Norwich Bulletin Newspaper, August 4, 1922, Page 10

& Inter Paper Kennecott Lehigh Valley FINANCIAL AND COMMERCIA! —es Mexican Petrol Miami Copper MoK &Twi, MoK &Toprwi Missouri Pacific . MARKET WAS BUOYANT New York, Aug. 3—The general trend in today’s restricted rading on the New York stock exchange was upward, nterest centering in the oil shares and u fow of the high grade industrials and specialiles for which there has been a toud investment demand. Wall Street’s optimistic view of the wrike siiuation and the improvement in loreign exchanges were redectad in the abroad belng reficcted here. - Sterling advanced quarter of a point, while o tinental bills showed a gain of 4 in i0 points. German marks mads a net Te- covery of over a cent, being quoted at 13 3-8 cents a hundred when the markot closed. Canadian exchange was at a discount of only 5-16 of Jne per cent. @ new high record. Missouri Pac p N Y _Central Norfolk South North Pacific Pern R R . Pierce Oil STICKS. Plerce Oil pr The follnwing 1s a summary of the |Ray C. strength of opening pri After the o o y Con .. avernight orders Bad been dlapysed of | transactions o8 e New York Stock Ex- [Resdings.. tae market lapsed Into pronouncsd dull- | havse uv to 3 P. Replogle Steel Hign. . 13% Close 1% was relieved during the noon 2 attack of the short interests. . §00d support was fortheo: Rep I & Steel Rep I & Steel South Pacific Allied Chemical Allied Chem pr Nat Enam & St . NYNHGgH Norfolk & West ... o % Maxwell Mot A 168% 174% 2936 2033 17% 11* a 20% 56% 543 963 30% 183 116% 22% 563, 553 97% 313% 18% 18 T, 6% 7% a 183 5% 32 70% 92% 90% or . 58% 103 . 23% 8% 43% ¥ NEW YORK FEDERAL RESEEVE BANK New York, Aug. 3—The statement cf conditions of the federal reserva bark of | New York, at the close ' of business on | Allis Chalmers South Raflw1y” . b ing and prices rallled and held ste: .. the end. S DA SEar Southern Ry pr Mexican Petroleum was the individual [ AT Tenn Copper ... 1 feature, showing a net gain of & 1-4 |7 Tobacco Prod .. .. 4% points for the day. Other foreign ofs 4 Tobacco Prod A ... T8% wrengthened in sympathy. Domestic | °, v K¢ s Sils a%0 advanced in the fase of further | AT Woolen Union Pacifie 143% jeo cuts for crude oil and gasoline, ) ot ) G’ Union Pac pr ..... ;g% stanial gains being recorded by Tex- | {CAL JNL v U S Rubber % Cosden and Phillips Petzole- | | & 1017 101% |y 8 Steel 101 nlooked for strengcn was at- | AUh T &8 F 92 92 U S Steel pr . 119% e quarters to the covering T T G e : short contracts. \ % % | west ‘Tn ¢ Low grade rails were 1n good de-| 1}[;‘2 1;: | wittys o'land nang, cago and Alton sha showin, 2_’; 9]‘? Willys O'land pr e gth in this group. Oth-| oGR8 (L% o EE S = e rails held firm on limizad cealings. | 2 T E 0% 301 303 | CONDITION o Reports have been current that many of 't S0 S the high grace rail and Indusirial gt SE socks traded in recently have been ac- i o T % cemuwated by mrong intarests and o0 SO EE 5 wizhdrawn from the markst, Amunishing | i r. v 21 the nauln; supply. Chi 30 | August 2, shows: GAr siocks were Sroig on TepOrts oy, yr & St Popr 46% | Total gold reserves $1, of ekl prices for crude and refined 4 ] RS L S R preduct 1 scatisties inilcung that P the aval n surply will be virt- H { meni ted before th: 1036.478.73. uvally exhau: new erop 18 rican Sugar was at a Dew hig and other ssues of that grop hardened In sympatiiy A.re and. Madlingon rising to new 1922, Other strong spuls were can Car and Foundry, Faderal x0d Smelt Louts and and ‘Western Union Shipping shares, Mercanylle preferred, and equipments, tike American and Baldwin Locomotive, were inchined to hefiviness. Total sales spproximately 560,000 shares. | Frupp Motor car Call money opened and held at 4 per | Jilinois Central ... Time money was mn falr demand | Illinois Cent pr A .. with no chamge in rates. Int Harvester A better tove prevailed