New Britain Herald Newspaper, April 12, 1928, Page 17

BEANETY SPEAKS " ON INVESTHENTS Diversity s Safety, Editor Tells Rotary Glub Members The only safe way to make an in- vestment is to distribute one's in- vestments over a number of stable propositions, according to Frank P. Bennett, editor of The United States Tnvestor, who spoke to the mem- bers of the Rotary club at the noon luncheon today. Mr. Bennett's address was on the subject of “Investment Trusts.” He gave a brief history of the develop- ment of investments by pointing out that the history of every country so far as its flnances is concerned is based on three things, the need for outside capital to help develop the natural resources of the country, the development of the ability by the country of financing its own re- sources and the reaching of the point where it can spread out and help finance foreign resources. He said the most pathetic book ever read was the diary kept by t men who came over on the May- flower. These men, in order to have their venture financed, were forced | | | | way transportation and find it is a dying industry. Therefore, if he is wise, he will distribute his invest- ments on the insurance principle, scatter his funds over a multitude of industries and out of that di- versity find safety. “It is not uncommen to find an securitics, including public utilities, fles and foreign manurncturies,"l aid. “It isn't true that every invest- ment trust is a safe investment. The only safe rule is to put yourself in the hands of an expert the same as you do when you are ill. Go straight to your investment expert, prefer- ably your banker.” A group of songs was presented by Mrs. Jane S, Tuttle. She was ac- companied by Theron W. Hart. The annual meeting of the Rotary club will be held the first Thursday in May. The following were named on a nominating committee: David R. Manning, chairman; Attorney John . Kirkham, D. K. Perry and E. W. Pclton. DESIRE T0 HAVE 18TH AMENDMENT REPEALED (Continued from First Page) absent ever Letters from other mbers were reported to be to sell stock in England to investors 1y divided for and against the reso- who insisted that each man conslder himeelf one share of stock. In the carly days of railroad transportation, he said, E. H. Har- riman and J. . Morgan had to go to Furope with their hats in their hand looking for investment capi- tal. In the third period, he said, the|cott, Henry S. and, | Morrils, Chauncey M. Depew, Jr., and country becomes international Members who attended the g included W. M. K, Olcott, Mar- tin Saxe and Charles P. Spooner, alt members of the sub-committee headed by Mr. Fairchild which drafted the resolution: Ralph God- dard, Harte M. Juddson, J. V. Ol Prithatt, Newbold mi having more monecy than is needod | Wilbur F. Wakeman. to develop its internal resource: reaches out and begins to talk about lahout 2,000 members living in forcign loans. This is the state the United States now has reached, and the point where the United Stat | The National Republican club has all parts of the country, 1000 of whom & residents of New York. Prosi- dent Coolidge is an honorary presi has become the treasure house of |dent and on its roster are Herbert the world, he said. 1t is at this stage that investment Governor The in- |nots. trusts first are heard of. vestment trust, he explained, is simn- ply the application of the insuran principle to business. An insurance company which would try to do business in one community alone, would be a greater gamble, accord- | | | | | ' ing to the speaker, than anything in | the history of the world, not except- | Appropriation ing the Louisiana lottery. He ex- plained that it a man pays $10 for insurance on a $10,000 policy, he Dbetting that his house will burn down. If it does, the insuran company pays him $10,000. doesn’t the insurance company malkes a profit of $40. sibllity of a conflagration in the vi- cinity of that house, Keeps it an un- safe bet for the fnsurance company o to avold this danger, the pany takes a few policies In New Britaln, a few in Hartford, a fe in Boston and in other cities, so