New Britain Herald Newspaper, February 24, 1930, Page 17

NEW BRITAIN DAILY HERALD, MONDAY, FEBRUARY 24, 1930. REPORT FOR 1029 |1t e oo i | CURR DEPRESSED; |Stock Market Turns Weak Today NA , BY STANLEY WORKS 'f;;:):;;;l,;‘i,s;;l.d;];j;’,;';.2";‘,’,;7,:;‘;‘1";::;‘;;fi‘;;;:j,;;;g:i,:;;‘;fyg;g;;:.;;.;vl;;:,rl;;;;f;;:;jljg UTILITIES BREAK Atter Early Hour of Irregularity; PUTN, ,M & CO. Mambers Now York & Hartford Steck Ea tools to our line, your company has |and cquipped to facilitate the neces- D l- R F 1 10 P . “fi! L oS P < m Pt : . |now a broad and satistactory assort | sary research work. eclines hange From | to oints 3 ST MAIN ST., NEW BRI Expansion in Electric Tool Lln&\:‘n;fi",\"‘.““ bio dlectrlc wood o 1 Welare of Linployes (General Petroleum Tssue Arouses| g _— TEL. 2040 work “Marked attention has been given | | Ml B Sl o s 2 ing tools s the distribution LT T e St . . n ST . Timk'n Rol Ber 5 7 and Bridgeport Plant | ool e oo mact |1 e wetfaro o ur workng forve | Some [nfepest fn List | Feeble Recoveries Do Little Union'curnic i _ MAKTPORD ORFICY, ¢ CENTRAL ROW, _. THL. 2188 Txpansion of the Stanley Works uring the year 1929 is described in 3 n i Union Pacific 2 customed sales outlets, we arc or- | other P epema i s | - ; | Uni c Enlzinglal fow aalesbioveolion s ot el b e o e to Offset Losses — Bear |Utd Gas & 1 the annual statement by President | i Clarence ¥. Bennett which stoc products, planning to con- | heiter than usual and compares fav- the prevention o N holders received in the n today. | 1S manufacture partly in New | orably with other manufacturers in | wre segregalin he i T ew York, Feb. 24 (A—The curb | United Co ities today. S .. 261 g 4 3 ¥ Trading was resumed after the | t 24 HARTFORD \ 2 rsehiliotRes i the Stanley c A A Gt e | Mr. Bennett lays especial stress on s ST po Tl ln (R newARIen ot BrolDliTy/o g rcess in a quict and des- r S [ 3 - the development of the Stanley L . and partly hoenix, has | © our Aceidont record o |Narket was moderately depressed | Pressure From Southern|U s 1nd A 15 40 15% We Offer: | insurance en approved a | by renewed pressure against the util- S Realt | ultory ~ fashion. The irregular . s : : D e e R e s D e e e e el B o , CONNECTICUT CO and the purchase of several com- adlition we have a worki ar- ftion has been established at the|mived and indecisive character of | T | Woolworth ... s § 2 panies, the nufactures of whose | MANgement with the Van 2 American Tube and Stamping plant. | (1o week-end business and trade re-| New York ». 24 P—The stock plants have 1 to the Stan- | M HoolRccInanye iR - | Working conditions for our office | nores left {raders in a cautious and | Market turned weak today an ley electric lir 14, Mass., for distribution of | force Ta improved Fbyaithe e it T s e ey | carly perio rregularit Writing of business conditions in Atha fo igeport, rearrange- | Shares Sag During Day dation of stocks was generally at general, Mr. Bennett says: As a k ¢ and automobile tr 1 1 rovement of lighting ”\} America s & Electric and Con- | tributed to ti wed weakness o whole, the sales and earnings for the organized the anu- | t e plant at South | go)iqated Gas of Balt re sagged a | Wheat and L futures, which| | few points, and such sh | sank to n els for the sea- | have been normal despite the | and sale of E Shaf a new small office in ; fact that building construction : : orpor ler thc | the Stanley Steel company of |iic Bong & toir b ko £ Geedany | ceting our marlket for hardware and | Mame o : tr da and sound proofing and | oter Contral States Kleetrie. Cun| mOReY S nties avor|Actna Li ; Fsne o marke Lo bz oty N P e | b S S R e SR EpDY BROTHERS 8 G2 cent less than the average of the|New Britain, all of stocl 3 e B [ vestment demar e onio ; 1 iz | 4 . I ey THiL M veen|whiER company 8 ow e T e ol s ised off a, " contributing fact [Sonieae B Members Hartford Stock Exchange offset by a good year in steel and | Stanley Works. Tt I budgeting system in all our plants| 1n th, . rra Dacifie| , Berly decline v from 1 {o | fartford caee Tole T e 5 > <ome of our various lines of manu- | create a reputation f Slaas el e e 108 Hioin I Hifd s 3 : NEW BRITATYN, 29 W, Main Street cae i tr buoy featu < Nat | re.” Tools which wi tmer e v s ter a R ture epartment or |rose moderately into new i | 2esl 1 laboratory for s rescarch ground for the year. In the petro-| Krofessionals finklowen [Enoeni] HARTFORD MERIDEN whirh will be refs o Trading w lar 1| Travelers « { L S T o =) aQ i A G Manufacturing Stocks 33 Lewis Street 13 Colony Street upon itial transactions on a when- | war A e s e our products, in wh o1z issued | ek oW Genss 4 m a 3 General e from sou e Capital Stock LOCAL STOCKS (Furnished by Putnam & Co.) 2 Price at the Market Insurance Stocks Rid A firmer firmer | * ing in the world Development of Bridgeport hardware and is referred t the report crred hoth 1 A leunm group atiention was trained or advance.” old problems re financial sta B ¥ S lits loh Decenbdr 3 l S c Ivance in | te o adapt the same methods | Petrole ares, proposed holding During the year dividends on com- | =ial t at t e * physical |over the woeek developments in the : on stock amounted {o $1 100 | e T 5 s : e x: iopin per cent stock dividend on I n three separate | improves y of our +| shares on the big hoard, and the | cxtra payment of ts a share | Hart & > s 1 i mon stock amounted to Ithois 1 moderate volume, [ was authorized on Sou n Oil. | Landers Bennett’s report follows [in the process of cons i \ contin 3 ested the court injects an cle- | New York, ree. Atrow. Automes | North & Judd “To the stockholders of the Stan- | main pl: ' I - [ pra policy of the company ment uncertainty into the situa- | bile all rop Ta507ha | Peck, Stow Works rt h v develop our own men fo . The vacu bmit herein the yoar ¢ \ o different. divisions of our Lusi- | c the annot nt for the year end- ) mpleted ¢ ) ness and m a ce for ad- | crate adva r 31, 1929 ; é quipment L thedl vanceyien op 3 High priced industrials and spec- | Star Work lition to the financial state- | manufacture of hot : I | through the ! group, Court- | iaities were again the hardest hit in | Torrington ( for your info an up-fo-date plant luc 4 of d., sagged to a new low for | the selling movement. J. I. Case | Union Mf outlining herewith " d mill c ad becon 5 tock i otable for |t vement, in responsc to its an- | broke 10 developments of the compony dur- flete. The wooden office of this |t 3 ¢ tock dividend au- tement ares respond- | cess of the year before g 7 scll Mfg Co cement with a mod- | nut Packing and Timken troit | Scoville Mfg Co ©il group gen- | marc avorable showings Standard Screw points, but r ceder ] ; » showing a large covered five points of its lo: Public Utilities Stocks As a whole the | 1 as been torn dowy th stockholders at a ction in carni \ writing off of & |burn Auto sold down 8 3-4 n P s and carnings for the year have | placed with a modern office recent 1 . now issued and out- sum of investments, a States Steel 7, Safeway Stor ~en normal despite the fact that | vic enue. With thes L Durir e past three o =, 1 Atchison, New York and Har- | i : Luilding construction affecting our | together with changes made dur © years your company has made| . Shares L'all Tn London lem, National Lead, American Can, | Hrd > Light s ew or an SR SSL and carpenter | the e proviols years of large cxpenditures out of the DR slumped decided- | Westinghouse Electric common and Hfd Gas Co com .... T g el et e less than | ownership, this plant has bec it | plus for the building of the Farm- reir principal first pfd, American Telephone and | Hid Gas Co j nt condition and w ington river pewer plant, and for the { several —strong | General Theaters Equipment sold | N verage of the vious four fin excel B Gas . . This has been offset by a|further need for any large expendi- chase and improveme Eihe [Rlacesiin dhgiind '\"‘f’_\#"fl‘ n, 3'0“ | down 3 1-2 points to 179 1-2, or 10 | S ern N Toli =2 177 s | Bought, Sold and Quoted 00d year in steel and some of our |ture of money in the immediate ican Tube and Stampi ; £ Was In sm points be ast week's high, 1 Srodiesa i jous lines of manufact iture i Izgepor 1t is the ief | — TREASURY BALANCE | ; . ner Arch, National Baking “The year 1929 has heen i New Britain Division G e me that th i prefer been wise expenditure Newport company K cti period for laying the “AL the jware division in New g reached ne high levels for the| Sales to 2:10 p. m.—1, lation for ex of | veloy nt and irotection h. Britain, we have as in years gone by, X year, and Deere new and American | Shares, ) Vo | company and should br At A o 4 Chain firm. High sonable return on the c Siest o e Reduclion manufacture by iMProving our |vested. 1t has o s : Investt Trust & Holding com- [ Air Reductio ethods and equipment a St S j Dol Sheres were gulel wnd larkely | [ed Chem 370 etk our stockholders that thes R e | Al1is ®halmers cl tures should be expressed e e e Paiy RREL § B e Eisler Electric Corp. THE MARKET AT 2:50-3 P, M, | Lreasury Balance, $63,86 We Also Recommend continued to rec t cost of haps the most interesting develop- ment has been the advance in our Jine of electric portable tools. Such | plant for some years past and | oo S o a Am Can . YO Tl iy O ihe S atkot | Baneol : L 4 the stockholders approved of to e Am Car & Fdy : ¢ ce per e o0 hartatie a ‘ and authorized a stock dividend of e e e a0 CHANGES AREFEW s 5 = it s e ot | Consolidated Laundries Corp, butts in modcernist nancinl Statemen i 3 > ive is woe davivers, nut runners and additional | 7 s sEinanciale bl | Am Tel & Tel 23375 e tive this w o hardwarc 1 finnn; a nt o 2o ! sines of drills and grinders. DUV s o gond. vear, Duiliing o | "Gutsiitid: statement or tve stonts | LLICES FiPiD Bt Tnterest Slight | Am orecton. e e leen added by the purchase of other |H¥ILY Maving been somewhat be Works s “Aflatea” Compunies | I i Vihieon e s P s i B e companics already engaged in the | \"””""“ g ”']‘“ Ly -;‘ " States. | Decenibenislyidbed ! —P 0ne Conve]llhles Lefld | Atlantic Ref.. 39% & { s Aireraft & Transpor- business. Notable among these is | This plant also cxten its fac ‘[ N 1 SSSA {Balt & Ohio..116 6 1 1 . has received an o All Quotes Furnished Over Direct Wire Garter company withia[Uics Tor pressed metal ate B i o5 and 3 s 5 Rendix Avia .. 40% 391 5 2 pi and 15 extra en- Phoenix, 2 v Rdd sdiipom; LIRS Lt A b N i T New York. Feb. 24 (—The hond | Beth Steel ... .1001 % 983 s, valued at approximately § various portable | busin-ss : Doy dnat e e sk market plodded along at a slower | Briggs Mfg 151 5 10, for shipment to Peru. Par {ools ¢ Rule and Level Plant t § pace in the early workin F . B trading todt. Bush erm the equipme r the Peruv clectric tools, “In the nd tool division of the t a her prope s K Prices w [4 rally firm, but su I'mt & Hecla < 2915 91, |army. Other plancs Il be u crs, routers, mortis- ley Itule and Level plant, spe- . I e motha ama ro3%issdS ply and demand were 8o nearly | Canada Di passenger and mail scrvice, y . truments, doing | cial ntion has been given during nae ased 4 *qualized that changes from the Iri- cific On the N. Y. Curb Exchange city the same kind of w the year to the simplification of our red cha ) expenso 112 day close were inconsequential, The | Cen Tiloy Steel 317% General Toods, Ltd, Canadian|[| New York Giicago Bridgepart ‘done by hand planes, | product rination of absolete [ . . o two communication companies con- | Cer De Pasco.. 