Norwich Bulletin Newspaper, January 9, 1920, Page 3

NOTICE The Annual Meeting of Plainfield 'Branch of the New England. ik Producers’ Ass'n Grange Hall, Plainfield, January, 10th at 1.30 P. M, fAr. F. C. Warner of the Providence Branch of N. E. M. P. A Saturday, maiters of interest. y Agent B. W. Ellis. .All members requested to be present and all milk producers cordially invited. Per Order, JOHN E. TANNER, President. NATHAN EXLEY, Secretary. NOTICE . The 126th Annual Meetin=® of the Mutual Assurance Co. of the City of Norwich will be heid at the Norwich Savings _Soclety Monday, Jan. 1920, at 10 2. m. Notiee to Policyholders. Policles will be renewed at the Nor- . wieh Savings Society on presentation. C. R. BUTTS. Treasure:. RUST STAINS Disappear like magic while you watch ‘em by using IRON RUST SOAP. 25 cents in stamps will bring a tube ! enough for 200 stains. Absolutely ef- fective and non-injurious. H. F.,S. DISTRIBUTING CO. Box 48, Uncasville Why Throw Your Old Hats Away, when you can have them made a5 good as new i you bring them to the City Shoe and Hat Cleaning We also dye all kinds of Shoes, in black or Erown., —adx 33 BROADWAY THAMES RIVER LINE. Steamer Cape Cod, Whitehall Trans- ortation Co., Inc., leaves New York, be held at| 12th, | Cincinnati,’ Ohio, Jan. 8. — August Herrmann, for mgre than s'xteen years chairma nof the Natfonal Baseball Commission, has resigned. His resig- nation, which was presented at the an” nual meeting of the commission here today, is to take effect at the earliest possible date, not later than the joint meeting of the National and American Leagues, ‘ called for February 11/ in Chicago. 3 Nothing was given out ‘at the close of the executive meeting to indicate what prompted Herrmann to tender his resignation at this time. John E. Bruce of ‘Cineinnati, secre- tary treasurer of the baseball com- mission, announced that he did not wish to serve in that office if Herr- j man wag not returned as chairman. Outside of minor cases the commis sion confined itself to a discussion o aleged baseball gambling. In this con- nection it was said that these charges ! wonuld be followed up in a thorough manner and threshed out to the satis- faction of the baseball public. | siMMy cLABBY WiLL RETURN TO THE UNITED STATES Jimmy Clabby, a former Nerwich boy and former middleweight cham- i pionship, has written Matt Hinlke, | Akron_promoter, asking for. matches { with Harry Greb, Mike O’Dowd or Mike Gibbons. Clabby will leave Aus- tralia about the end of this month, and is anxious 'to meet the best light heavies and middleweights upon his veturn. . CRESCENTS DEFEAT THE CONN. MILLS QUINTET Conn. Mills went down to defeat at the hands of the Crescents on Thurs- day night in Parish hall by the score of 38 to 13: The game was fast and very rough. Norton of the Conn. Mills team was a big offender in the rugh stuft line and played a ‘regular foot- i Hermann Resigns As Nat. Commision Head gl e bout in New Haven was a surprise to Billy Gibson, mapager of Benny Leon- :{d, who declared tonight that “the au- thirities knew all along that it was to :‘e a twenty round bout to a deci- ion.” He said that the match will be held later in some other state. Jimmy Wilde Wins. the English flyweight champion, easily defenated Johnny .“Babe” Asher, ban- tamweight champion of the A. E. F., in' an eight round no-decision bout here tonight, according to newspaper men. AT THE WILIMANTIC ALLEYS, Overseers. Melady .. . 84 68— 241 Jacobs 87 96— 259 Follette .. , 96 79— 254 Aspinwall . 99 110— 311 W. Higgins .. 89 88— 283 452 455 441 1348 Officials. - Anderson . 82 80 87— 249 Hills . 96 87— 282 White - . . 88 82— 269 Costello .. .75 98 82— 255 French .. ... 