New Britain Herald Newspaper, December 31, 1928, Page 17

OPTIMISTIG VIEW FOR NEW BRITAIN J. C. Loomis Saps Gity Gan Congratalate Itsell BY JOHN O. LOOMIS, Presideat of Commercial Trust Co. A long distance view of what lies over the hill for business in 1929 promises continuing and increasing general prosperity. The outlook for some lines, naturally, is brighter than others. On the whole, how- ever, a careful analysis of condi- tions tends to support the statement made by President Coolidge in his last official message to congress that “the country is in the midst of an era of prosperity more extensive than it has ever before experienc- ed.” The recent abnormal condition of the stock market presents the pos- sibility of a set-back. The question persists among students of the sit- uation: “What will happen when the bottom drops out of the mar- ket?" The first answer to this is that it is by no means certain that a really disastrous break is bound to occur, A general and abrupt de- cline in prices would, undoubtedly, be reflected in a temporary slowing up of business, but in that event the essentially strong economic position of the country, as a whole should operate to bring about a quick re- covery. However, it is effected, & return to more normal conditions on the stock market would aid tusiness through an easing of money conditions. The building in- dustry, especlally, may reasonably expect an increase in activity as the result of lower interest rates. The bond market, too, stands to profit from an abatement of the speculative fever. As a matter of fact, betterment has been roted since early in September. The market as a whole has shown great- er firmness and prices are on the up-turn. An indication of how sound is the credit situation of the country is the recent report of Secretary of the Treasury Mellon. Receipts total over four billion dollars, expenditures less than three billion six hundred and fifty millioas, and the national | debt has been reduced by over| nine hundred million dollars, | Generad trade conditions are sat- | isfactory and bid fair to continue | favorable throughout 1929. Coal production, hoth bituminous and an- thracite, ends the year well ahead | of the last months in 1927, and| operators look forward to an in- crensing demand in 1929. Unfilled | steel tonnage and steel ingot pro- Aucts have shown a substantial ad- vance over business during the same period of 19 A satisfactory demand and higher prices may be looked for in the first months of the new year. Automobile produc- | tion has increased in 1928, and al- though the average for 1939 may drop below that for this year, the recession should not be marked. Textiles and agriculture, the two conspicuous “poor relations” of in- dustry, show signs of cutting in on the prosperity circle. Reports as of December 1st showed that gains noted in textiles in October had been held. A record for mill con- sumption of raw cotton was set during October, Agriculture cannot point to such definite symptoms of improvement, but conditions cannot be said to be worse than a year ago, and the prospects for governmental relief measures seems brighter now than at the beginning of 1928. New Britain has reason to con- gratulate herself on her position at the beginning of another new year. Employment i generally good. Mer- chants enjoyed a good holiday buai- nesa. In brief, it may be said that, New Britain and the country may look forward to a steady expansion of prosperity in 1929. PNEUMONIA SERUM REPORTED DISCOVERED Anti-toxin is Based on one Formerly Used But is Much More Powerful Washington, Dec. 31, UP—Pledge made by a New York millionaire to aid acience in fighting pneumonia after his wife's death from the dis- ease four years ago has resulted in the development of a serum that is expected to cut sharply into the death toll from the malady. Dr. George W. McCoy, -of the United States Public Health service who aided in the development of the serum, said that L. N. Littauer, mil- lionaire glove manufacturer, of glo- versville, N. Y., resolved to do all he could to