tha in the end the losses are than the profits. He #poke of many speculators who hang around brokers’ offices by say- ing that “Every broker's office to- day reminds me of the rush for tickets for the Yale-Harvard foot- " ball game.” The wise investor, he told the Rotarians, puts his moncy into six or seven well founded in- dustries, those dealing with the es- | $363,000,000 sentials of life. “If & man intending to nvest his | onn | all in one concern, invests in only compantes in that line which have made any money are the small- er one, He may select the paying during the past year. e | | | 1t it | cowm- | that provi | smaller {manned and | I #hoe {of 22 mirplancs business and find it has not been Hoover, Vice-President Dawes and rank O. Lowden, of Illi- ENLISTED PERSONNEL OF NAVY MAY BE MORE Bill Offered Today Wonld Rulse Quota From 83.250 to 86,000, Washington, Apr. 12 UP—Tnereas in the enlisted strength of the navy om 10 §6,000 would he pro- But the pos- vided in the navy appropriation bill reported to the senate today by the appropriations committee. This increase in personnel over 2d in the measure passed by the house was favored, the com- mittee reported, in order that the ships of the navy may be “efficiently a greater number of enlisted personncl assigned to avia- tion duties.” About $2,000,000 of the addition of $4,218,780 voted by the senate committes ovor the amount carried |in the house bill was accounted for Lutheran church by increased funds necessary to meet the pay and subsistence of the new personnel. The bill now provides for next year's ex- penses of the navy. All provisions of the house bill relating to appropriations were re- | line of business he may find that the | tained by tha sepate committee which aiso voted to add to the housc measure $635,000 for . procurement to be used by the reserve aviation corp: may decide to invest in strect rail- i READ HERALD CLASSIFIED ADS YAMONG MY SOUUEN —FTHEL— /4 NEW BRITAIN DAILY HERALD, THURSDAY, 'WILL CHECK UP ON ' City Items Mrs. Clara M. Lautersweiler and daughter, Clara, are visiting Mrs. John P. Mullin in Pittsburgh, Pa. Miss Sylvia Adler of Rhodes street | investment with over 100 different and Miss Sylvia Clark of Chestnut | street are apending the remainder of the week in New York City. Clifford Knight, Herald cartoonist, ! will give a chalk talk to the meeting 'of the New Britain General hospital Rotary club at the hospital tomor- row noon. Johnny Sedor, aged ¢ years of 133 ;\\'imor street, who fell from a | fourth story window on Hartford avenue Tuesday night, was reported resting comfortably at the hospital imday, | An automobile driven by Dr. Marsh and a truck with rack body driven by Joseph Messina of 45 Lafayette street scraped fenders at the intersection of Elm and East Main streets yesterday afternoon, causing only slight damage. Detec- | tive Sergeant Ellinger reported no cause for police action. '$15,000 Suit Withdrawn | _Just Before Trial Opens | ‘The $15,000 accident suit of Mary Tomaszewski against Percy Bentley |of Bridgeport, which was to have ihot‘n tried vesterday afternoon in |superior court before a jury, was withdrawn just before the session and settled out of court. B. J. | Monkiewicz was attorney | plaintiff. FLYING WITH GOVERNOR Hartford, April 12 (®—To give Mayor Stevens a chance to see, ali at once, his accomplishments of the past four years, and to afford the mayor-¢lect a similar bird's eye view of his opportunities, as he expressed it, Gov. Trumbull this morning an- nounced that he would take the re- tiring mayor, and his successor, Mayor-Elect Walter E. Batterson, aloft on a pleasant day during next week, with himself, newly licensed, as pilot of the plane. Both have acceded to the flying governor's in. tion, and will be on hand at Brainard Field whenever weather and other circumstances favor the I project. Deaths J. Cornelius Rosenlof J. Cornelius Reosenlof of 146 Wil- ford street, West Hartford, dled yes- terday at his home, | He was chief inspector of the small tool department of Pratt & Whitney Co., Hartford, for the past 23 years. He was a member of John Ericsson lodse, I. O. O. F., of which he was a past rfoble grand; Midian encampment, 1. 