95 86 99— 270 450 448 437 1335 LARRY DOYLE TO STAY WITH GIANTS AS PINCH HITTER Not since ‘the "days of Sammy Strang” and Harry = McCormick has John J. McGraw, “of the Giants, had a man who could pinch hit to his en- tire satisfaction. McGraw is a great having one of these utility hitters haiging ‘round the ball rark, where h: can be called upon whan- ever the occasion requires it. Accoré. to the latest reports, Mc- Graw uds to stick to. Larry Doyle anl grotra him for the post once so St. Louis, Mo., Jan. 8—Jimmy Wilde Another Democratic COPYRIGHT PRESS ILLUSTRA(ING SCAVICE, N. Y., A new photo of Senator Atice Pomerene, who is prominently mentioned for the Democratic nom- ination for the Presidency. Jack was a burly athlete and could work all day without slowing .up. In Lowiduss L. oher Noagis wid Peasants ¢! Finland Have Thei entwined with the passage of time above ground is singularly absent in the passage of time underground. In Mammoth Cave, where there is no variation of temperature, no water and no light, the three great forces ! of geological transfermation cease to! operate and even Father Time must perforce pass through some parts of Mammoth Cave and leave not the slightest imprint of his journey. A for use at home, true ginger Produced other language is in’twenty quarto volumes and weighs close pounds, volume abriGzement of it, presumably This and practically | all the Arabic dictionaries were made to 100 ‘There is a fifty pound ten in the time of the great Harun-al- Raschid. The Islamic Empire is credited by Moslems with two great eras. first was that of conquest, when the The | . GINGER ALE The first thought when ginger ale of character and quality— The distinctive, delisious ' flaver of this product—aged and mellow marks it as ginger ale perfection. . in a bottle built for two—ta be served at restaurant and the -home. HARVARD CO., LOWELL, MASS. Boston Branch, 45 Commercial Wharf Norwich Distributors for .Harvlrd Ginger Al=—James E. Moore, 79-81 Water Street. qne - seeks a hogany, which is acknowledged not . to be mahogany, but which is sbo simi- lar to it in color, grain effects and working qualities as to serVe for the rare wood. E L The statement is made that while - Cariana differs widely 'in its botani- cal and anatomical characters from true’ mahogany. its close superficial resemblance to muhogany and . its a m Il taxes must be pald to Tax Col- to 12 m. and all biils receipted by him. by mall, please enclose stamp 10r. receipt Al persons neglecting to npay this du g the month of February. . be proceeded against and T cuted as directed by the laws of this State. Dated at Sprague, Conn, this S$th day of January. 1320 JAME: AM'GUIRE, Collector. oy TR SRR T Fox Farming Profitable. In Yukon and Alaska are several fox ranches. The farmers regularly catch fish by nets on the lakes or by fish wheels along the river banks for the foxes. “These foxes are generally healthy and strong, because they are always supplied with food unlike th gaunt brothers who roam in the wilds. The high value of the pelt and the ability of the fox to live and breed in a.lim- ited area has resulted in the estab- Iishment of these ranches” twrites E. C. Steffen, in the current issue of Hunter-Trader-Trapper, Columbus O. “I visited these ranches and secured a number of extra-fine pelts: among them was one that was considered one of the finest silver foxes that ha been seen here. While the Al Yukon wild silver foxes are giants in comparison with othe: his one was unusually large, heavily furred and beantifully marked. The silver fox pelt is most highly prized of all Alas- ka ang Yukon furs There is nothing more than a sure thing. uncertain OLDS Head or chest— are best treated “externally” with VicksVaeor YOUR BODYGUARD" - 30%. | LEONARD-DUNDEE BOUT TO TO BE HELD IN ANOTHER STATE New York, Jan. 8—Revocation , of the license for the Leonard-Dundee who pitched for the Boston Nation- als, in the days of the great Tenny, Lewe, Long and Collins combination. Stivetts was a sweet hitter and when he wasn't pitching he would be called upon to take up an outfield position. MARKET WAS NARROW.’ New York, Jan. -8,—The aimless and occasionally heavy drift of to- day's stock market was-accepted as further proof of the revision of spec- ulativé _est.mates: resuilting from the policy of credit restrictions recently reiterated by the federal reserve board. 2 Dealings were relatively small in volume and contracted as to scope, the character of the trading leaving little doubt of its professional origin. Almost the only shares to display more than slight animation were those controlled by pools or under bear pressure. 2 After alternate reactions and recov- eries the market hardened in the last hour, steels, equipments, ‘secondary metals and several of the oils fea- turing the irregular rally. - Sales amounted to 850,000 shares. The address of Director Hines, advocating reorganization o the railroads by compulsory consoli- dation and the prospective course of congressional leg.slation made vir- tually no impression upon transporta- tion issues, which were neglected throughout the - session. More flexible money tendencles, as suggested by an abundance of de- mand loans at 6 per cent. and a few General reduction for the shorter maturities, attracted little attention and exert- ed no visible influence. Rates on London anc Paris were again- moderately unsettled, although pressure of bills on both centers was said to be light. The weeklv state- ment of the Bank of England was favorable, however showing a sub- serves. Accompanying the course of stocks $5,000,000 (Total Authorized Issue) THE NATIONAL OIL COMPANY OF NEW JERSEY First Lien 7 Per Cent. Serial Gold Bonds Dated November 1, 1919 Maturities As Shown Below. EARNINGS On the basis of present earnings, net earnings for the current year will be in excess of $1,000,000, and after completing the projected additions and betterments, net earnings for the year 1920 (exclusive of any income from now nearing completion) are conservatively esti- mated about $1,500,000, and for the year 1921, when the Company will have the full use of all operating facilities, such net earnings should be not less than $2,000,000 after Federal taxes. We Recommend These Maturities $500,000 due May 1, $1,000,000 due May 1, $1,500,000 due May 1, $2,000,000 due May 1, Bonds For Investment and Prices. : 1922—99Y, and interest 1923—99 and interest 1924--98Y/, and interest 1925—98 and interest STOCK OPTION WARRANTS on initial purchases of the First Lie the National Oil Company the purc| ceive stock option warrants, valid u; 20 shares of the Common Stock 20 shares of the Common Stock of the Company at 20 shares of the Common Stock of the Company at ~A. B. LEACH & CO, 5 €. ROYCE BOSS, Representative n Seven Per Cent Serial Gald. Bonds ith each $1,000 ‘Bond .will ntil EMPJ‘;"L 1‘95‘1:} entitling h"}fnm buy: of the Company at $ Spq- share .~ 15 per Plant Buildin of | i offerings of time ‘funds at a slight|c FINANCIAL AND COMMERCIAL the movement of bonds was narrow. Liberty issues were not materially changed, but foreign war flotations ¢ased with domestic speculative raii- way bonds. Total snles, par value, aggregated $13,500,000, Old U. S. bonds were uncounged on call. STOCKS. The followins is @ summary of the transactions o the New York Stock Exchange to 3 P. Alifs Chalmer sits Am. & Hide & Leather pr Locomotive Tel & Tc Am Anaconda Cop Atchison, T & Atchlson, T & Baltimere & e Reth - Steel pr Brooklm R T et Putte & Super Canadien Paclfic Central Leather . Central Leat Chandler Aty Chi' & Nwest . Chic; R T & Pac Chile ~ Copper Chino Copper Crucible Steel .. Delaware & Huds: Gen Motor pt Gen Motor' 6 pr Gt. Northem pr Gt. No Ome_ctfs Insplration Cop .. - Kelly ‘Tire .. Lebigh Valley Maxwell Motor . Max Motor cifs Mexwell Motor 2 pr .. Mixican ~ Petroleum . Miami - Copper Midrale Steel .. Missourt Paelfic Missouri Pacific i Nat. Fnam &St New_York _Central NCUY N H Penneylvania People’s Gas Plerce Arrow . South Rallway South. Ry pr .. Tenn Cop .. Tobaceo Prod Union Pacific A MONEY. _New York, Jan. money firm; high 6; low 6; ruling rate 6; closing bid 6 offered-at 6; last lo.g §: bank acceptances 4 7-8, “7 coTToN. New. York. Jan. 8—Cotton steady:” middling 3925. =~ - spot B0 . 