help conquer pneumonia after his wife's death and that funds he contributed aided materally in the development of the serum. The new serum is based on a serum formerly in use, but is said to be much more potent. It has had the approval of a number of me ical physicians and physician's | organizations. FILES DAMAGE SUIT Shanghai, Dec. 31 (P—The Nip- pon Lusen Kaisha steamship com- pany has filed suit in the United States court In China nagainst the United States Shipping Board asking $35,000 gold damages for damages alleged to have been caused at the Japanese company’s wharves hcre on Oct. 29 when the American Pion- eer line steamer Edenton crashed into them. The American vessel was leaving nort when the accident happened. She did not suffer much damage herself and continued her voyage Shipping Board officials sald that the erash was caused by the treach- NEW BRITAIN DAILY HERALD. MONDAY, DECEMBER 81, 1928, What Are The World’ Best Invesiments HUNT FOR CHILD WHO LEAYES HOME IN OHIO Search for ¢-Year-Old Melvin Horst Leads Officers to Capital Oity Orrville, Ohio, Dec. 31 UP—] for four-year-old Melvin Horst, who disappeared from his home here late Thursday, led officers to Co- lumbus today. Two women report- ed last night they had seen a child who fits perfectly the description of the missing boy, on a street car at Columbus Saturday night in the company of an elderly couple. ‘The women sald the couple ap- peared to be too old to have a child of that and the elderly woman's great affection contrasted curtously with her evident unfamiliarity with the boy. Their suspicions were aroused later when they read news- papera accounts of the missing Orr- ville boy. ‘The women notified City Detective Otto Phillips of Columbus, who in- formed officers here. The descrip- tion of the boy seen in Columbus was found to tally accurately with that of Melvin, according to State Senator Alton H. Etling, village soli- citor, The Columbus report came at the end of a widespread and unremitting investigation which left both county and village authorities, citizens and private detectives baffled. Whle officers were investigating the Columbus report, 50 voluntecr searchers set out this morning to explore & 100 acre fleld near the vil- lage. Numerous stacks of railroad tles there, officers asserted, make it an ideal place for slayers to hide a body. Nurses Narrowly Escape From Burning San Antonio, Tex, Dec., 31, UP— Thirtecn nurses and the surperin- PRIEST OFFICIATES Rev. Stephen A. Bartkowski Laads Clergymen of Gity Rev. Stephen A. Bartkowski, pas- tor of the Holy Cross church, led the clergymen of the eity in the number of wedding ceremonies per- formed this year. He united 45 couples in matrimony. Marriages by other eclergymen were as follows: Rev. Walter J. Lyddy, 88; Rev. Walter J. McCrann, 14; Rev. hemn Lawlor, 16; Rev. Matthew J. Traynor, 3; Rev. Victor Piaskowsk!, 14; Rev. John F. Dona- hue, 36; Rev. J. J. Keane, ¢; Rev. Lucyan Bojnowski, 20; Rev. Daniel Thomas J. Laden, 13; Rev. E.' V. Grikis, 16; Rev. W. H. Alderson, 18; Rev. Dr. G. W. C. Hill, 16; Rev. T. A. Greene, 15; Rev. Joseph Dan- kevich, §; Rev. D. Papadotos, 2; Rev. 8. A. Grohol, ¢; Adjutant Carl Fred- rickson, 1; Rabbl Gershon Hadas, 13; Rabbi J. H. Aronson, §; Rev. Martin W. Gaudian, 14; Rev. Dr. A. A. Ahlquist, 13; Rev. Samuel Sut- cliffe, 10; Rev. B. B. Styring, 8; Rev. A. T. Bteege, 10; Rev. Willlam Ross, 9; Rev. R. N. Gilman, 7; Rev, C. J. Fredeen, ¢; Rev. F. W. Schaefer, ¢; Rev. Dixon A. Brown, Rev. Dr. J. E. Klingberg, 3; Rev. T. 8. Dunn, 3; Rev. H. O. Oliney, 8. Claim Stars Effect Lives of Humans New York, Dee. 31 UM—Astrology may have no standing as a sclence but, like many practices and be- liets which originated in the more | credulous past. it sometimes comes |within guessing distance of the |truth. The idea that the stars have an effect on human affairs received tendent of Baylor hospital escaped cremation by minutes early today when they were awakened by flames | and fled from their burning dorm tory across the street from the hos- pital. The two story dormitory was