pacific and the Wabash issues have been under ac- cumulation in this connection Re- | ports of increased car loadings by western carriers also have Influenced theb uying of these shares. New York bankers will he well rep- | resented in London when negotia- tions for the $200,000,000 German loan are started, Charles E. Mitchell, president of the National City bank, will sail for Europe the latter part of‘ the week and will not return until Oc- | tober. Other bankers already in Fu- rope “with their ears to the ground"” are J. P. Morgan and Thomas La- mont of J. P. Morgan & Co, W. C. Fotter, president of the Guaranty Trust Co.; Mortimer Schiff of Kuhn, | of the International Acceptance banw, | and several others. . OfficialHartford Stock Exchange Quotations FURNISHED BY JUDD & COMPANY Burritt Hotel Building BANKS AND TRUST COS. " FIRE INSURANCE COS. tns. Co. Co. LIFE AND INDEMNITY Capital 700,000 | 7 4 BlA | Ask o | 300 P I 200 | 223 | 1,160,000 | 2,000,000 | 00,000 1 00 10“ 000 1,000,000 150,000 400,000 1,000,000 208 425 115 DONBLOL [RPuRSrSIPUPIPPNS o [ o 410 5,000,000 2,000,000 8,000,000 3,000,000 5,000,000 1,200,000 576 | EAOS IS 575 | B85 | 600 | 500 9% 592 495 94%| DOOLLO [OTSTSpS Cos. 2,000,000 10,000,000 1,000,000 386 | 720 | 880 | 230 | | | 725 990 2,600,000 4o 10,000,000 840 0O oo “o dee 855 FUBLIO UTILITIES com. (25) com, o Company s A (25) nternational Bilv 3 nternational Silver Co., com. NEW YORK BANKS AND TRUS America (Bank of) American Exchange Nat'l Bankers Trust Co. Bank of N. Y. & Trust Central Union Trust Chase National Chatham Phenix Nat'l Chemical National Commerce (Natl, Bank of) Corn Exchange Equitable Trust Farmers Loan & Trust Co. First National Bank Guaranty Trust Co. Hanover National Irving Bank-Columbia Trust Lawyers Title & Trust Manhattan Co. (Bank of) (50) Mechanics & Metals Natl. Natlonal City New York Trust Co. Park National Title, Guaranty & Trust Co. U. 8. Mortgage & Trust Co. 750,000 36 1,750,000 36 177 188 136 102 12,500,000 1,000,000 5,500,000 50,000 1,000,000 1,000,000 5,000,000 z non 000 000 LT o = 180 | ... 3N 241 97 [100% 80 20 Maue 28y 100 O PoLLPLOOM 1,674,200 8,500,000 2,600,000 2,000,000 2,000,000 17,700,000 6,950,000 5,800,000 6,500,000 7,000,000 1,000,000 10,000,000 10 = 10 10 18 MPANIES 10,500,000 4,500,000 26,000,000 9,075,000 23,000,000 5,000,000 10,000,000 25,000,000 5.000,000 17.500,000 TR ofieonwooaubaa o PO 205 164 372 402 286 4" a7 303 10,000,000 10,000,000 40,000,000 10,000.000 10,000,000 10,000,000 3,000,000 QDOLO BB o B whrtaae o o 200 ACTIVE INSURANCE AND CASUALLY COMPANIES American Alliance [ns. Co. American Surety Continental Insurance Co. (25) Fidelity-Phenix Ins. Co. (25) Franklin Fir Glens Falls Ini Globe & Rutgers Great Ameri: Hanover Insur: Home Insurance Co. Ins. Co, of North America (10) Natlonal Liberty Tna. Co. (50) National Ine. Co. (25) urety Niagara Falls [ns. Co. (50) Preferred Accident Westchester Fire Ins. Co. (10) 285 | 376 1.000,000 mmllom ” 138 128 52 925 256 109 334 87 205 150 150 800 12,600,000 1,600,000 18,000,000 6,000,000 1,600,000 10,000,000 3,000.000 1,000,000 | Widest | ville & Nashville lost a point |down 2 1.2 {Am Wool 150,000 | 18,000,000 | Al STREET STOCK | AGHANGE Rt"fl"T\ York, Aug. 12.=Preva! 1 of today's 1 higher stocks, suffered Absarptiop of paying rall sending New York Southern and Mg new 1924 high records, Jumping 4 pointa.’ High priced g4ins a8 the senti LU narkel bullish ern t sies important hem Bteel, sions fend briskly ning of » although meluding fractional Bethies | seasoned divie | pro | Ceniral, Vour m the shares Paciiie shares scored th Nimited foa u,‘ of these issues Induced brisk Popular industries such as American Can, Btule baker and Baldwin fluctuated within restricted limita, but demand bread ened for the copper stocks, seseral of whigh atlained new 1924 Lops as & re sult of higher pri for the red mttal, General Baking added §1 points to yesterday's sharp rally of 13% points, Gains of 1 to 2 points were recorded by Pan-Aserican, Na tlonal Lead, American \\.Hu Waorkas. Atlantie Coast Line and "Katy" pre ferved, General K trie and Louls ch on exchanges Aupply Mdding U, B Nteel, profit takin opened eas " Noon—Heavy liquidation of ofl shares, which forced Atlantic Refining points and a number of others'down 1 to 1 1-2, together with profit-taking In other sections of the list, caused prices to sag througho | the list after the first hour, Previ- oualy, a number of individual idues kad run up large gains, American Water Works jumping 4 points and big Four 8, General Elecetrie sold down 4 points while Atchison, Erie, Lackawanna and Cuyamel IFruit were among the many Issues to sell & point or mare below yesterday's final quo- {ations, Call money opened at 2 per cent, Foreign Close 41 High Low 11 41 126 123% 124% etaoin nnnli ' % il 172 169% 170 607 © 6815 69 45y : 4% 9 87 12614 12614 148 Am Bt Sug Am Can etaoin shrdlu Am Cr & J°d Am lLoco Am Sg Rf em.. Am Sum Tob .. Am Tel & Tel, Am Tob ... | 126 8 7414 367% 104 11815 36 105, Ana Cop Atc To & 8 . Baldwin Loco .. RBatl & Ohio Beth Steel B .. Con Textile ... 5 Can Pacific V164 % Cen Leath Co... 147 Ches & Ohio ... 88 CM&St P.... 161 Chi RT & P... 85% Chile Cop . . 34 Chino Cop ..... 211 Con Gas Corn Prod Ref.. Cru Steel ...... 3214 54 31% 4073 (‘“n )"VPNru- L2705 Gen Motors . | Goodrick BF Gt North pfd .. Insp Copper Int Mer Mar Int Mer Mar pfd 37% | Int Nickel 174 | Int Paper 5414 Kelly Spring T'r 15 Kennecott Cop.. 481 Tehigh Val .... 53! Mid States Oil.. Missouri Pac .. NYCoen ....,.109% NYNH&H.., 28Y Norf & West ,.128% North Pac .o 86 Nat Lead Pure 0Oil Allls-Chalmer Pacific Of . Pan Am P & T Penn R R Pittshurgh Coal Ray Con Cop .. Reading . Rep T & & Royal DN Y .. Sinclajr Ol Ref South Pacific Routh Ralfl . Studebaker Co. . Texas Co ... Texas & Pacifie Tohacco Prod | Transcon Ofl ., Union Pacifie .. United Fruit T 8 Indus Alco U § Steed U 8 Steel pfd . 475 5114 114 187% 10814 271 12615 05 158 23 5014 46 5684 4514 5314 123 6214 i 115 10% 191 10014 o Utah Copper .. (3 6415 Willys Overland Westinghouse 6314 U. §. TREASURY STATEMENT, S. Treasury balance, $226382447 Dirt Farnterett= u. Mre. Huldah Ogden of Milford, Ky., | is saild to be the first woman in the U. 8. to seek nomination as a candi- date for congress as a “dirt farmer- ette.” For 18 years she has been | PUTNAM & CO. Mew Sewm York stk Eachange Membors Harttord Sk Eachauge 81 WMot Nain M L We offer: 100 shares of Yale & Towne 130 shares of Colts | JUDD & COMPANY Members New York Stock. Exchunge Members Hurtford Stock Exchange HAITFORDA O NUNT OO BLDG, TH + Bureitt Hotel 18) Tel 18 ~ RAILROAD MERGERS ICKEL PLATE Aunouncement has heen made of the proposed X MERGER, We arve prepaving a comprehensive analysis, showing the relative valne of se ies of companies merged as compared to | ‘ of new stock, Other consolidations now in prospect will have a marked influence m eailroad seenrity pr EDDY BROTHERS & & HARTFORD NEW BRITAIN Hartford Conn. Trust Bldg. Burritt Hotel Bldg. Tel.2-7186 Tel. 3420 We offer: 100 Shares of North & Judd To Yield 6%2% w@[]iumznn, Tenn & @ QIIu.