0914 99.06 in’ dollars and cents per $160 bomd. CHICAGO GRAIN MARKET. Vict -~ Quated High. Low. Closs. us% 1 140% 3% 138 136% 1% 183% 134% 5% 8 4 8% e | just ask Hughey Jennings.” QUICKSILVER PRODUCED IN THE UNITED STATES According to F. L. Ransome, of the Uniteq States Geological Survey, De- partment of the Interior, produceds in the United States reported for the period July 1 to September 30, inclu- sive, a total output of 5,207 flasks of quicksilver, of 75 pounds net each. It is estimated that three or four small operators in California and two or three in Nevada, from whom no re- turns have yet been received, may have préduced from 10 to 20 flasks, and that it will be sufficiently accu- rate, pending final figures for the en- tire year, to consider the total pro- duction for the third quarter as 5,225 flasks. This is an increase of 1,285 flasks as compared with the second quarter, or about 32 per cent. The to- tal production in 1918 was 32,3883 flasks. As the production for the first three quarters of 1919 has been only 15.125 flasks. if the total for the year is to equal that of 1918, the output for for the fourth quarter will have to amount to 17,758 flasks. This is far beyond any reason able expectation, and the outlook at present indicates that the total production for 1919 will be about 20.000 flasks. Sixteen mines were reported as productive during the third quarter, or the same num- ber as in the second quarter. Of the §.207 flasks reported, 3,903 flasks were produced in California. 1.209 in Tex- as, 71 in Nevada, and 24 in Oregon. Quicksilver reported on hand at the mines or in transit to market at the end of the quarter amounted to 2,185 flasks, as against 1,635 flasks at the end of the second quarter and 2.800 flasks at the end of the first quarter. The average monthly prices - of quicksilver in San Francisco for the first nine months of 1919 as quoted in the ining and Scientific Press were as follows: January $103.75 February 90.00 March . 72.80 April 73.12 May. . 84.80 June 94.40 July 100.00 August 1£3.00 September . 102.60 As compared with the prices in all previous years, except 1874, these prices are extraordinary high, yet the output for the year does not seem likely to surpass the 20,524 flasks pro- duced in 1912, when the average price was only $42.05 a flask. Six Thousand Tons of Arsenic. The white arsenic.produced in the United States in 1918 amounted to 6.323 short tons, valued at $1,213,000. By far the greater part of the domes- tic white arsenic ' consumed in the United States in 1918 was used in pre- paring insecticides and weed killers, the total quantity so used in 1918 be- ing about 2,000,000 pounds, according to the Uniteq States- Geological Ser- vey. Department of the Interior. Near- 1y 1,000,000 pounds. was used used in the glass industry and a small quan- tity in the preparation of drugs. How Mammoth Cave Breathes, Mammoth cave breathes once a year; that is to say in summer when the temperature of the external air is above that of the cave the cur- rent sets from the latter to the for- mer. In fact the cave is the entire summer making an_expiration. On the othér hand, when the order is réversed or the outer atmosphere is below 54 degrees the cave makes an inspiration, or draws in Its breath This is accomplished during the win- ter. Hence it is frequently observed in the spring anq autumn that there is no motion of air in either direction