New Britain Herald Newspaper, June 14, 1928, Page 21

NEW BRITAIN DAILY HERALD, THURSDAY, JUNE 14, 1928. 2 ly of this city, will be gr jfrom St. John's Preparatory school {Mr. and at Danvers, Mass, tomorrow. The! Mr, an aughter of | mortsu with a business meeting and election | Miss Evelyn Sorrow, R of officers at 7 p. m., followed by a | Mr. and Mrs. W. J. Sorrow of Se- 4 . banquet. The reunion of classes QUIn Street was & guest of her sis- | $3%6 mortgage, Mitchell strect A[[omey Josgph mltwn ol BriSe | win"extend through the entine. dav (ter, Miss Frances Sorrow last week- | Georze K. Doerr, et al Sunday. {end in New York. Savings Bunk of New Brituin, ‘01 ls swker e e ‘ Miss Mary Mansfield of Canaan is 100 mortgage, Shuttle Meadow > spending a few days with Mr. and |enye, — I"T BY BAR RUN I]VER Mra. T.T. Cogswell of Theodore | |gmus & Netileton Co (Special to the Herala) | 4 SEporly Puzzo, veleuse of mortgage of Flag day were held this after- poon in Burlington. The orator for | 4 Meadow avenic wing and Miss Frances Littel |drew are sponsored each year by the Charing technical manslaughter, . Miss Leonie Harding. daughter of | mine Do Vet citizens of Burlington and are at- Constable Brown Teld both Miss Mr. and Mrs. L. L. Harding of Kob- [decd. ¢ ano. et ux Ty street, tended by many visitors from sur- [Goldburg and Mr. Massie under bins avenue was one of the honor Suvings Bunk of Rockyill rounding towns and cities. A chick- | bonds of $1,000, pupils of her class at the Hartford mine D. and Mrs . G 5 L@ en dinner was served at noon un.| Mr. Masserio w. sidentof | High sehool. quit claim, Cerry strect ¥ der the direction of the Burlington | Berlin for many years and hefore - — Corinine Danat @l women. The afterncon program also |he became owner of the Farmington | MAY INCREASE STOGK | Panl Scalora, warranty des "W included recitations®ind the singing |avenue garage, was superintendent street Qo patriotic mongs by the school jof the Murray Brick yards for DAL e S I ehildren. number of yours, He leaves a wife, | o - Savings bank of Rockyille 3 Lucy, and three sons, Mauro, Tin | Pirectors of ington - Campauy) I8 0 s 4 . and John: two daughters, Josephine ' Will Recommend that Stockhold TRy y i ¥ al o i Court Heallng Case and Lily. and a bfother. Prospero of .. S ””-”»“ ; i 2 . jand A ers Take Such Action. of morte i Of Boy Claiming Assault | “ron o The case of 12-year-old Walter | egoxe i T Torrington. June 11 (P- v Britain T Duniclezuk ugatnst Stanley Boraw- | Win Prizes at Quting board of dircctors of the TOrTINgton 1o Alexundria | ski in which he clai contpany at a meeting held her ed $1,500 dam- | . Yati I 10 | Snitly streot st ket L Bl Of Valley.Stationers aay. wccording 1o an announcenent |yl 500 court by Judge Henry P, Roche. In| A number of trophles were award- by Willinn K. Reid, president. voted Gazo AL s g presenting the case Attorney M. &, ©d to New Britain residents at the to recommend fo the stockholders l Apolonia \ l Gordon, acting as counsel for Dan- [annual outing of the Connecticut 'thut at their nexvt annual meetis I tiano Gozzo, Alden Frank Wolinsk " o1 b felezuk, stated that in March the | Valley Stationers’ association at Hol- 10 be held in September. the capital | b plaintiff w assaulted and beaten YOk vesterday. A delegation from SOCK of the company be increased | N by the defendant with a pail, then |the Adki Printing Co. brought from 180000 shares of par value ., L vicked up bedily and thrown against [back a collection of prize! Y0 eif00, 000 sahatas S0l o s WA E Gt in e the ground, causing serious injury to| ILec Fitzsimmong won first place ‘#lUe. 11 the stockholders approve o F0 0 00 the face and bedy of the boy. At-|in the 100-yard dash and was award. M8 plan the stockholders will re. =0, = (PR