In the foreign | Int Mer Marine . exchange market, marked improvement|Int Mer Mar pr AlL others § 353.00. ising shares wera in good colworth, Jullus Kayser and hizh levels for Amer! Uncoilected it Due to meml $746,880,643.89. Gen Electric .. Gen Motor ., Gen Mot Deh ... Gen Mt Deb Tpec .. Gt North Ore Gt North pr 044,159.00. led by International F. R. notes li per cent. cent. middling 21.7 @14 1-8; 32.12; fututres unchanged ; FAMOUSrorQUALITY WANTED Experienced Clerks—Stenographers (ypists—Comptometer Operators Telephone Switchboard Operators by the lead steady, All others $16,344,883.60. 16,844,883.50. Bills bounght in open market $33,331,- Total bills on hand $72.212,715.33. Total earning assets $2%). tems $140,457,072.41. bers: Reserve F. R. notes in actual circulation, $623,- Ratio of total reserves to deposits and abilities combined, CoTTON New York, Aug. 3.—Spot cotton quiet, MONEY New York, Aug. 3.—Call money easi- ler; nigh 4; low 4; ruling rate 4; closing. Dbid 4; offered at 4 1-2; last loan 4; call loans against acceptances 3 1-2 METAL MARKET New York, Aug. electrolytic spot and nearby 14; tin weak, spot an 32.25; fron steady, spot 5.75% 80; zinc firm, East St. Louls spot and |Dort that large blocks of Libarty issues nearby delivery 6.30; antimeny, spot |are being offered for sale in the coal 5.25@5.62. mining districts, indicating a weakening — of the striking miners' cash rescrves. BOND MARKET s sales (par calue) wore $13,501,- New York, Aug. 3—Investors confli-| 'he only important new issue today dence in the successul outcyms of the | ol tha 39,000,000 first morteage . b railroad strike was reected ia the brisk demand for railroad securiti>s in today’s bond market, which was strong in tone. French and other European issues aisol recovered from their receat heaviness in New York, New Haven & Hartford Railroad Tmmediate consideration will be given applications, for at once filling the positions of employes who may leave our service in the event of a strike, as a result of the vote now being taken by the Clerk’s organi- zation. Qualified individuals of good character, accepted for established positions, are assured of steady employ- ment subject to continued satisfactory service; they will not be removed to make places for employes who may strike, and desire later to return. The strike, if called, will be against orders issued by the United States Railroad Labor Board, and, or matters now before the Labor Board for its considera- tion and action. The rates of pay and working conditions will be those established by the United States Labor Board, or in accordance with the Transportation Act of 1920. WAGES Minimum (two years’ experience) $22.06 per week, and upwards, depending on ability and importance of the position open. Apply to R. N. SMITH, Superintendent 1ne New York, New Haven & Hartford Railroad Co. Union Station, New London, Conn. ACCOUNTING DEPARTMENT Those qualified for and desiring positions in the gen- eral accounting department, should apply to: ACCOUNTING DEP'T EMPLOYMENT BUREAU N. Y, N H & H. R R: General Office Building, New Haven, Conn. K] 41 165 814 44% secured by govern- war obligations, for members $22, 1.465.33. account support. Brazil T's were at & mew low, 3—Copper firmer, |and weakness was also shown in the later 14 | Other issues of that republic. nearby rices s 563 B4% 96% 313 18% 17% 8% 5% 1% hestse o e and - Oxfordbezsene: Cieise 132 MAIN STREET | BROADWAY SANDALS — The popular white Elkskin Sandal, with leather soles and rubber WHITE PUMPS AND OXFORDS — Closing out the season’s newest models in White Pumps U. S. KEDS SPORT SHOES—In a large varietys of - trimmings s o o0 0 nd THE MODEL BOOTERIE WERE $5.00 AND $6.00 $3.95 $3.95 $3.95 NORWICH, CONN. response to the swabilizaticn in forelgn | exchange rates. trong features of the rail group were Great Northern 7's, which