Norwich Bulletin Newspaper, August 8, 1922, Page 8

MABEET WAS STRONG. New York, Aug.' 7.—With compara- tively few exceptions, the upward move- ment in prices was continued in today's stock market, ‘While the market lacked indicatio: of ‘any extensive public ‘buying, a good investment demand was noted for some of “the high grade rails and industrials several of which reached new top prices for- the year, < President Harding’s new strike set- tlement plan reached the street too late for more than cursory perusal, but its immediate reflex was favorable, traders spparently being of the- opinion that it wauld be found acceptable to both sides. Among the ralls which broke through for mew top vrices were Chesapeake and Ohlo, Chicago and Nosthwestern, Pere Marquetts, Great. Northern preferred, 8¢, Paul preforred and Southern Rall- way preterred. which registered gains of-1 to 2.points. The strength of th notthwestern group was attributed ‘to the unusyally good crop prospects for teat reglon. Strength of such equipment issues as merfcan and Baldwin Locomotive and Pullman company, which were up 1 1-2 to nearly 3 polnts. was founded .on: the beltet that the railroads.goon would be recnired to bring up tielr depleted car and locomotive stocks to take care of the expected heavy demand this fall. Montgomiery Ward's extremely favor- able semi-annual earnings statement furnished the incemtfve for the buying of mall order shares. YFxceptional strength of Kresge and Woolwarth which soarsd 5 and 8 polnts, respec- tively, was assribed to the nossibility of extra disbursements !this fall. Other strong spots~4a the zroup wers Adams Express, 0i1, Corn Products. Otis Steel, and Looss Wiles Biscuits. in good demand, teing scored Detroit Edison, Philade y and Breokiyn Bdison. 4 Rumors of farther price cuts in au-|on ~ obil tires caused a resction in the e : shares of +_groun, Goodrich AroppNg | picher Bod e 4 1-8 points, Chandler Motors also Was| Gen "Qm]fcry : “18% reactionar: Gi¥n_ Motor 133% Total sales amounted to 550,000} Gen Mot Del 8.3 shares. 5 Call money opened at end rase to 4 In the afterncon, holding at that figure until the close. money rates wel Sterling exchange was up 1-4 of FNANCIAL AMD COMMERCIA, ‘| Cent Leather industrial} Assoclated National Public util- sub- North rAm | Gen 1-2 per cent|Great North pr i 1 i cent, but the continental rates were ir- regular. Owing-to the bank ‘holiday in London, there was little activity in for- elgn exchange here. Roumanianc ex- shange which recently has been: active, touched & new high price today, the lei rising 20 points to 1.05 cents, STOCKS. The follnwing 1s m Summary, of the transactions on the New York Stock Ex- change up to § P. M.z Allted Chemical ... Allied Chem pr . Allls €helmers Am Am Am Am Hide & Leath pr 70 K ki Tel & Tel Am Tobacco Am Woolen .. Anaconda. Co Assoclated Of Atch T & S F Balt & Ohio .. Balt & Ohlo pr Beth Steel (B) Brook Rap Tr Brook R T ctfs . Butte Cop & Z Butte & Sup~.. Canadian Pac . Cetn Leath pr Chandler Motor Ches & Ohio . Gt West i Gt West pr ... i Mil & St P . & N'west pr . R 1& Pac . i Copper Chino Copper Cosden Crucible Stee Del & Hudson Dome Mines . M Deb Tp ¢ Time | virtually unchanged. | Ilinois Central . Int Harvester ....106% 4 ajInt Mer Mar ..... 15% 14 14 Great North Ore jPern R R . e 84T Bty G4% Int Mer Mar pr Inter Paper . Kenecott” .. 8676 Tiehigh " Valley v 683 Maxwell Motor A . 9% i Mexica nPetrol | Miami Copper - . Missouri KX & T .. Mo K & T wi MoK &Tprwi. Missourl Pacific. ... Missouri Pae pr ... Nat Enam & Stee] Nat Enam & St pr N Y /Alr B .. N Y Cetnral NYNH&H. Norfolk & West . North “Pacific 17 80%; 46% 7 7 i 109 % '18% 71 323 73 92% ZHA Pierce Ol . Ry Steel Spring . Ray Con Reading .. Replogle * Steel Repub I' & S . South Pacific South Railway South Ry pr Tenn Copper . Tob Prod A Tobacco Prod Tobaceo rts Tnion Pacific U S Rubber . T S Rubber r TS Steel U S Steel pr West U Tel 3, . 101% 110% §1% ki = Willlys O'and - METAL MARKET. 7 New York, Aug. 7.—Copper steady, electrolytic spat and futures 14@14 1 Tin. steady; spot and nearby 32.50; fi tures tron steady, No, 1 north. ern 29.00@30.003 No. 2 northern 27.00 @29.00; No. 2 southern 19.00@20.0 lead steady, tpot 5.75@5.80; zinc quiet, East St. Louis spot and nearby delivery 6.20; antimony, spot 5.26@5.62. MONEY. New TYork, Aug. T7.