SO 3 torney B. J. Monkiewicz, counsel for |ed an 4 e @ t:c defendant denied all charges, |grove romped in second in the 'O "4¢h share now held. The regu- Iversharp pencll, 15, R, Snel. C€1V¢ 1wo shares of the new stock | 1. Saul P Wi playing with the plaintift in the back |gociation, couldn't ' 1 vard of Borawski's home, wher find a match From Harvard June 21 . ... | quickly enough fo win first prize in e — pair of brass book ends . Pape from Hary |was awarded a fountain pen as u Ba |special prize. Mrs rd university with a o0 mort helor of Science degree in elec. * thent and without any warning took young Daniclezuk by his shirt, drag- Park place, Pape also won a trical engincering Thu ay, June g », R o 1 e re. er I3 » mortgu s t 8 & 4 _h‘“::p 2 )'_’:“ o {'””‘*Il\"l;l e {pen aud pencil set in the czx and | Mo bas been @ member of the : over the head with it. He then |soory Tact. Thure W, Bengston fant ety dantp e ol also accompanied the party dent of the Engineering socicty and picked the boy up bodily and threw | Dini off the steps against the ground. Jhe witness claimed. ! i The trial was still in progress at | press time, The plaintiff had thie morce witnesses of the a member of the honorary society (e of il delegutes 1 CTTT AT, R D Long Line division of the Ameri e g Men” Telegraph and Telephone Co. and his June ault, while Mr. and Mrs. Charles Moore of headquarters will be in New York Mon Attorney F Patrick 8. McMahon of Farming- 'nue last week-nd. | ton. son of the late Patrick 8. Me Robert Licnhs Mahon, and Mrs, McMahon, frmer- |from Yale John Slade was graduated from mittee has area 4 has returned (the New Britain § 1 to nior High school Trave Franklin - square . 114,000 Shares : Consolidated Gas Ultilities Co. (of Delaware) Class A Stock (Without Par Value) Entitled to dividends of $2.20 per share per annum, cumulative from the date of issuance, in preference to the Class B Stock. Thereafter each share of Class A Stock shall receive in addition an amount equal to the dividend paid on each share of Class B Stock, provided that in each year the aggregate additional amount so paid on all shares of Class A Steck shall not be less than 25% of the aggregate paid on all shares of Class B Stock. Dividends payable quarterly, sy declared, Masch 1, June 1, September 1 and December 1. Fully paid and non-assessable. Preferged as to assets to estent of $45 per_share and sccumulated dividends. Redeemable st any'time ot the option of the Company at §45 per share and accumulated dividends upon thirty dave =77 motice. Dividends free of the present normel Federal Income Tes. The Campany agrees to refund upon timely and appropriate application all personal operty and securities tases in any state or in the District of Columbia, not exceeding in any year siz mills on each doliar of the assessed valuation therof, and all ncome taxes of any such state of such District not exceeding in any year 6% of such dividends. Bankers Trust Company, New York City, and State Street Trust Company, Bostom, Transfer Ageats. The Seaboard National of the City of New York, and Old Colony Trust Company, Boston, Registrars 2 M. Logan W. Cary, President of the Company, summarizes his letter to us as followy: . CAPITALIZATION (Upon Completion of Present Financing) To be Presently Authorized Outstanding Subsidiary Mortgage Bonds. .. 4 . (Closed) $2,854,000 First Mortgage and Collateral 6% Gold Bonds, Series A, due 1943. . . " ggg%?)%g 61,% Convertible Debentures, Series A, due 1943.... 5 Class A Stock (without par value). . . ; £..600,000 shs. 130,000 shs. Class B Stock (without par |value) . 