0. O. F. Wiillam McKinley lodge. K. of P., and Norden lodge, O. of V. He was district deputy grand master of the Swedish lodges. He leaves his wife, a son, Carl C. Iiosenlof and a daughter, Miss Elna. B. Rosenlof, all of West Hartford; two sisters and two brothers in Sweden, | The funeral will be held Saturday afternoon at 2 o'clock at the Swedish of Hartford of which he was a member. The body will be at the undertaking parlors of Taylor & Modeen until Sl!-lrdu)"‘ HAPGOOD GOES ON TRIAL 'noon. Burlal will be in Zion Hill | cemetery. Mrs. Edward Coleman Mrs. Lucinda Coleman, wife of Edward Coleman of 41 Whitman strect, died yesterday afternoon at Mrs. Starr's Home for the Aged, 39 ' Howard street, where she had been living for the past two weeks. She |was 76 years old. | 8he lived in this city for the past | - |20 years. Her only surviving rela {tives are her husband and a siste | Mrs. ward Coleman of Easthamp- ton, Mase. | ‘The tuneral will be held at Erwin chapel tomorrow afternoon at 3 o'clock. Rev- Alfred D. Heininger, !assistant pastor of the First Con- gregational church, Burial will be in Fairview cemete for the | will officiate. | Wall Street Briefs Firet quarter net income of Otis Elevator company rose to $1,7 5 from $1,354.752 in the first quarter last year. This is equal to $3.82 & share on the common against a share a year ago. COURTS OF STATE Finance Board Looking for| Money Dae From Fines —_—— | Hartford, April 12 UP—An inves- tigation of all city and town courts |1n Connecticut by agents of the state board of financc and cotrol for the motor vehicle department to deter- | mine how much money due the state | |from fines collected for violations of | !the motor vehicle laws has not been | |turned into the state is now being conducted, it was learned today. It is expected that the investigation will Idisclose that from at least §50,000 | FEATURE OF CURB | court clerks. | Since 1918 when a law was passed Day Promises fo Be Biggest in History requiring such flnes or portions [thereof to be handed over to the| |state, no investigation of the kind | {has ever Been conducted, and the governor, Motor Vehicle Commis- sioner Robbins B. Stocckel and the New York, April 12 —Heavy buy- ing over a broad list today gave the curb market what at midday prom- ised to be the biggest trading day in its history. Trading was in such rnormous volume that the ticket Commissioner of Finance and Con- | was running more than a half hour trol Edward ¥. Hall, somec weeks | behind the market. The wupward ago decided that such a check on | the forwarding of motor vehicle movement appeared to be a contin- uation of Yesterday's rise and in moneys should now be made. It was known that in some cases | the money had, for some reason, not been sent to the state. It was also | known that in other cases the courts had been meticulous in immediarcly forwarding all moneys to the state. Check Here First The investigation has been going on for some time, unknown to any officlals except those directly con. SYMPlhy with the bullish demon- cerned. Before Nanouncing a state Stration on the “big hoard.” Creole Petroleum was lifted to 14%, a new high, on a turnover of more than 50,000 shares. Buying ap- peared to be inspired by announce- ment the company plans extensive expansion, Pantepee, Prairie, Penn Mex Ofl, Standard or Kansas and Tidal Osage non-voting also reached new peaks. The pipe lines also were strong.. wide investigation, state authorities Wire wheel, moving to new high helieved it wise first to examine the hooks in a few towns to see just ground at 132 1-2, lod the rise of the motor accessory ihsues. ) Northern Ohio Power bined 6 and 7 per cent preferred stocks in 1927, against $12.31 a share in 1526, The common stock is own- ed by Northern Ohio Power comi- pany. Operating income of the Western Union Telegraph company for the first two months this year was $1.