—Call money steady: high 4; low 3 1-2; ruling rate 3 1-2; closing bid 4; offered at 4 1-2; last loan 4; call lcans agamst accept- ances 3. COTTOX. - New York, Aug. 7.—Spot cotton| quiet, middiing 21.10, BOND MARKET New York, Aug. 7—Buylng of specu- lative ralls, 2 number of which reached new high prices for the vear, featured today’s bond dealings on the New. York! stock exchange, Missouri, Kansas and Texas adjust- ment 5's, when issued, 2nd St. Louis and San Francisco ineome 6's were the fa- vorites, each breaking through for-new top prices, as did St. Louls Southwest- ern condolidated 4's. Pere Marquette 4's, Long Island refunding #'s, Lake Shore s of 1928 and the Atchison adjustment 4’5 stamped. Profit-taking caused slight recessions in some of the sugar company securi- iglitly uptvard. issue, 3 s ...101.04 Lib15t 4. 10118~ 100.50 93‘5 T S Lib 1st 4% 101.32 TU-S Lib 24 4% 10058 - 93’4 U S Lib 3d 4% 100.58 31% | U S Lib 4th 4% 10136 100,94 .100.52 S Lib 2d 4s . Victory 4%s ' do called ; o AWith “tHe- passing o ~week: Lhera seems to be no slackening of build- m ich “end vicin: 4 ng. ‘eperations; In Norw! fose ‘ty and ajl local contrmm\'ébofl 1 10300 | they are- floodad with wofi enough to 1ast’ for 'mary weeks to’ come. In ad- 100.50 | dition to the work all ready under con: 101.22 | struction several applications for. per- 100.34| mission to build have been filed st 100.52 |oftice of Fire ~ Marshal - I ¢ 100.20 | Stanton. These permits inelude a frame 100.88 | sami-bungalow to- be bulit on St. Regis 100,52 { avenue by .Hadley Potter. The. bunga- 100.94 ~ 10118 100750 101.20 100.52 100.48 10136 100.88 100.56 - Quoted i ndo’h.ra and cem per $100 [ low will be 24 by 26 feet and two stories bond. Wllh qn sign “currency : Foreign Exchange. the exception of tious are-in cents.per unit of fon |The interfor finish will high. The foundatlon will be of com- crete and stoné with brick mnder ‘pin- ing. The exterior finish ;vm be: lnlmmbd sh s with composition shingle roof, sterling, - all | shingle D e There will be six rooms and bath. “Edwin D, Blood has_the contract fof ¥ D fhe Coau.xmnrs Bert fl’aneu the_ érection tlon* dt the corner o? “The worle Sl he" The uudxnb will be ot hm:l of wood, Haying five mm.« .pnwldéd with, the. usual cogveniences.’ g ‘Work is'to _be started at: !hl el-&a! the present season on furtier. improve- ments at Ocean beach upder the ' city 'Mmr'l office: The, work swill_consist moving. public: pavilion to a-ne location .;f;" - adastin Sterling— Belgian francs Kronen .. Sweden Denmark Norway Greece Argetina Brazil Chicago, Aug. ‘ceipts, together with mand led to lowest by strike. to 1 to $1.06 The Beason's new market without any support prices went quently, ped to lowest prices crop. hog! and grah Saturday CHICAGO’S GRAIN MARKET. T.—Burdensome prices yet this sea- nin the wheat market today. '.herrnore‘ some late selling was induced vague reports about President Hard- {Ing’s new move to settle the railroad; The close was unsettled at 1-4c 3-8c net decline, with September $1.05 5-8 tu $1.05 3-4 and Dec. $1.06 5-8 - Corn lost 1-4@3-8 to 7-3@ te, and oats 1-8c to 3-4. ished unchanged to 12@15¢ lowe: for wheat were reached early ‘in the day, long before any hint had been re- celved a3 to the president’s latest ‘plans touching strike settlement. vals of wheat here totalling 1,014, car- loads and with hedging sales findi the December delivery struc! bottom figures .of the session. moderate rallies took place. Corn and oa‘s as well as wheat dron- Current estimates of the yield of feed were construed as bearish, but were afterward partly nouncement of nearly —_— : Chicaga Grain Market. f Year Ago | the erexion lof -a plama for Jhsep! $3.691 | Siiverman at 601 Main street. The 370 |azza will be of frame. construction w!m 7.98 composition roof. -81.00 Mra. M. J..J. Burnlv is to ha.ve garage erected on Urove strest. The .Ea wliil be about 18 by 20 feet and will ba of frame construction. Peck MeWllliams Co. has the: contract for aiterations to the May bullding re- cently purchased by Beckenstein and Taylor. The alterations include the