7800,000 shs. 529,400 shs. Jssuance of additiona! First Mortgage Bonds and Debentures limited under the atrict provisions of the respective Indentures. *Inciuding 139,000 shares reserved for conversion privilege of Debentures. #9922,500 shares reserved for purchase privilege appurte ant to predecessor conipany’s honds COMPANT: Consonasted Gas Utilities Co., upon completion recurring charges and adjustment of gas purchase costs as aresult P of the present financing, will own or operate through its subsidi- of the consolidation and the building of the Amarillo-Enig Line. aries, complete and unified systems for the production, transpor- The estimate of earnings of the consolidated properties for the first tation and sale of natural at wholesale and, or retail tofifty-one year of full operation by Ralph E. Davis, Engineer, is based representative towns communities in western and northern upon a detailed field survey of the available business in the com- Oklahoma and south central and southeastern Kansas, including munities to be served: . Enid, Cushing, Blackwell and Lawton, Oklahoma and Wichita, “First year Hutchinson and Chanute, Kansas, serving an.estimated popula: 1927 full oper. i tion of 400,000. This financing provides for the construction of a Gross Income, all sources. . ...... $4,048,513 $5,622,698 fourteen inch high pressure pipe line from the Wheeler County Operating Expenses, Maintenance extension of the Amarillo gas field to Enid, Oklahoms, thereby and Local making available the reserves of the largest known gas field in the 2,237,577 3,038,905 world, to the important industrial markets in northern Okla- Net Income ... ....$1,810,936 $2,583,793 homa and southern Kansas served by the Company.. Balance after Annual Interest Re- quirements on total funded debt The constituent systems comprise the properties of the former and all Prior Sinking Fund y Midwest Gas Company, Blackwell Pipe Line Company, Okla- Chargesas constituted after pres- homa Northern Utilities Company and Oklahoma Northern Gas ent financing, but before Federal Company, including, t er with the Amarillo-Enid Line and Tazes and Reserves Lanes $ 744,936 $1,369,640 lines of Larutan G tion to be controlled through Annual Cumulative Dividend ll? ! common stock ownership, approximately 1,000 miles of main quirement Class A Stock (thfs | pipe line. More than 30,000 customers are now supplied from Tesue) .. ... & 286,000 286,000 these systems. Total sales for the calendar year of 1927 exceeded It is expected that the calendar year of 1929 will coincide with the first year 16,700,000,000 cubic fest. S Ssioneration. NOTE: Funds for the purchase of certain minority stock of Larutan GasCorp- gration outstandiag in hand of the public have been provided for GAS RESERVES: RalphE. Davis, Engineer, estimatesthat at by this inancing. This earnings statement, thercfore, gives effect to theexpected rate of withdrawal the gas reserves tobe brought under RSV VAR S L LIS S0 S clpScition. control of the Company through this financing, comprising 11,¢ spove balance of $744,936 for the calendar year 1927 is in ex- sapproximately 84,000 acres, will provide an adequate supply well cess of 21 times the annual dividend requirements on the Class A SRR ;:.f'un.::d v::::lt:d‘::wp-u;;::: contrectsin Stock. The above balance of $1,369,640 for the first year of full e e P i o o iy operation is in excess of 4.8 times such requircents. three i t Oklahoma gas fields: Chickasha, Sayre and the For the first year of full operation, earnings available for dividends 'Deer Croek-Blackwell area and an extensive shale gas area in on the Class B Stock and concurrent additional dividends on the southeastern Kanses. The unified administration of the various Clase A Stock, after allowing for depletion, depreciation and re- leases and rescrves should permit of modern economy in gas serves for Federal Income Taxes are estimated at $636,790. utilization when withdrawals