61% SAleEalbs dlarror the Central Mbod New Haven Meriden Hartford ) ; e o ot || Totar vertibles gave the list a relief from | Ches & OF a5 2n ; B I f . Al : efe. The purchase of the |items and pericctign in mcthods of Liabilities fver & o1 et from | Ch hio. . 2281 (b T L 0 O e s New B Satents and assets of the Ajax Ham- | mannfactur . i paagle” the monotony of fractional, varla- |G M St P & P 243 ivitics landidistribition ot (et Hros New Britain Office R R Divid ™o January 1, iens “hi Pne T : i o o A \or corporation has added an cx-| “The Atha Tool Division has add- B 9 5 Chi Pne Tl cm icts of five of the Canadian con- ||| Tel, 5625—5626—3627 55 W nt electric portablc hammer |ed to ils line of hand forged tools, | o hon e International one 43| Chrysler Mot .. 3 38 : stituent companies. These companies 55 West Main St, which s used by contractors, tele-|a line of high quality automotive | Tuhe 3 { dropped more than points on a|Columbia Gas . the Canadian Postum Co., Jell- phone companies, railroads, ete., for [ mechanics’ tools and their eptionl 8334 = Zeigalen daDi000. 10 ”'ff'i“l"i"""_ large turnover, while |Com Solvents . 5 801 3 O company of Canada, Walter the murpose of chipping stone and |by the trade during the past year 5 962,627.10 “""'“ an Telephone 4l%s slumped | Cong'm-Nairn , 17 % | Baker & Co. of Canada, H making holes in stone and concrete | has been very gratifying. v inte lia 2 liakout the lower levels only | Con Gas NY 4 ;1211 5 . and 2 for wiring, piping and other like | “In the Stanley Steel company at i i . 200,5 ‘“\‘;‘a‘l“_o”"; 188 feaine out,ihowever. f Contin't: Can i purpos2s. The purchase of the a Hamiiton, Ont.. Canada, an increase | (27171 z S onn | et e SO ble 41s were alsa | Corn Prod ... 94 of the Crowe Manufacturing cor-|of our Canadian steel business has acer 9 §.455.770.75 | Father heavy on a few sales. Curtis-Wrt em 10% poration of Cincinnati, brings to us |required the erection of a new mill |~ i 'nune TLack Tone DRt hamical % i 7 | several sizes of electric stone saws, | type building with necessary equip- . : 9 he rails lacked tone. Fractional | Del & Hudson 1743 1 1 several sizes of portable electric (ment for ded rolling and anneal- | 5 t of th 5 es In ‘.H .‘_ I'mu‘. 4135, Penn- | Devoe Raynlds 4213 13 ' ), wood saws with adequate power and |ing capacit a ' o s ption | hl-mm: Gold Rock Island 4%s stmn Kodk 2071% 2 3 | excellent patented safety features, | “The Stanley Chemical company [of the investn n the Sta Mot [anar Northern Pacific 53 were | Illec Autolite 99 9 U as well as a linc of pneumatic saws. | has made excellent progress with an | o6 (Frnaty Whih 122 : [Matohcd sasier Stendenet Elec Pwr & Lt 62% Members of New York and Hartford Stock Exchanges | R Goneslidated Tacome nta Fe General 4s, Chesapeake & | Erie R R... 601 5 | s A, - S 55 West Main Street New Britain’ Phone 2580 Stuart G. Segar, Managesr and Surplus Jhio 415, Chicago & Northwestern | Fidelity Ph Ins $0 pun st 11t 55 and " St. Louia & San Franciseo | vox Fiim A.r 36 . s Swiss National Pastime Grows 1145, Mobile Ohio 414s rose a |kreeport Texas 401 M.L.GORDON & CO. | s e en s S Bl Sl i 5 | DSy e | Less d alion{on et 0T industrials and s developed in | Genl Motore .. 427 1 | Gone Feb. 24 (UP)—Switzer- e (ehite restments — Securities secon listing lee Trans- | Genl Pub Serv 427 3 ! \ational pastime of Alpi . . . Investments R | S e s G e s 0 frtoa 1 e Connecticut Electric Service 300 MAIN STREET TEL. 6119 - 5900 sesa dividends declared dur- Pacific Coast §s fcll and Cuba | Glidden Co ecm 3 4 | that tistics hereafter will b Dominican Sugar 71.s per cent cer- | Gold Dust . .. 