rée- modeling of one of the stores on the Jower floor which' has. also been.extend- ed a number of feet in the rear. - The addition will be of brick with a tar ahd gravel ro6f. A new front . with plate glass will be put in. Other work in the city has progressed apidly during the week and several {; {ldings-have been brought to the com- pletion stage. The Southern New England Contract- ing Co., of Hartford, have completed the addition to Schwartz Bros. block, which is to be used by the owners for their. furniture business. The additon s a |handsome three-story structure, of brisk jand concrete and cost about $75,080. The plans were drawn by Architects Berenson & Mosts of Hartford. Buck & Sheldon, Inc., architects and engineers, 60 Prospect \street, Hartford, have been awerded the contract to pre- pare the plans and speeifications for the proposed auditorium at the state tuber- Ter indifference of de- Fur- Provisions fin- low record pricef With arri-1the work is to be about $9,500. REAL ESTATE SALES AND MORTGAGE LOAXNS In Norwich during the past week there were 12 sales of real estate as compared to 14 for the samc week in 1921. The mortgage loans for the respective weeks 079 and $23,200. Thére were 10 sales of real estate in New London during the past week as compared to 5 sales for the corresponding week in 1921, ' The mortgage loans for the respective weels Wers $45120 and $58,628. adequate down grade unm $1.06. the Subse- so far on the 1922 offset by . an- 6,000.000 bushels NEW LONDO! plans and specifications have Tentativ " Wheat— Hirh Tow. been submitted to all local architects by ties, notably Cula Cane 8's and Puntal Sept. ... 1067% 105% the 2ty manager requesting them,to sub- Alegre 7’s, but the rest of the list held| Dec. 106% 106 mit competitive designs for the two new up well. Public utility issues advanced| May 111 110% schoolhouses to be erected' here. Archi- in sympathy with the rise in stocks of| Corn— _ - |tects will have until August 4th to sub- that group. Sept. 59% 6085 mit the designs. The new bullding at The Freneh government and munici-| Dec. 56% 56% the corner of Riverside averme and Al- pal issues held falrly firm, despite the| May ... 595 60 ger street s to be 2 one stofy-structure, weakness in foreign exchange. Domin-|Oats— containing four classrooms, with an as- fon of Canada § 1-2's and City of Zu-| Sept. ... 331 32% sembly hall in the center of the build- rich 8's were at the year's best prices,| Dee. ... 35 351 ing. The building to replace the pres- while moderate gains were also made by{ May ... 38% 38% ent Stanton school on Federal street, # One Special Lot of Ladies’ 5 Brown Pumpe .. .........! CASH SALES Leather Patent Oxfords $1 45 $4 45 Men’s Walk-Over High Shoes IN BROWN AND BLACK $5.45 TO $1. Strap Ladies’ White vas Strap Pumps and THE JAMES F. . 012 CcO. { Semi-Annual Clearance Sale LADIES’ SPORT OXFORDS - $1.95 TO $4.95 Boys’ and Youths’ Shoes 9 ZOGMAIN STREET Our Entire Sioch of High Grade Footwear At Real Bargain Prices Sale Starts Wednesqay Morning, August 9Sth Misses’ and Children’s White Pumps - and Oxfords 95¢ $2.45 One Special Lot of Men’s High-Grade Shoes Children’s Barefoot Sandals, Play Oxfords and : Tennis, at Greatly Reduced Prices in This Sale. - WATCH OUR WINDOWS FOR SHOE BAkGAms THE JAMES F..C SGROVE CO LADIES’ BLACK KID AND BROWN KID AND BROWN CALF OXFORDS $2.45 ™ $5.95 Men’s Walk-Over Oxfords 1N BROWN AND LACK culosis sanatorium, here. "The cost of Buldiag Permite. B. H. Iil!lkl', frame ‘house,. lvlnuo. $3,500. = finches- 1] E. Kenmerson, fagtory, Central'a emur $4,000. szfi;fll\y J. Wv!lt addition, Prest street. J. E. Ells, bunflw aumsr street. $3,000. - Consumers Service luuon, gazoline station, Reed street. $5,000. - J. -D. Murray, lddl!lun, Lee avenue. $400. Fi xgenh‘l Rel. CB, additi street. $1:000. o Truman PUTNAM. will.be 12t soon ‘for ax ' ad- altion to St. Mnryl parochial scheol here. It will be a“ i2-room ad@itton. Rev. Charles Bedxrd is the pastor. £ PRy Contracts WILLIMANTIC. hohrer L. Willard has been awarded the general contract for the' proposed changes to the bloek at 31-43 Church street, owned by Herbert T. Clark. A new front will be put on.. H. C. Hawkins has’ the comtract for the car- penter work. ; NUMBER FOUR (Contiuned from Page Ome) way executives on. August 1, they took the posttion squarely that the: striking former employes cannot be given:prefer- ence to employes at present-in the ser- vice without doing violence to . eyery principle of Tight and justice Invoived in this matter, and without ‘the grossest bbreach of faith on the part of the rail- roads to the meén at presémt in thelr service. “President Harding in his1 wwod-. tion today said, therefore, only the ques- tion of senlority covered in paragraph 3, which - executives rejected remalns ‘in dispute -~ * .