are balanced through operation of Including the additional participation in these earnings, total the Amarillo-Enid Line. earnings available for dividends on the Class A Stock for the first 2 year of full operation are estimated at $3.15 per share. The EARNINGS: The gross and net earnings for 1927 given below estimated depletion and depreciation allowance represents the are a8 compiled by Barrow, Wade, Guthrie & Co., Auditors and total of all sinking fund charges, including those based upon a Ci Accountants, from auditors’ reports and adjusted by percentage of the balance remaining after dividends on the Class Ralph vis, Engineer, after giving effect to elimination of non- A Stock. This steck is offered when, 88 and if issued and received by us, o t» epprovel of counsel. Legal matters in connection with the issuance of this stock will e e o L ety 7 W L e Joy Kot e Couptny Regansat roaet oy Rati & Guthric & Co., Auditors aad Cox iting Accoustante. & ¢ Price $31 Per Share, to Yield About 7.10% Hale, Waters & Co. Goddgri‘ & Co. Eddy Brothers & Co. The infermation conteined herein hoo boes taken from sources which we believe to Be relioble But it iv 20t 10 be comsidored es gueranteed by aa. e s b e S i e Trumbull and other commencement exerices will be at |0. Crossetwt Golf street spent last | s 4 o'clock. On Saturday the alumni week-end visiting relatives in Green- | Morthuer H.and Herbert V. Camp cyents will of the school will formally organize 'fleld. Mass. to the Chelsea Savings bank, $4.000 state officials WALL ST. RALLY 1§ | Glover boulevard. City__ltei;is e Conguniond Dugald McMillan is il in the New Britain Gen ancesco Fanizza to Paul Satula, | Stubborn Resistance Quells At- FRUIT FOR SW Bristol. June 14 — Exercises | BY SEE“NB M ol and Mrs Douglas Jobnston of | paricks 1, McDouough 1o Marjorie rki » 3 G, Parsons, arran marking 1! th annual observance | y e i e rs01 warranty greater |11 SLOCk prices which set in yester- Marjoris G. Parsons to | day morning encountered strong 19 nd strength to the Swedish g more fruit, | Sistance late today after pri buigu will in- Leen o 2 in East Orange, N. J.. last Saturday | ki 3l the occasion \was Attorney Joseph (Continued from First Page) afternoon. Mr. and Mrs. Johuston ''E¥ Bank of New Bri F. Dutton of Bristol. The exercises, = are spending the week at the Tray- MOVgez itle Meadow avenu which were held on the town green. | yp and driven fo the hospital. more Hotel, Atlantic City. L. Suzio Construction (o inportation {ing fing on t | bouzlt drastic reaction. Many of the earl ._______~_________,3=am> were cut down and in somi Deaths of 70 Rhodes Britain General A0 interest payments are out of the od health ince jloans to to Hranoosh sian, dand and bildings 1 long period of Gt ! Bianeca Luzietti, 10 lots on | quitea a 1a | poration common stock stimulate ‘Vh-' accumulation of the oil shares. | eharge [ Coppers responded to the reduced imeom- fyvolume of surplns stocks of V""|l 1 Whercupon witnesses by the piain- | wheelbarrow race and won a Parier 1iF dUarterly dividend of three per|SUCHL - titl's attorney were placed on the |peneil. Mrs, Snelgrove was awarded |CSNt And an estra dividend of five S i stand. The first witness was 11-year [a hat tree in the special prizes for VT CENt Were declared Yolin e b o ! old Walter Duza, who claimed that |women. President B AV, bann o —— — I Recor K 3 5 u en. side . W. Pape who @y, ~ |int d and building B1 ihie tine of the attack he was | is also a past president of the av. Slade to Be Graduated L lindiana unldings [tively firm commodity prices {trame gain of 10 1.2 oy wer o e | John Milton Slade, son of Princi- interest in the property Uney Wwaee in the peocess of making |tha pips amd tobaces mave but mob! et Lows P, Slade sid Mes Slad