- 630,526 against $1,607,964 in the same period of 19 ,What such an investigation would i reveal. Conscquently the state's ac- countants went into the city court of New Britain for the initial step. New Haven, New London and Mid- dletow have likewise been checked on and the examiners are today in | the Hartford police court, where the {examination of the books has been | going on for several days. Although no figures will be given out it is known that in some of these towns, which have been ex- amined, considerable sums were col- |lected which should have come to |the state but never did. | It'is expected that a similar con- dition will be found in some other a conference and nearly shares had chgnged hands at noon. the activity of the stock being based on a federal court decision granting the company a preliminary injunc- tion restraining sale of wire wheels on certaln motor cars in Chicago and the seventh federal district- Marmon Motors advanced about two points to a new high at 49 1-4, ace companied by Warner Gear, Bendix A, Caterpillar Tractor, Checker Cab and others. Acme Steel, Alum- inum Co., Tndustrial Rayon, Mead Johnson, Nichol & Shepard and Ruberoid were among others to in- vade new high territory. Deere & Co.. British-Celanese, Celotex, and a few others sagged under profit-tak- ing. Wilkes-Barre, Pa., April 12 (P Powers Hapgood and his wife, Mary | Donovan Hapgood, formerly of New | ! York, went on trial today on an in- | dictment charging them with mcn-l ing to riot. The jurors aecepted represented a typical panel of businessmen, clerks 'and mine workej i | RECOVERING-FROM LIQUOR ! Stephen Sobiech, aged 21, of 474 & Light | carned $17.37 a share on the com- | Edward Budny. Edward, RS = | ington, died today. The funeral will be held tomorrow morning at 7:30 o'clock at 8acred Heart church. Burlal will be in 8acred Heart ceme- tery. James Scanlon Funeral services for James Scan- lon of 157 Smalley strect will be held tomorrow morning at 9 o'clock at the Church of St. John the LEvangelist. Burfal will be in St. Mary's ccmetery. John D. Martini Funeral services Martini of 159 Daly avenue were held this morning at 9 o'clock at |§t- Mary's church. Rev. Walter J. Lyddy celebrated a requiem high mass. There was a large attend- ance. Mrs. Crean sang “Nearer My God ,10 Thee” at the end of the mase. The pall bearers were Riceo Ciattoni, John Beardi, David Jorsey, Angelo Perti, Dr. Vincent 8 Mendillo, An- zclo DeConti, Joseph Deni- The WEDDING VEIL flower bearers were John Sartort | and John Deni. The flower bearers : |were John Sartori and John Ciat- toni. | Burial was in 8t. Mary's cemetery. “The Telegraph Fiorist of New Britale’ 3 WEST MAIN ST.. PROF. BLDG. two-months-old son of Mr. and Mrs. John Budney of New- for John D. McClintock road, was reported rest- | ing comfortably at New Britain Gen- i oral hospital today. He was brought {to the hospital yesterday afternoon suffering from the effects of a poor | grade of liquor. It was thought at {that time that his arm was broken ! but an examination falled to disclos: (& fracture. ][ GERMANS WEICOME PLANS ‘ Berlin, April 12 (UP)—Comment- | ing on the forthcoming presentation | of the United States note re a multilateral treaty to ou the Zeitung-Ammittag s Germany welcomes the plun 4 give its fullest co-operation toward | fulfillment of the anti-war ideal. CABLE SHIP SALLS Copenhagen, April 12 (U cable ship Citta Di Milano which will be used by the General Umberto Nobile north pole expedition as o base of operations, arrived at Ber- gen today. It will go to Spitzbergen | Monday. S PPED 1'AC) Brockton, Mass., April 12 (UP)— Claiming that her former sweet- heart, James E. Joyce. of Salem, slapped her face, Mrs. Nellic Thomas {has filed suit against him. asking ;?:\,HHH damages. THREE DIE IN WRECK Rangoon, April 12 (UP)—Thre | persons were killed and one was in- | Jured' today when a railroad train was wrecked near Toungoo. It was the third accident on the Burma railroad within the past few days. i The Classified Ads and having a bank account go hand in hand—Use the Classified Ads and save money. S ———— “Never thought so many people read The Herald Classified Ad» ™ lthe Bishop in 1 word t towns as the investigation pro- ar