tcushed 111 1-2, a new high;* Northern Pacific sixes, New York Central New Yerk, Ontarfo and Western refunding 4's, St. Louls Southwestern 4's, Baltimore and Ohio gold 4's and Pennsylvania gold 7's, the two latter also at new highs. Third Avenue adjustment 5's reached their highest point in several years on reports of a prospective resum: dividend payments, but thsy weakened toward the close. French government 7 1-2's and ’s and the various French municipal _issues were firm, together with City of Prague 7 1-2's, which slumped perceptibly yes- terday ‘on the withdrawal of syndica's £6.0 Liberty prices held firm except for the inactive first second convertible 4 I-4's which dropped 70 points. Dealers re- per cent. sinking fund goid bond of the Long-Bell Lumber company, which was offered at 96 to yield 6.35 per cent. Liverty Bonds. Hign. Low. Claee U S Lib 3%s ...101.08 101.09 10109 U S Lib 2w 4s ..100.52 100.52 1005 U S Lib Ist 43, 10144 10134 10144 U S Lib 2d 4% :00.64 10052 100.60 1-2 ov 4% .101.30 10130 ~ 101.39 U S Lib 3a 43 100.66 100.56 U S Lib 4th 4% 10150 101.30 Victory. 4%s ...100.82 100.86 100.90 do called ...100.52 100.43 100.50 Quoted in dollars and cents per $100 bond. Foreign Exchange. With the exception of sterling, sl quotations are In cents per umit of for eign currency: Year Sterling.— Yesterdav Acc Demand S444% 3% K% % % % $3.50% Demand L§4.44% Cables 444y {Franes . . 823 Guilders L3854 Marks 13% Lire Swiss’ francs Pesetas- Belgian Sweden .. Denmark . Norway Greece Argentina Erazil CHICAGO GRAIN MARKET Chicago, Aug. 3.—Despite big expert buying, wheat averaged lower in price today touching a fresh boitom record for the season. Selling pressurs from the new crop was heavy. The market closed unsettled at 1-2c net deciine to 1-8c advance, with September $1.05 3-8 to $1.05 1-2 and December 31.07 -3 to $1.07 1-2. Corn finished uncnangsd to c down, oats lost a shade to 3-8 @ and provisions c to Lowest prices of the day in the wheat market were reached soon after the op- ening, and it was then that the export | buying set in. About 1,100,00) busheis were purchased here for shipment to Burope, and 500,000 more at the Atlantic seaboard. As a result of this ctimmlus, all deliveries of wheat here rallied tc above yesterday's closing quotatioas, but the bulge led to inzreasel eclling and brought about another set-Back n values. Arrivals. here were large, totalling 500 carloads. Primary reclepts, taken as a hole, were again in excess of the ag- gregate a year ago, the exc:s3 howcver, being only 40,000 bushels. Weather con- ditions in the harvest region were favor- |abel, and ralns in Canada pat an end to talk of damage by drought. Corn and oats declined with wheat and |as a result of rains In tns Southwest that were of benefit to growing corn. Provisions were weak in tie of any special demand. Chicago Grain Market. Wheat— High Low. Close Sept. ... 108 104% 105% 107% 106% 1073% U2y 1% 2% 815 60% 6134 583 573 57% 3t 60% 61 33% 32% 33% 38% 3% 353 39% 39 9% WESTERN_RATLROADS HAVE RECRUITED 15,259 SHOPMEN Chicago, Aug. 3 (By the A. P.).— Western railcoads with headquarters in Chicago added 15,259 shopmen to thelr forces between July 25 and Aug. 2, said a statement issued today by the western presidents’ committee on public relations of the Association of Railway Execu- tives. On July 25, according to the state- ment, western roads had 44,501 men in their shovs, and on Aug. 2 thz.number was 59,760. The daily increase of men 100.62 | controlling or financially interested 101'34 I newspapers, LENROOT BLOCKS FINAL VOTE ON TARIFF IN SENATE Washington, Aug. 3.