Willian 1L Allen to the swords and rifles from boards. Duza | there second and w d - aii3l Maple street will be graduated | tial Insuranes o, of An. alleged that Borawski came up to M Btlhf 1surance Co. of America William H. Allen fo Henry Mo g Capi- | | voi REPUBLICAN CLUB OUTING into |, circle of | higt wiblican the Roger Sher Funerals 1 the defendant had four. Winthrop, Mass., former residents of City. His brother, Benjumin Slade. burg is chairman of the 1 e 5 Maple Hill, were guests of Mr. and [is conneeted with the Bell division committee. Chairman b IN ST, JOHN'S PREP SCHOOL | Mys. €. L. Lines of Maple Hill ave- of the company Hatsing of the t I=portation Al Che & Dye | Am Ag Che pa School of Architecture to in June 1924, o'clock. The ticket committce Angust Ostlund 30 o'clock at_th | Anaconda Cop en conducted a rvice at the home went to the Swedish i Beth | Brook Man |time and effort during the 41 years lived in this ¢ Pall’ bearers were zust Wallen, man, and Charles 0. 1 conducted com- Burial was in K Funeral servic Peter Kraw- will be ield tomorrow morn- Heart cemetery. {Int Comb, Eng 39 a resident of this city for . who died at her Bield this mol s s church wk MeCrann celel ed a requiem high o MG “' | National Lead 121 was being borne Kathleen Walsh sang “Renedictus’ | op conclusion of casket was being ‘Bearitul Land on n of New York city debledaniniaty |Std Ol N J nd Thomas Kelly of this ecity. Burial was in St Jacob ek | gy genaker Mary's cemetery | 'Tim Rol Bear . 1237 Middictown held at the Mary's chireh. Burial will be Bridget Williams neral &ervices for widow of Charles Willianis will be held at her morning at Mary's church at Burial will be in St Joceph A. Haffey UNUDKRTAKLR Phone 1625-2 | Travelers Ins Co ... 18 | Conn General . 1 17 Sumwer St.—1623-3 Bedding plants, fringed und double pe- Bollerer's Posy Shop “The Telegruph Florist ot New Britain” K3 WEST MAIN KT. PROF. BLi. . HONE a4 OK PUTNAM & CO. ! Members Now Vork @ Hartord Stack Buchongss ' 31 WEST MAIN ST., NEW BRITAIN TEL. 2040 We offer a few shares of : Sanborn Map Co. Price on Application. QUIGHLY KILED tempt to Boost Prices By STANLEY W. PRENOSIL (Assiciated Press Financiul Editor) New York, June 14 P—The rally had ked up 1 to 10 points in th morning trading. Selling came from two sources, the renewed shor of ™ ders, and profi trader: during sell- started o down as out. Trading which at u briek pace, slowed session progressed Call money held steady at 6 per cent although that rate was again ided in the “outside market.” ier credit conditions are looked for after the mid-month tax, dividend 55 West Main Street New.Britain Phone 2580 Members of New York and Hartford Stock Exchange Stuart G. Segar, Manager way. Preliminary cstimates of the federal reserve brokers' | announced after the close of the market range trom M We Offer: 1 ving orders were di tri- | fhuted over a broad list with the oil A Lif conper, gas, chain siore, food, drug etna e N tactories, land farm implement i nes making the hest showing. Predictions of an | Price on Application. early linereass in Mid-Continent crude pr nd the announe '“‘i that th Brothers had ae- block of Texas cor J metal and the maintenance of réla- EDDY BROTHERS & & Members Hartford Stock Exchange NEW BRTAIN HARTFORD nEmoEN BurritiHotel Bidg. Hartford Conn. Trust Bidg, Colony Bidg, Rossia Insurance scored an ex- points, Adan press 10, American Rallways Ex- 5 8, €urtiss Aeroplane T 1-2, At- intic Refining Radio, 1 Cust fron Pipe, Wright Aeronau- and Collins & Aikman, 6 to 6 pre | 4 to reports ¥ climbin 3 points to a new record Western Union Inter- Gimb Bros. tespons ing earnin We Offer: lLow Close 1701 American Can Am Loco . A Sumatra Am Sm & Re Am Sugar Am Tobacco . Anm Woglen MEMBERS HARTFORD STOCK EXCHANGE Atchison Balt & Olio. teel New Britain National Bank Bldg. Tel. 5200. Bernard A. Conley Brayton A. Porter. Cer De Pasco ‘hes & Ohio 1 & Pac hrysler Corp lo Fuel ... 