care in handling the fines collectd Lut will also disclose those slack in steps have been taken to remedy it The state officlals wish it clearly fines for violations of motor vehicle laws, for to that money the state is the state has not always come in | trom such fines, and the tate i only | IN PENNSY“IANI A ,town and city courts. ! R | Denn's Kulmatycky, former pastor of the Ukrainian Greek Catholic !tuken over a parish in McKees | Rocks, Pa. Episcopal layman and president of | fiFtE00Y BY 8 00t attorney do e Mortgago Loan company bearing the statements made recently when Inight and died before a dogtor ar- 4U2rrel with his bishop. e | "I did not disappear and T did left,” hs writes. “1 wasn't ordered by the bishop to leave and didn't and never intend to.” “I have no creditors in New | Kees Rocks, Pa. T thank the person or persons who made those crrone- When it was first learned tha | Rev. Father Kulmatycky had disap- Philadelphta, which was the outcome of a refusal fo no effort to bid his people goodbyc and after a flying trip to the chan- The investigation will not only show what courts are exercising this parlicular. A bad state of af- fairs was discovered in one city hut understood, however, that the in- vestigation concerns only fees and ally known that all the money due . checking up on what it considers are | really its own accounts handled by | 1t was learned today that Rev. ;church of St. Mary of Immaculatc Conception, 54 Winter street, has VLR T ! yesterday by a local attorney denies [his name. collapsed i his homa aft- it was stated that he had left his ler attending a church dinner lase ChUTCh and congregation after u Ibid my people goodbye during the {evening services the day before 1 therefore defy my superior, and 1 didn't break away from the churci | Britain, and if so. they can kindly write to me, to 116 Ells street, Me- | ous statements to the New Britain Herald just to hurt me." peared a fortnight ago, rumors had |1t that he had a long quarrel with change parishes, and was forced to !leave. It was also said that he made cery. he eame back and without yone, left azain for parts {unknown, { POLICE PROBE INJURY TO GIRL Detective Sergeant George { Ellinger s conducting an investiga- {tion into an automobile which occurred on Broad street last night, Frances Rosatti, aged 10, of <4 Booth street, having suffered an ! in, ¢ ry to her left leg by being run n. Information available this forenoon was meagre, but it was re- | ported that the motorist stopped and | carried the girl into her home. Ser- zcant Ellinger planned to interview girl at New Britain General hos- | pital, where she fs under treatment. She was admitted to the hospital {about 8 o'clock. | | SECRETARIES TO MEET | Members of the Connecticut Com- mercial Secretaries’ association will meect in this city tomorrow. The program will bezin with a luncheon at 12:30 at the Burritt hotel. The afternoon will be devoted principally |to talks by Walter O. Filley, state forester, on the subject of state | parks and their recreational facili- ties. A representative of the state | nighway or state park department will speak on Connecticut's scenic heauty along the highways. | ARRESTED FOR SPEEDING John J. Smith? aged 21, of 1320 accident | APRIL 12, 1928 SWEEPING ADVANCE . STOPPED SLIGHTLY Profit-Taking Halts Rise i | Stock Somewhat New York, April 12 (®)—A sweep- ing advance in stock prices, which carrled scorcs of issues up 1 to 14 points in carly trading, was ichecked around midday by profit- taking. Orders piled itto the ket in such lares volume that the minutes behind the market before the end of the third hour, cansing widespread confusion lin brokera, throughout the country. ged around a |million sharcs an hour during the learty part he session | Call Money renewed cent but the volum: funds reached such larg that the fell to Ishortly atter day. to stimulate bullish enthusiasm, despite the fact that time money and commercial paper rates held Hirm, General Motors the at of loanable proportions 5 per cent This hélped arter ad ciug within a fraction of the record Ligh of 199 cstablished