421 5 Kept on the number of accident | tificates tumbled 4 to a new low for | Goodrich Rub ‘| dead | the year. | Graham Paige 103 | 00,000.00 | I°rench bonds improved. Lyons 6s, 1dy Con Cop 5614 — | Marseilles fs and I'aris-Lyons Medi- North pfd 100} 44 o ) We Recommend: | Tot Y Iterranean 6s averaged about a half | iudson Motor 56% " Va e slatistics 210,000.00 Price on Application. urplus Decembe 2 % §485.770.75 | point higher. but there was virtually | Inspirat'n cop 2 ) number of dead Sl no move in t government's 17 Intl Harvester 915 9 ars of acci Govel] iver Fi |and 7s. Intl Nickel ... s | 10 the fact that in mountain clin gl am & ‘r ‘Pla‘"“ll!e I)“‘“ ¥ lne(‘i | On the whole, Tluropean govern-|Intl Tel & Tel 701 X In a dozen Persons or mor ~ ’F | For Fleeing After Crash ment obligations found a stronger | johns-Manvillo 13 s are sally roped together and < 5 . (Special to the nmn‘;ul o | market and there were gains in | Kresge Co 3134 114 | iecident, may ¢ Ny wl MEMBERS HARTFORD STOCK EXCHANGE Southington, . 24.—John Pel-| Netherland 65, Poland 7s and Bel- |k G 293, | from one to six lives, i low of Sofilh('anal street, Plainville, | gium s, ‘I‘:Zf:; \:{ffi‘; = The death toll in winter also New Dritain-Nationa! Bank Bldg. with driving while under the Liberty Loans Quict Liguld (Cakinic 5 re excee ? . - Tei, 5200 001 Tiberty bonds were irregular and | Marlin-R'kwell i 461, |owing to the rapi lopm ¢ Bernard A, Conley Brayton A. Forter. land costs in the town court today by quiet. The trading was so dull that | arath Alkali .. 5 425 | Skiing. Avalanches Judge J. Lambert Degnan. The court fnone of the treasurers changed | y\f K & D RR 545 5305 53% |Show storms are 3 1 DIRECT PRIVATE NEW YORK PHONE CANAL 4517-8. | remitted $50 of the fine hands d the morning hours. | fig Pac ... : o115 | cnemies of thosc E | Petlow was arrested Friday morn- | The dian National mship. |ing by Constable George Schubert of | Lid., 95 years issue of . Plainville at the request of the local [ gy o 100 | Nat Biacult 5 2 | cid ; ith | police after an accident on North | Otherwis here s it new | Nat Cash Rog o o . 1al of deaths, Manhattan Company | & i i ot Dot B L D0 G 8 il o o ‘ |said to have been the driver of an|syndicate which took the $65,000,-| N Haven RR , 120 95 the preceding three-year period of | UN[TED GAS COMPANY that crashed through 50 feet| g0 city of New York loan some|North 10 1923 to 1925 inc > the | Am Co 1 |of highway fence about 2 o'clock |time ago announced that all the| 4 2 | total number of acciden s oniy ~ e ST a E 1cec 1 Northern Pac u 967% 3 943 | 10L& - P Y The Manhattan Company’s new huvxldmg—onc of that morning. Ho was held under |ponds had been sold and it also be- | owens Glas:u s bs1s | 112 with 13§ deaths, Preferred and Common the highest skyscrapers in downtown New York—has bonds of $300. came known that the more recent|packard Mot o 131;| While the statistics hold the been called the finest business building in the financial issuc of State of Tennessce bonds. | Pan-Am B ,.q 516. | responsible for the m section and is an indication of the efficient and pr | State Eagle Officials totalling about $29,000,000, had | par't Lasky w. 663 & g5 | winter accidents, Alpine Mont Ward ... 3 {MlIor gt C s Nash Motor E / We Recommend i hi ank rates ers te|been distributed. ) Py 3 295 & are the cause of the gre gressive management under which the bank operates. To Attend Initiation|"**" “2Y | ;:':““ Sfl‘ \’I-; 30 2 B NS et ~avs EIne < i o onlcily: Shoclks | Hickey of Ansonia and State § 2y = i | Radio Corp s Ce 145 | the edge a precipice or o ' moved o v 1 . leading New York bank stocks. tary John L. Moran of Meriden will To Earn College Tuition | ;zq-xcith-or 5 o281, 29 |of a peak that the averag - | was 120 ¥ i 1 th s are formed by MARKET ABOUT 130. Britain aerie, ¥. O. E., on Thursday | ing buffalo meat to larze hotels is|Rem Rand ... 