67 ‘ongoleum ., 41 ‘onsol Gus ..114 ‘orn I’rod i Yav Chem Jodg: Bros irie RR wm Players “leischmann port Tex Asphalt We Recommend and Offer Guaranty Trust Co. el e s T {"I"'CI North & Judd . B |twenty years ago, when 12 employes 'M“nu ors Peck, Stowe & Wil .. 19 ‘\\ ho were also members of the Russcll Mrg Co ... +.115 Scoville Mig Co . 50 ‘.\'(.IH‘LH‘AI Berew ...... 113 | Stanley Works 6 59 | & Torrington oC com —_— 108 . vion it co-..... — = Dry Chief Faces Public Utilities Stocks, | Conn Blec Service ....108 405 | Supreme Court Conn Lt & Pow pfd ..102 104 Hid Elee Light ...... 136 140 | NB 8 . f S0 | Southern N 178 118 1 | | | junion, were dismissed. The company did not recogidar the union. Hudson Motors s Hersheys n Coment ... Int Nickel Int Harves Int Paper Ken Cop Marland Oil Mo Kan & Tex 331y | TREASURY BALANCE Central ..176% N Y N H & H 585 North Amer... 61% North Ps Pack Mot Car 773 Pan Am Pt B 41 Balance, Radio Corp s Roebu Sinclair Ol Southern Tu ‘Prices However, Show [n- provement Over Yesterday | New York, June 14.—P—The | bond market was quiet today, with prices showing improvement. U. 8. government obligations, however, were roft. Most industrialists made small zuins, while Anaconda Andes Cop- per Ts advanced more than a point | cach, Pierce Arrow S also gained @ | point on buying encouraged by an- nouncement of negotiations looked to a merger with Studebaker. A few | utilities were wealk, notal nnes- 10N wart Warner 85 %, Tesas Co e Tex Gulf Sulph 661 Underwood Union Union Carbide 14 14470 United Fruit . 137 $61e 137 U S Ind Al 1083 Jos1ty U S Rubber U N Stes) Wabash Ry West Bl Willys Over Woolworth Wrizht Acro Am el & Tel Dr. K. . Shumaker of Indianap- lolis, 1perintendent of the Indiana Anti-Saloon league, faccs trial be- fore the Indiana state supreme s 4 A court on charges of contempt of o “"‘,"""m"“':“"' fs, Which slonp- court- In the Irague periodical, it Raile attracted most buying, hut ;h e, S Siuesties prining # b > e criticism of the supreme court | charging they had wet leanin price changes were only fractionally upward (Furnished by Putnam & Co.) | T forcimn list was firm. | > Incurance Stocks. T SR | Eivphants have been known te N S T 10 TAKE STRIKE YOTE |uve 100 seare. {Aetna Life Ins Co .... 895 Aeina Iire Automobile Ins Hartford Fir: National Fire . Phoenix Fir Connecticut Company and Employes [ Disagreement and Latter Will R tN Take Ballot Tomorrow en ow | New Haven, June 14 (P —As a . Before July 1st pfacturing Stock sull of a disagreement between th e T 72 |Connecticut company and ils em- People who are plan- A Am Hardwa 3 A Honlsry 3 " Iployes a strike vote will be taken by ¢ ning on moving the Beaton & Cadwell .... wo Itrolleymen throughout the state to- first of the month are Bige-Hfd Cpt Co com 90 ug |morrow. The result of the vote will looking for a place Billings & 8 pencer com — i Ibe made known at a meeting of the right now. Everybody Billings & Spencer pfd — jtrolleymen’s executive board in this fho wants to remt, Britol Bruss 15 city on Saturday. Tt is understood | reads the rent ads in | Colt's Arms ARy that the company agreed te arbi-| The Herald every day Fagle Lock S trate the matter of arranging a new | until they fnd the Fafnir Bearing Co 1 — | wage scale but would net arbitrate | :‘,"fl? ihat suits 'h-.- Hart & Cooley .. ..... 240 — Iseveral other points raised by the | ill they see your od* Landers, F ... ol 18 unien men | N B Machine 25 Tn the eutive history Af Gie obm- Phone An Ad N B Machine pfd 102 - pany there has been only one atrike | 925 i Niles-Be-Pond com A6 63 land that ene occurred more than \ ) . -