at_the mouth of the cave. In summer when the temperature fs near 100 degrees the air rushes out at the entrance to the cave with such force as frequently to extinguish lan- terns carried by visitors. This condi- tion prevails, however, for only a few yards. . At a distance of about half} a2 mile from the entrance the motion of air is hardly perceptible at any time from the fact that the Mmain avenue enlarges so rapidly that it plays the part of a reservoir, where a current of air from ary direction speedily is neutralized. If a current of air blows from with- out inward and is below 54 dégrees it does not zass more than a quarter of a mile before it is brought up to that point. Air above the average temperature of the cave never blows Into it. . i - The element of change inevitably general. Coats costing from $50,000 to $85,000 are uncommon but they are being bought, “America is not only importing the finest Russian sables but is produc- ing the best specimens of theblack and silver fox, mink, seal, otter, beav- er, fisher, wolverine, bear, lynx, bad- ger skunk raccoon and muskrat. All these and many others in hundreds of varieties are domestic products.” Reports that wechlthy Americans had representatives abroad buying up so-called “royal’ furs were dismissed as nonsensical by Mr. Argenbright. For 75 years he said, there had been no such thing as “crown” sables. Er- mine also i less popular than ever in the history of the trade. “Tt is an olg and mistaken idea,” he said, “that thé finest Russian sables| are not shipped outside of that mar- ket, these skins being supposed to be the former Crown Russian sables. In former years, when Russian sables were not so_expensive, natives in the interior used to pay their taxes with pelts.” In those days the enterprising fur collector had not penetrated the wilds of the Siberian forests. It was the custom of the trappers to dis- pose of their season’s catch to the Russian government but since sables have become so much in demand and the prices are so high, the natives have found they can do much better selling directly .to the collectors who come from all parts of America and ‘Europe. 3 Arabic Dictionary Most Ponderous The ponderous dictionaries of Fu- rope even the famous many volumed etymotological index of Larouse, which is the monumental work of all; modern tongues are more than sur-| passed by the Arabic dictionaries of | 500 years ago, which are still the great authority for students in that language. tare air, have long lists of syuonyms that interchangeable and in constant use. This affords some slight explan 50 Inrge a size. A®sic so the Arabs say, was the also contemded by them that it was the tongue in which Abraham spoke. Mahogany in Furniture. It is interesting to note that more than twenty mahoganylike woods are now offered as true mahogany, not to mention a considerable number of woods cunningly stained to. imitate mahogany. In the present circum- stances, therefore, when the demand for mahogany is greater than the sup- ply, unusual interest attaches to such woods as Cariana or Cclombian ma- ation why 'Arabic dictionaries are of | language of the Dabvlonians, and it is| . ; v : t < X ! change of seasons is unknown: day |only -history was written with the | physial properties at once distin- o ars sty River Wednesdays and!ball game Aside Trom Norton's|.bi, filied by these mever to'bo for- | o save: a8 Wwell as now, plichets|.ng’niznt, morning and evening, have |sword. Then came centuries of Mo- |guish it as a high class cabinet wood: 3nd Bandays t T p. m.: New Londgs s | [ough work both teams plaved a fast |Zorten rirc” men, Strang and M- [feec DSV looked upon as g00d WU |no” existence in this subterranean |hammedan domination, when the | When properly seasomed it does nb . m. s between Nor- f&?nmfi?:m'csgrfdmr%rcrfxfcceri‘iif;’&w?n