a few weeks go, fell below 196 on realizing i, First quarter carnings were esti- mated today at $70,000,000 cquiva- lent to $4 a sharc on the common stock. U. S. Steel opened at 154, 1 new high record, and then sold off about 2 points in profit-taking. Radio broke 6 points below last night's close and a dozen others sold 2 to 4 points below last night's final quotations. | Meanwhile, pool operations wers conducted with inerea, vigor in ores of low and medium priced specialties. First quarter carnings were estimated today at §70,000,000, equivalent to 34 a share on the common stock. U. §. Steel opened at 154, a new high record, and then sold off about 2 points in profit-taking. Radio broke 6 points below last night's close and a dozen others sold 3 to ¢ points below laet night's final quotation THE MARKET AT 2:30 P, M. (Furnished by Putnam & Co.) High Low Close 160 160 86 1% te At one ! 'time the press of orders necessitated | 50,000 | i Al Che & Dye Am Ag Che pd American Can Am Loco ... Am Sumatra, . Am Sm & Re Am Suzar ... Am Tobacco . Am Woolen . Anaconda Cop Atchison Balt & Ohio. Beth Steel Brook Man Cer De Pasco Ches & Ohio CRI1& Pac | Chrysler Corp Cola Fuel | Congoleum Consol Gas Corn Prod . .. |Dav Chem | Dodge Bros Erie RR {17am Players { Ileischmann IPreeport Tex Genl Asphalt . |Genl Elec . Genl Motors . Glidden | Hudson Moto Hersheys . Int Comb, Eng 5 Int Cement Int Nickel . Int Harves Ken Cop . Mack Truck Marland Oil Mo Kun & Tex Mont Ward National Lead 12 N Y Central ) 567 109 54 North Amer. North Pacific Pack Mot Car Pan Am Pet Phillips Pet Pierce Arrow. 'ullman Radio Corp Remington Reading Sears Roebuck 106 Sinclair Ol .. Southern Pac . Std Oil N J Std Oil N Y . Stewart Warner ¢ Studebaker J Co . Gulf Sulph Tim Rol B Underwood Union Pac Union Carbide United Fruit U S Ind Al 1 & Rubber U S Stacl Wat Ry West Elec . Willys Ove Woolworth Wright Aero . Am Tel & Tel 181% 16 141 <h 1861 125 1813 LOCAL STOCKS {Furnished by Putham & Co.) Insurance Stocks. Actna Casualty ... Aetna Life Ins Co Actna Fire Automobile Ins . | Hartford Fire . National Fire Phaenix Fire Travelers Ins Conn General . Manufacturiug Stocks. Am Hardware Am Hoslery leaton & Cad 1830 8 well Co com Billings & Spencer com Billings & Spen-er pfd Dristol Brass .. N Colt's Arma ... Eagle Lock ...... Fafnir Bearing Co | Hart & Cool . Landers, F N B Machine IN B Machine pfd { Niles-Be-Pond com I North & Judd until T adverticed my|Stanley street was arrested this fore- | Peck, Stowe & Wil room for rent. brought a stream of all day.” steady The ad |B0on for speeding on Routh Main | Rusecll Mig Co street by Motorcycle Officer Clarence Kumm. He was driving a mitk de- rate of wpeed when apprehends s ovill Mfg Co Standard Screw applicants jivery iruck at an alleged excessive Stanley Works .. {Torrington Co com mar- . | |PUTNAM & CO. Members Now York & Horgord Stck Eachangss 31 WEST MAIN S8T., NEW BRITAIN TEL. 2040 HARTFORD OFFICE, 6 CENTRAL ROW, Connecticut Pref TEL. 2-1141 Gas & Coke Securities Co. erred Price on Application, Thomson, Tenn & o. 55 West Main Street New Britain Phone 2580 Members of New Vork and fartford Stork Eschange Stuart G. Segar, Manager We Offer: Mechanics Bank of Brooklyn Price on Application. EDDY BROTHERS & & Members Hartford Stock Exchange NEW BRITAIN HARTFORD BurriltHotel 8idg. Hartford Com.Trust Bidg. Colony Bldg We Offer: 35 Shares of Fafnir Bearing | Torrington Co coni Union Mfg Co ...... Public Ttlities Conn Elec Service ..... Conn Lt & Pow pfd .. Htd Elec Light . N B Gas . Southern N E Tel TREASURY BALANCE | Treasury Balance, $40 EAT WAVERS BUT THEN GOES UPWARD Scores Substantial New Price: After Poor Start Chicago. April 12 (M—With buy- ing on a broad scale wheat scored substantial new price gains today after wavering at the start. July and September deliveries of wheat top- ped once more all quotations here- tofore this scason, and trade con- tinued to center on prospects of only a scant crop of domestic win- ter wheat. Opening unchanged to d-dc higher, wheat subsequently rose all around to well above yei terday's finish, Corn and oats de- veloped weakness. Provisions were ; |about steady. Opening prices today: Wheat: May, 148 to 1-4; July, 145 to 1-2; Sept. 146 1-4 to 3-4. Corn. May, 100 3-8; July, 103 to Sept., 103 3-4 to 104 1-8 Oats: May, 58 to 1-4; July, 3-8; July. new, 51 7-§ to .