‘- Burritt Hotel Bldg., New Britain Tel. 2580 MEMBERS NEW YORRK AND HARTFORD STOUE EXCHANGES Donald K Hart. Mgr. WE OFFER:— American Hardware Price on Applicaticn We do not accept Margin Accounts, JOHN P. KEOGH Members Consolidated Stock Exchange of New York Waterbury Bri i STOCKS dgeport BONDS New Haven Middletown Direct Private Wire to New York G. F. GROFF, Mgr.—Room 509. N. B. Nat’} Bank Bldg.—Tel 1018 The Hartfoid-Connecticut Trust Company 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. THE BOND MARKET New York, Aug. 12.—The absénce | of important price changes in teday's early bond trading centeréd atten- tion on new financing. Heavy over- subscription was reported by the Na- tional City company for the $22,000,- 000 loan to the Industrial Bank et Japan, which carried the unusual provisions that principal and interést would be payable in time of war well as peace, {rrespective of the n tionality of the bondhelders. Directors of the Baitimore & OA8 railroad were reported ready to Ap- prove a 875,000,000 jesue of 8 per cent 1st mortgage bonds to refund & like amount of prior lien 314s matur- ing next year. Sale of the issue {8 expected later this week at a price elightly below par, with provisions fer Foreign Exchange New York, Aug. 12.—Foreign ex- changes easy. Quotations in cents: Demand 45 , cables 454, 60 day bills on banks, 451 1- France, de- mand 5.55, cables 1%; Italy, de- mand 4 cables 4.52'; Belgium, demand 5.11%, cables Germany, | demand (per trillion) Holland, | demand 39.04; Norw demand 13.94; Sweden, demand 611%; Den- mark, demand 16.13; Switzerland, de- | mand 18,8315 Spain, demand, 13.51; Greec W 1.79; Poland, de- mand 19! cho-8lovakia, demand | 2.95; Jug demand 1 Aus- | tria, demand .0014 1-8; Rumania, de- P ; shana, (8% Argentine, demand s.s7; | the exchungs of dte presCh S HE Rra’z?lv demand '1': :‘\.l:nkm. demand profit-taking today, bul there was a H1.%1 Momres! whi good demand for speculative rafl 1a- g | sues, Fall and 3|l‘l(‘|all‘ Defe'\se Chile Copper fs responded to the ¢ L) . al o recent rise in the pries of the ré Shows Hand in Was hington metal by tonehing a 1924 high record Washington, Ang. 12,—The indict- | and Wickwire Spencer Ts h‘rerl - 3 B d 3 t that & ment of Albert B. Ifall, E. trengthened by announcemen and E. L. Doheny, Jr., in connection plan of reorganization had been de. with naval oil leases was attacked by vised. defense counsel in District of C0||Im-J bla supreme court today on the ground that Senator Walsh, of Mon- tana, prosecutor of the oll investiga- | tion, had deiivered a radio address pre-judicial to them whilg the grand | jury was ¢onsidering the case. An additional plea in abatement was filed by attorneys for the Do- henys who declared the Montana sen- ator on May 6 had talked through the | guest at the ceremonies Tuesday m L microphone 1in a ° speech that was|when Brigadier General Charl widely advertised as one which would |Dawes is notified of his nomination n give the public the inside information | republican vice-presidential candidate 5.55 L. Doheny WILL BE A GU Uncle doe Cannon To Be Present At Dawes Notification Exercises Danville, 111, Aug. 12.—Uncle Jos | Cannon, veteran of many a politicAl struggle, announced today his accept- ance of the republican natioral com- mittee’s invitation to be a speéial ST | running a large farm as well as r ing a large family. on the oil scandals |Uncte Joe is in his 87th year.