Comik. Old-umers as well ‘as - | t5 the rule and he could hit'em a mile, | WOrld. ~ |Moslems peacefully held the empires|warp, ¢heck or shrimk, while much : wglcrx and T e Staterooms, the Jast Balty Tha Bacretat thersnalaels day fans will recall the might: Many a time he was called on in the _ they had conquered in Asia and in|of the lumber is beautifully figured. &Il outsi -10, including war tax. the first was 11 to 10 in favor of Conn. | S7:!lS 0riitered by these two I last inning and seldom did he fail to| SKETCHED A GOAT, SUIT the -Iberian Peninsula. During these | It works well, takeh a filler readily- F. V. KNOUSE. Agent. e s I e favor of Cont |mun vhenever they( Were' summoned | oss oo, AND DRESS TO COST $o75|art and literature flourished. anq the [and can be highly polished. = = led in a victory for the Dare Devils | ‘st ol & Hat: A gfoup of fans were discussing the| New York, Jan, T.—A ISt A s e ey = o et G setibg A - When Strang wis with the Giants| walior Juinson the other day when | aort g Lol Jan. T—An artst for alyi; the flower of this period was in 5 = o LEGAL NOT!CE g L T BoRETTor ermon, bat - amen "z | one of the number announced that in | Setched s cont. suit and. dress at a| (¢, Eolden time of Calit Harun-al- | myses ey S : ng sort 'of person, but when heyis opinjon, Johnson has the speediest|horilo : i ) Raschid. - - E Crescents. fras sent up there in the pinches, my, | sitchor of all time. One of th group |iocal factory, the combined whole- | “gacn o the words that have been 3 s Goals Fould Totals|how that good looking youngster|ieno could go back a few. sense. toon |28 Price of which was $975. 1€ | familiar in the daily life of the nomad ) = o Balale, =t : z 18| o comply theoia Loulsville SWUE- | exception to the opinion and ventured :g‘“gfi'-°°f,f§egggfée{f:"dc;,e‘s"“saé“izg Arabs for centuries has an énormous €rica’s: - L e Mill 2 |ger, was the same with the lum- i : 875, th L s number of synonyms The lion. for . 3 PERSONAL TAXPAYERS. Vickery, ¢ 0 2 2 |bering Harry. The latter was never ;gggd“;“:g Huste, hadn't as. muchiand the suit af $325. 'Here were three|TETRSE O SVROIVIME ChS. fon. fof d N B Jishosice is hereby given to ail persons Doy rs § 0 2 |y Jome on, speed, but hie could club| were ‘even moce Tespti coatnes e gariente wWiith Bl :‘sie}‘%‘r ;would | hunted mot only for svort but as a est ln ustries - Powh of & Felos { White, 1f . cea B Za 2 |the.old pill around. Those were the 5 a < i R nUyEh At et "aS | matter of necessity. Therefore in the = 3..’;'1"19”;5\-‘}“53.? Sl‘ltw‘ ]('1?221’;:3:”!'”" Murphy, & .= 1 g 2 |happy days for the Giants' manager. Of“i”’:fiz ‘t}eol"":;“:le\'\evr sav!vlgsl\?:hpsngggl:; sald. Such instances in Fifth avenue 70010 G pro o ¥y oty T ore In no section of the country Tt saritin bob: 1980 ace ot - - 35 |Now he has designs in the direction|eo:tinueq the champion for tha ol |SHOPS of how the high cost-of-living |4 ™) hundred aifferent names. Th 5 23 such persons being assessed the sum of | 17 4 38 of Doyle and it looks as if the smiling | goosier thunderbolt. “Why, I would has hit the rich are by no means rare. | ., o1’ was the sole means of trans-|are there so many 1mportant 5 * two dollars as his Personal Tax, and | Conn. Mills. coal miner is due for the emergency |Jike to refer you to Hughey Je nnings, | On¢, indow displays a. rose white ! ortation across the. thirsty deserts facturi t - for, the purpose of coliecting the same|p 0o ¢, % 5 o0 |work. Of course, this does not mean|yas sir Tughes. who sas with thor o | blouse for $3,500. sio ] and is characterizeq in 122 difterent |11 4 I U TACtUring enterprises.: evers Tuesday and Saturday, from g | Elliott, It . 4 0 e Ch the wroush as an astive|Orioles’in the days of Rusie, and Who |1 foro s booe Sy iy moerey | Wavs But above all the horse and!that have been operating suc-- p. m. to 8 p. during the month of { Walden, ¢ . 