+ new, 46 5-4 to 7-S Sunday Afternoon Shows ! Goes Over for One Month The Sunday afternoon movie ques- tion, which has been hefore the com- mon council for the past few month will be handled by the new ordi- nance committee and therefore will old not be disposed of for at least one | month, on account of the failure of the present committee to act on it t 4 mecting last night. Only Al- rman . L. Nair, chairman, and Conncilman Charles 0. Holt wore in attendance and both were without information as to the reason the (matter wus referred back by the council Another matter which the new ordinance committee will take up as an heritage from the old committee 18 the proposed ordinance to require {food handlers to take physical nx-j aminations. This proposition has bren under consideration for meveral nonths and at present Corporation Counsel J. H. Kirkham has it under advisement. ‘Blames—Drmz in Beer For His Intoxication Lawrence Durbas, aged 19, of 1519 Corbin avenue, who was ar- rested in front of City Hall last night by 8wpernumerary Officer Lescivius on the charge of drunk- ennesa, told Judge Roche in police court today that he was playing cards last night and someone put a drug in his beer, rendering him ob- livious to eversghing. He was fined $5 and costs, execution of the pen. alty suspended. Apparently the police did not place much credence in his story, for no investigation is being made ,into it, so far as could be learne "todar. . INCHANGES April 12 (® 00,000 000 ; — Ex- changes 81 halances $125.000 000, BOND MARKET 1§ NOT VERY BROAD | Most Das Caner hroand New York Tractions | New York, April 12 UP—Trading in the bond market today centered around the New York tractions and some semi-speculative issues, with prices firm, 8t. Paul adjustment 5s |bought in large amounts, were galning |more than a point. Anaconda and Andes Copper ¥s continued moder- ately active around yesterday's clos- ing quotations. Bethlehem Rteel 6s |invaded new high territory, but some lof the other high-grade issues were |inclined to heaviness. A small amount of buying lifted General As- phalt 68 2 points to 112. New York Railways income 6és and | Third Avenue Adjustment 5s both moved to new tops, while the Inter- {borough Rapid Transit issues hover- ed around their previous highs. Mexican 48 moved to a new high jat 28, Kingdom of Jtaly 7s furned | heavy, but the forelgn group gen- ivrully was firm, 'Weekly Statement of ‘ English Bonds Out | London, April 13 UM—The week- {1y statement of the Bank of Eng- \land shows the following changes !in pounds: | Total reserve increased 1,503,000. Circulation decreased 1,044,000, | Bullion increased 458,000, Other securities increaxed 5,338.- la0a, | Public deposits decreased §,198.- a00. | Other deposits increascd 000, Notes 000, 13,337.- rescrve increased . Government 1,680,000 | The proportion of the bank's re- serve to liability is 34.90 per cent; last week it was 35.16 per cent Rate of dicount 4 1-2 per cent, 1 securities decreased Boston Prices Show i An Upward Trend Doston, April 12 U — Prices | worked generally upward in the carly trading in the local market tod: Boston and Maine was up 1. Eastern Steamship up -8, War. ren Rrothers up 1.2 ‘Waldorf np I?-i and United fhoe Machinery up | 1-4. | | FOREIGN EXCHANGES STEADY New York, April 12 (M—Foreign exchanges eady; quotations (in cents) : Great Britain, demand 487 15 cables 488 5-16; 60 day bills on banks 484 5.16. ! France, demand 3.93 1 3.93 3 Italy, demand 5.27; [1-4. Demand: Belgium 13.96 1-4: Qer- |many 23.90; Holland €0.30 3.¢; |Norway 26.72; Bweden 26.36; Den- {mark 26.82; Ewitzerland 19.37; |Spain 16.79; Greece 1.32: Poland 11.25; Czecho-Slovakia 2.9¢ 14: Jugosiavia 1 !mania .63 3 | Bras#t 12.02: Tokye Ihai €3.20; Montreal 100.00: Portu- gal 4.30. cablea cables §.2% RAR SILVER New York, April 13 UM=ae oll- ver 37 1-5. Mexican 4ol 68 3-4.