—Upsetting plans | of republ:an and democrmtic leaders for ‘a final vote on the administration tariff bill on August Senator Len- root, republican. Wisconsin, gave notice today in the senate that there would be no unanimous consent agreement for a final vote, at least until all important committee amezdments to the measure had been discussed and acted upon. The Wisconsin “senator said he was anxious to limit debate and proposed an arrange- ment under which, beginning today, dis- cussion would have been confined ex- clusively to the tariff with each senator limited to ten minutes. debate on amendments after August Senator Lodge, Massachusetts, the republican leader, objected to this, however. The democratic proposal for a _final vote on August 19, and the republican counter-proposition for a vote on Au- gust 117, led to a long discussion. Ini the midst of the debate, Senator Good- ing, Idaho, chairman of the republican icultural-tariff Dlocj (nq-oduced h resolution directing a special committee of five senators to inquire into and re- port to the senae on: “The financial iNerests of senatjrs in the ool and sheep industries “The financial interests of Mr. Fra A. Munsey in Européan industries wi compete with American industries; the amount and percentage of his income derlved from advertisements placed in his newspapers by the importing depart- ment stores which have financed a cam- paign of defamation against the pending tariff bill and which will profit by the defeate of the bill; “The number of senators owning or in the amount of revenue ob- tained by these newspapers from import- ich m ment made by Colon pee, head of the U of Wash | con lowed to-act settled. undoubted! now ROUND, SIRLOIN, PORTERHOUSE STEAKS, Ib. 27c MOHICA BEST CHUCK Roast Beef, Ib. 18c Lean Beef, b 1215c FOR POTTING BONELESS RIB Roast Beef, Ib. 29¢ NICELY CURED Corned Beef, Ib. 8¢ ARMOUR’S SMOKED Shoulders, Ib. . 18¢c FRESH GROUND Hamburger, Ib. 15¢ Fine Native Veal SHOULDER CUTS, Ib. 18¢c SHORT CUT LEGS Pound .+ 25¢ RUMP, bb.......... 23c VEAL CHOPS, Ib.... 35¢c CUTLETS, Ib....... 40c BEST BREAD DELICIOUS LARGE COCOANUT 1-8 BBL. SACK No. 1 LONG ISLAND POTATOES 15 Lbs. Peck 33c GENUINE SPRING LAMB FOREQUARTERS, Ib. 23¢ LOINS TO ROAST, Ib. 25¢ FRESH CAUGHT FISH FRESH LONG ISLAND Swordfish, Ib.. 23¢ FRESH STEAMING Clams, 2 gts... 25¢ FRESH TINKER Charles R. Bur- | . Veterans' Bur , tonight. said that under no crvice men be capa ce of the railroads |} e of the strike has been | beds d hat the railroads would yment later to men who ar but until the will not be per- | ; oadinz. Colonel s 40,000 cmployes, x-ser- e men, under his supervi Suffiel Speaking of near Colonel jon Forbes would in He ny the hospital ing department stores. which will bene- fit financially by the defeat of the pend- ing_tariff bill “The financial interests of all members of the senate, or their immediate rel- atives in any American industry or in any community in the United States which may be affected directly or in rectly either by the passage or defeat of any proposed schedule in the pending tar- i BIL” The preamble of the resolution that charges had been made by the New York Herald, owned Mr. Manses “that members of the senate, engas in the sheep industry, had thereby b financially intercsted it the wool sched- ule of the tariff bill.” Senator Gooding’s resolution was re- terred to the committee on contingent expenses, which, on motion of Senator Harrison, democrat, Mississippi, was di- rected to report on it “immediately. Members of the committee sald a re- port would be made tomorrow, but in- dicated that the resolution would be modifted, Senator Harricon, and Senator Sim- mons, democrat, North Carolina, contend- od that the Gooding resolution seemed. to propose an investization of no publica- tions other that the Munsey newspaper, and suggested that the inquiry be e tended to all Tepublican dailies attack- ing the tariff. Mr. Gooding replied that that it was intended to apply to all newspapers. Senator Harrison introdu ed a resolution declaring that senators interested personally in tariff and other legislation should not participate in sen- ate proceedings on such legislation, and | asked for its immediate consideration, but at the request of Semator McCum. ber, republican, North Dakota, in charge of the tarift bill, it went over and the senate returned to discussion of the unanimous consent arrangement. CLOSING SESSION OF ANYUAL CONVENTION OF K. OF C. Attantie City, N. J. Aug. 3.