35 ; o S eath. e b ing something fo a_red man .l Indians Still Use Pile who reads the sign language of the dates will be initiated into the order. | Griffith hope to finance their col- | Roy Dutch NY 50 5015 s Ren n ov M o i 4 i The building committee will make | 1ego cducation. S aran Trees Rented and Moved | Of Stones as Post Office o is also a “he-he” stick at r i ; Gl y eb, 24 (P—Many | ¢ Fxirheis \oro | W0OWS what the stick means, but no o 5 ress toward tho new home. Lunch | buffalo calves for market in the be- | Sinclair Oil . 2 Los Angeles, Feb, 24 ancient Indian “post office, L ik veit Tx o Investments That Grow will be served after the meeting, | licf that the flavor of buffalo steak | Southern Pac 5 3 | finc trees of this locality never know | orthwest Indian ever passes one . ° The card team from Bell City|will prove attractive to clientele of | Southern Ry. 3 where they will be rustling next. $Fas s Sk 5 3 A Eetiee Fu“er RICht AIdl‘]Cl’l & Co aeric of Hagles will meet the card|large hostelries. Through scientific and Brands 2 Duels arc fought and love try “-”' l ‘_I“H»l"“‘.‘ 19 S e EOARH by, er team of the local acrie tonight in a | feeding, the boys have fattened the | Standard Gas 9 |are held bencath them. They weave | Clark trai he 4 fitlons 3 e T e A ’ H O return match. Last week Bristol de- [ animals from 300 to 800 pounds. Std. Oil Cal. .. 59% 5 581; |as man-made wind m through | forest. | The citizens of the principality of are out to score revenge tonight. The | successful, the broth plan to|std. Oil of NY 35272 3 beats down upon them. These trees | city o 1d looks much like a city | taxes. ':-\\]»‘nu: is derived entirely MEMBERS HARTFORD STOCK EXCHANGD games will be played in the local | raise buffalo on a large scale. Now |Stewart Warner 397 3 are rented by movie firms and so- | lot with curious collections of rub- | from the Monte 1 time will follow the card | while his brother attends the Kan-|Texas Corp. .. 51% 51 51 |1t is not unusual for a tree weighing | have piled up ttle moun: FOR BEST RE: 3 game, "] sas state Agricultural collcge. ‘wms Gulf Sul 61% 60% 61 |12 tons to be shifted within a short |of stones and pebbles, the signifi-| USI; HERALD CLASS Manhattan Company's stock is the cheapest of the | State Vice President Joseph A | W71 Qall Rarflaln Mo I ot : ; ing to pick some rare blossom a 1. “We frequently move tr nee of which is understood by no Compan; ‘ ! re.| Will Sell Buffalo Meat man Co s i e | make an official visit to the New mand, Kas, 1°ch. 24 (®—Sell- | Reading RR . 6 6 |mer alpine climber falls Lo his | ) ¥ manag tions of flat stones, each | evening, when a class of 25 candi-|{he plan by which Harry and Paul| Rep Irn & Stl o iwest tribes a robort at this meeting of its prog-| The brothers are feeding three | Sears Rocbuck §9 . By Hollywood Producers | rcwiston, Taaho, 1reb. 24 (P—ain ‘post office.” No white man [aiadecn red men still - post | without stopping to leave some | ~ ated New Brita ) E S| 3 rime rove | S )il of N 593 § 55 | their boughs and an artificial rain| The “post offic is as larg f 100 r requir COMMERCIAL TRUST BUILDING NEW BRITAIN [ fotted New Britain but the locals hould their experiment prove |Stw Oil of NJ 59 | Joseph M. Halloran, Manager. Tel 1253 club rooms starting at 8 o'clock. A | Paul has charge of their “ranch” |sStudebaker ».. 433 22 ciety matrons on various occasions. | hish and rocks,