* “He calis upon both workmen and carriers, under the law, to take the ques- tion in| dispute to the raliroad , lador board for hearing, and the compliance by both, with the decision rendered. “It would seem clearly that this re- quest demands a complete surrender of the position of the. railroad presidents as_stated last Tueada; Mr. Loree, who is president of the Delaware and Hudson, was the only one of the executives of 11 roads attending the informal session: of the conference. who would express an opinion on Pres- ident Harding’s proposal. . The others, while they declined to make any individ statement, indicat- ed that Mr. Loree's. stand was not to e . considered unanimous amongs those present at the conference, or. hecessar- 1 criterion of the attitude' of rall e¥ecutives throughout the nation. Tho chairmen of thé eastern pre Gents’ - confarence, they Tecallid, cast the two minority votes at the meeting of the assoclation of raflway - executives last © Tuesday, ~when ~President” ing’'s first peace plan waa Tejet the time ‘Mr. Leree was sald by mem- bers of “the assocjation to have refused to subscribe to the reply sent. to the rosident becaise it was not suffielsnt- 1y empbatic in refusing his “three-pofnt plar. > ‘With the exception of Mr. Loree, offi- cials of eastern roads yoiced = Dbelief that they, in their . determination to maintain their pledges of seniority Tights to thelr present ‘employes, had nothing to fear in submitting their case to the railroad labor board. The board already has cleariy stated n two instances, that the strikers have automatically abandoned their rights to niority, the rail chiefs contended. They pointed to 2 resolution adopted by the labor board on July. 3, three days after the shop, crafts. walked out, which satd in part: “Whereas, the six organizations dom- prising the federated shop crafts have notified the rallroad .labor.board that a Vvéry large majority .of the emploves which they represent have left.the ger- vic eof the carriers, that the members of the sald organizations are no longer employes of raflways .under the jurls- diction of the, railrozd labor board or subject to the application, of the trans. portation act.” It was in this resolution that the la bor board urged the formation among “employes Temaining in the .servics and the new employes succeeding. those who left -the service such organizations as may be deemed negessary, sn. the repre- sentation of 5aid employes bdefors the la- bor board in order that the effectiveness of tha transportation' act’inay be main- tained.” S The labor hoard. for the sscond timi took a stand’ which. it “would . now M embarrassing for it to reverse, said lo- cal transportation - -chiefs, when . its chairman, Ben..W. Hooper, issued Lhn following statement, on July “Upon one qguestion, - the striking am- ployes should not bs. Qeceived. Their leader has sald .thet the strikers are no longer employes of the -rallways, and they have thus automatiesily: abandened all the.rights they. possess under their mgreements and under the decisfons of this board, including. their senlority. This s not the board’s action. It is their ‘own action. “Many carriers ‘are giving their for- mer employes the opportunity ‘to re- énter the service within-a lmited um- It must be understood now that . who remained in the service and lhou who are now entering’ it will have rights of senlarity that this board could not ignore. No better advice comld be given to the men who are out than that they retarn to the service > diately. - They have misjudged the :i 3 vation that confrontsd them, but it is not too late