—FEvery ant[-}{-!!a!ier and anti-Flaherty resolu- tion introduced at the closing sessfon of the fortieth annual convention of the Knights of Columbus was defeated to- night during an all day session in which vigorous speeches for and agalnst the Tesolution were reported to have been bade. After adjournment, however, the dove of peace hoversd over the gathering, and everybody cheered and shook hands. The meeting was held behind closed doors. There were eleven anti-Flaherty and anti*Pelletier resolutions introduced and these were reduced to one, Which was finally rejected. No decision was reached as to the next place of meeting. The consesus of opinion was that it would be elther Montreal or Boston. { The supreme board of drectors was authorized to proceed with its plan to create a great national correspondence school open to all. The plan is an out- growth of the cosceshondengs §-wol opened at the knight's headquarters in New Haven last January and operated free for the veterans of the war. Al- ready 35.000 veterans have enrolled in the school, which provides tuition in 31 courses. The establishment of a funtor order of the Knights of Columbus for Catholic boys of the United States and Canada was one of the principal subjects of discussion. Tt was decided that the movement should ‘be referred to a spe- cial committee. NO (DISABLED VETERANS IFOR RAILROAD SERVICE returning to work or being hired, the statement indicated, canged between 1,600 and 2,000 men. Steam locomotives were first shown in France in 1763. Hartford, Conn., Aug: 3.—Former ser- vice men, disabled or otherwise who are under the care of the government will not be permitted to enter the service of any railroad company while the strike situation endures, according to a state- iy high. Suffield —The third eld gran v in the old members and graduates. ,000 a year, and to understand 00,000 has he and for said the buy same with 600 beds. zcious classes at the building at and was § own hospital had only mar school took place ed by over 100 MEADOWBR(IJK \\||BUTTER, TER, Ib.. 37c Cut Fresh From the Tub FRESH SELECTED EGGS, dozen. 27c GEM NUT Margarine, Ib. 23c FRESH MADE PEANUT BUTTER, bb.. 15¢ that that been 150 price a hospital West re- West Vew Haven, Colone] Forbes said | PHONE SERVICE TO CEASE that the overhead expense is excessiv id the rental of the ine New York, Telephone nounced . tom exander Gra annual class reun- | ¢ he select mountag, epho Government life-saving service the United States FINAL CLEARANCE BEGINS SATURDAY, AUGUST 5th SWEET JUICY Oranges, doz.. 35¢c N.B.C. Crackers, 2 Ibs. 25¢ OHIO BLUE TIP Matches, 5 bxs. 29¢ DINNER BLEND COFFEE, Ib... 25¢ FOE UNE MINUTE TODAY Aug. 3.—The American 'd Telegraph company an- oday that ev telephone 1 would cease service p. m. Eastern ow, when the box m Bel be lowered into the crest r one andard of Al- the in as started in 1837. Expect BIG BARGAINS here Saturday—Then when you come, you will not be disappointed — BUT AMAZED — and you will readily, eagerly, and wisely purchase. 300 COTTON DRESSES '$3.45 and $5.95 INCLUDING LINENS, DUTTED SWISS, FIGURED AND TISSUE VOILES, IM- PORTED GINGHAMS, RATINES, AND ORGANDIES, TO SUIT BOTH WOMEN AND MISSES. VALUES TO $16.50 SPECIAL OFFER Baronet Satin Skirts - - - - $3.98 ABOUT 50 IN LOT. DRESSES $12.95 and $29.50 ’ VALUES FROM $25.00 TO $65.00 CREPES AND TRICOTINES — JUST A FEW LEFT 100 HATS % VALUES TO $15.00 IN SEASON'S NEWEST MODELS. TWEED SUITS ------- $895 VALUES TO $35.00 VALUES TO $10.00 $2.98