destroyed. Miss Majorie Nowlin, Miss Barnes, Miss Edith Douglas and Mrs. Vir- ginia Speers, were injured in ecap- ing. Of the four, Miss Nowlin was the only one receiving burns. She also is belleved to have received a fractured hip in jumping from a second story porch. D DEAD; RNIFED Watertown, Mass., Joseph Simone, 43, was found dead in the hallway of his home by police today. In his side were two knife wounds and the police later arrested Peter Scalese, 45, a neighbor, on a charge of murder. Simone's wife sald the two men had been drinking O erous tides in the Whangpu river, The date of the trial has not been | announced. We Recommend--- and that a quarrel followed. Blood stains on a knife which Scalese had American Hardw. This Stock Offers An Excellent Yield at the Market. Dec. 31, (®— | eclentific support today in so far as jone star—the sun—Iis concerned. Discusing ‘“‘some social conse- quences of the human life cycle.” Dr. Altred J. Lotka of the Metro- ' politan Life Insurance company {pmmed out that the birthrates and !death rates of large groups tend to i fluctuate up or down over eertain | periods. Such fluctuations, he said, “are probably related to oscillationa {in the weather and these in turn probably hang together with varia- ithml in the sun.” French Soldiers To Receive Pardons | Paris, Dec. 31 M—Hundreds of t courtmartialed soldiers will get par- ;dons or reductions in sentences as :New Year's presents from President | Doumergue, ! The president, in accordance with annual custom, today signed 3§1 commutations and was considering 337 other cases recommended by the “ Many |1n his possession led to his arrest. | minister of war for clemency. | WILSON & CO. Investment HARTFORD 75 Pearl St. Tel. 2-7111 Securities NEW BRITAIN 55 W. Main St. Tel. 5800 AT 4 MARRIAGES! ] Maase, 15; Rev. Carl Fuchs, 14; Rev. : We Believe Selected American Insurance and Bank Stocks The insurance business is conducted almost entirely upon a cash basis. A bank’s commodity is money used in many ways under National and State Government supervision. Almost all insurance companies have but one class of stock, therefore all stockholders share alike. Banks have no bonds or preference stocks having priority over capital stock issued. Steady rate of growth for Insurance Companies and Banks both in favorable and in unfavorable times. Management of the highest type both in capability and integrity. The many advantages enjoyed by stockholders of American In- surance and Bank stocks (valuable rights—extra dividends, etc.) We consider Bank and Insurance Companies the highest grade Investment Trusts. These and many other reasons, lead us to recommend the purchase of the following stocks: Insurance Stocks *Aetna Casualty & Surety Co. *Boston Insurance Co. *Aetna Life Insurance Co. Continental Insurance Co. *¥Conn. General Life Insurance *Fidelity-Phenix Insurance Co. *Travelers Insurance Co. Globe & Rutgers Hartford Steam Boiler *Home Insurance Co. ¥Aetna (Fire) Insurance Co. #*National Liberty Insurance Co. Automobile Niagara Insurance Co. *Hartford Fire Insurance Co. North River Insurance Co. *National Fire Insurance Co. St. Paul Fire & Marine *Phoenix Insurance Co. Springfield Fire & Marine *Providence Washington Ins. Co. Security Insurance Co. *Baltimore American Ins. Co. United States Fidelity & Guar. Co. Banks Seaboard NATIONAL *Chase Chatham-Phenix Chemical *Commerce *First Hanover *National City Park Bankers STATE Bk. of N. Y. & Trust Co. *Corn Exchange Fifth Ave. Manhattan Co. Mechanics Bk. of Brooklyn Farmers Loan Tr. Co. State *Guaranty Trust Co. United States *Manufacturers TRUST CO. New York Am, Exchange Irving United States Equitable *We particularly recommend these stocks at the present time *Public some of these stocks and keep them long enough to enjoy the experiences that stockholders have enjoyed || BU during the last five years. Shaw & Company Members Hartford Stock Exchange 75 PEARL STREET Tel. 2-0161 Hartford, Conn. NEW BRITAIN WATERBURY Tel. 5200 Telephone 4738 Hartford Private Wire 4655 Direct New York Wir e—Canal 4517—4518