to escape many of the evil results.” The ‘lmited time” to which Mr, Hooper referred «n this statement, after which the railroads had announced.they would: cancel the seniority rights of em- vloyes who remained on. strike, “expired on July.17, according to-the.records of the association of railway executives. Mr. Loree’s -Troposition. to ' President Harding’s plan for settlement of the sem- {ority issus was based on these two pub- lished declarations . by ' the . board _maid those who -sonferred with. him tods,v The conference chalrman held since the labor board had - Ulth'ed‘ the strikin gunions, “the matter of seniority conld mot be taken bafore- the board be- cause the strikers were no. class- ed’ as rallway .emplayes and: hence could -nmmcbetnm thetedmwm troubles or Ana lht':m “ehin, l:l-r. Gemnflhmw’upd)\-fidfl. . And put in the meadow the Dost's bird Gives back in hmuflmmh’l And ym":nav nbchn:t!ol--'r ;;;d; gl:‘;‘bu&o-lhk. chee,” S0 mear tho Woods of Norwich., And the ziver, from ‘w3 And th’:‘:m ‘brown thresher’s, the must While u;‘- m.hlrd joins m his mn Sounds deep in lhe woods near Ym‘.c!. So iony As the thrushes wild sing thers 'nae’wgc.! are sweet, and the wools are But a. duverln: comes with the warmest When vou listen long. !_ i And can hear no In‘the lovely ‘woods of or'u. But: the highlands' heart holds-the Mr A Wh forists their volcas su. W‘;zne -mefln: whitethroats chant. er And. for; Frunco emore. in Bosto ~ HUMOR or__'mz DAY, “Money talks." “In this life nothing is permanent bu! chinge,” remarks a philosopher. Ours:i very fleeting—Boston Transeript.’ “Why 414 you quit going around vlu lhn labor-saving devies? dtowmwohsrdtmwb'n: it.7—Loulsville Lourler-Journal. “I think I' run-for congress™ "ereml hats- in the ring.” “Who threw in that bume{"—lflp villa Courler-Journal. Bix—“That umbrella of yours Jooks as though it had “seen better davs.™ Dix—" W it certainly had -its Ipl and downe'—Boston Tramscript. She—'Why do people have to keep e quiet when they go fishing?” _ He—"Because - to catch anything one must fish with bated breath”—Loador Antwers. ¥ Mrs. Fxe—“Does wour husband ro member the snniversary .of your: mar. riage?” Mrs. Wye—"Never ; o I:remin€ Mm. o it in ‘January .2ud June -end get twe -presents.”—Boston Trinscript. © “Insect life has'ite jovs." “What nowr “The fly still gets hm unfleho Louisville Courier-Yourzal. i Gragmes—“An _Inventor sevs he® has now invented a detfce fthat il al- lente ‘anything™ = KALEIDOSCOPE Parishes have existed in England for mote than 1,000 years. The Paraguay river of South Amer. fea i= 1805 mlles in length. Green-has always been m the emblem of -fickleness, Thers ‘are 21(14 characters in. fhe wotes of Charles Dickens. The first Presbyterian chuech ¥ America was founded in 1629. Only, 2 per cent of the populatien of Kingston, Jamalca, s white. As eariy as ‘1840 there were 436 pa- per mills in. the United States. In 1887 Russia had;- exclasive of “’- land, 728,157 villages and towns. The * sovtfall in London amopnts te more than- 75,000 tons anmually. The University of, Brague had 18,800 stufients in the Afteenth.century. ‘Parsees -do not -bury -thelr dead, but leave them to the fowls of the atr.. In Para, Brazil, the rainy season ex- tends over two-thirds of the year." The strength of tazred -rope ls only abont . three-fifths that of white rope.. 7,000, Extra- fihe ‘thin purchnenu are m‘p from the'skins of stillborn cilves. Starch mades' from 'cull potatoes used - in ‘the mmhaunofdufihbr gumming envelopes ‘and stamps. A first ‘edition of Bunyan's Pligrim's Progress, printed in 1673, has been soid at auction in I.onflon for more than $18,- 000. The ennlmut zing" of a Ch.\u.p young. woman is adorned with a mhsp ture picture of the. place where her be trothal took place. & Compressed alr w;;-uo{ in the ve- duction of metals from their ores and the forging of iron.and steel 2,000 years befere Christ. In the summer of 1839 l.m-nu foll parts of. Burgpe .which ew over three pounds and a number of -persoms were killed In the fields. - The aeflal mail route established be- tween Cairo and Bagdad has been ex- tended to include Palestine. A reguiar fortnightly service will bde maintaimed in each direction, v g