1 1 3 |player. n the contrary the aggres-} asi- - ie's e i s 1o | the sword were the two great stand- i .- . - 1530; "at 'the store of Webs | Neston” rg o rnre 0 0 o |[sive little Colt, will be used as often | podily Shots with bis hond, and wag|52id J. W. Argenbright, a Brookivn |1, ¢ 0 the arab. There are more |Cessfully for generations as in® 3 andis Hanover, Wednesday, | \arland, 1g .... 1 0 2 {as is necessary. ; |1aid up for repairs for some time, Oh | mPorter, “and the demand is less X-|p.pn 909 qifferent ‘words that con- INew England. It is obvi - e AR =3 i L As regards pinch hitters old time|yes timt lad Kusie had some Speed; | Clusive and more widespread than eV-|yey jgeas of “horse” and “sword”. All W England. 15 Vious - T (e g e Bl o 1 13 |enthusiasts can recall Jack Stivetts, | es: P |er before, showing that prosperity is)other famiBar words, woman. sun ana|that well selected securities lof these companies must offer advantages investors will find: difficulty in duplicating; For a description of one of the best of these securities, write for Circular No. N-B- 1515. ' BODELL & CO. 10 WEYBOSSET STREET PROVIDENCE, R”:q' T g ew Yel Boston Preferred Stock, 8% Cumulative .. Common Stock ........evunninnn. Price | o ek asos G oamraon. Btask The .Arabic dictionary most used by scholars who are familiar with no e S e e e e ity Tennessee Agricultural Chemical Corporation 8% Cumulative Convertible Preferred Stock Dividends quarterly—Feb. 15th, May 15th, ‘Aug. 15th, Nov. 15th, CAPITALIZATION Authorized Tssued . (Par $5) $ 500,000 $ 500,000 (Par $5) 1,500,000 1,500,000 Capitalized on an extremely conservative basis; product for which there is an ever increaSing demand; appraised valuation over seven times the entire Preferred stock issue; earnings over mine times Preferred an- nual dividend requircment; Preferred stock is convertible into Common, share for share, at option of the holder; both Preferred and Common is- sues are free of taxation in Connecticut and have equal voting power. 200 shares 8% Cumulative Convertible Preferred Stock | $1,000 Special circular upon request THE W. T. FIELDS CO.. INVESTMENT BROKERS 902 Chapel St., Tel. Liberty 5870 New Haven, Conn. el i sl A et e A i e Rl common. 207 State Street dividends were cumulative, ) lines that the preferred stock of the U. S. Steel Corporation and the Standard Oil Co. of New Jersey are built, and that is why we say they are old-fashioned, excel- lent as they are in other respects. NO. 10 but not always. The Old Order Changeth Twenty years ago takes us back to 1899 and to another century! Who does not know what twenty years will do to the style of a derby hat, a woman’s skirt, the shape of a sleeve,—yes, even to a baby carriage! If you want a good laugh get out the family album and look at your 1899 photographs! But twenty years can work marvellous changes in other ways, too. days ago we called attention to two excellent preferred stocks. Both are quite old- fashioned, even though one of them happens to be less than a year old. Twenty years ago many of America’s great industrial corporations were in their infancy. Preferred stocks existed—had existed for a number of years—but they differed from common stocks.in only one or two simple ways. If the com- pany went out of business the preferred stock had to be paid in full ahead of the 1t also stood first'in the matter of - dividends. And that was all! For the preferred stock of today is a very different type of investment. It has been strengthened in quality and attractiveness in many ways, and has lost none of the good points of its predecessor of twenty years ago. What some of the changes have been we shall discuss in succeeding articles. ; HINCKS BROS. & CO. MEM_BERS NEW YORK SPOCK EXCHANGE. A few Usually, too, those It is along those Conn. Bridgepozt,