Norwich Bulletin Newspaper, October 18, 1922, Page 8

e 1] MABKET WAS IRREGULAR New York, Oct 17—The sensational wdvence in Mexican Petroleum, which touched 238 a share, or 30 above Monday's low, was the noteworthy fea: ture in today's stock marget. ‘Ine rest of the list was irregular, but mainly upward, with rails ana coppers display- ing greater activity. Buying of Mexican Petroleum and Pan- A ican issues accompanied reports of an increase in the casn dividend on the latter and early announcement ofa new basis of exchange wi swcXiCan relroleum thares for Pan-Awerican - stock. E. L. Doheny, president of both companies, icclared that no action along that line had yet been taken by the ‘board ot directors although the subject had'been ormaly discussed. The rapid rise -of xican Petroleum in the last hour v.as undoustedly a “run in”’ of ‘the shorts which Wall street gossip has identified as being assoclated with the world's argest oil interests. Other oil shares, including Standard Oils of New Jersey and California, mov- ed within DArTUW linits. Alier (ne mar- , directurs of the Vacuum Oil Standard Oil group, s traded in on the b, announced that a meeting of stock- wrs gad veen cabed for weccmoer 2 :0 authorize an increase in the capital Ju,008 to $70,000,000 and value of from $100 to y T e STOCKS. The foliowing is a summary of the transactions on the New York Stock Ex- chanxe up to 3 P. M.: erican Smelting stock {tself - declined fractionally, Utah, Anaconda and Kenne- cott: were the most active. : Official denial of reports -that wm ed States Steel was tribution of a stock to have a de) although its net loss ‘om m"w ~was small. Most of the other steels also were reactionary. k. S Some of the indivigual strong spots, all of which; established new’ high rec- go Express, Postum 'Cereal and Atlas Powder. Equipments .also did * better Baldwin and -American Locomotives and General Electric advancing 1 to 3 points. Total &ales were 1,024,000 shares. - advanced to 6 before the closs in fur- ther. large withdrawals by the govern- ment. Most of the business in' the- time money market was in the. longer ma- turities. The commercial papeér. market was firm. “The more urgent buyfnx of sterling ex- change was a featurs of the foreign exchange -maritet. demand bilds being quoted around $4.44 1-2. Further buying of sterling for French account was re- ported in the London market. A drop in the price of bar silver resulted in a depreciation in the Chinese rates. Can- adian dollars sold at a premium of 3-16 a mew high record for recent years. ange in. p §25 a share. If this is approved they propose ti declare a $UY per Cent. SLOCK dividend. Chief interest in the rail group was centered on New York Central, which High." Low. Close sed 101 at a new high since 1917 |Ajax Rubber -.... 15: 14% 14% d at 100 1-i, a net gain of |Al Ch Mfg ..... 51% 5l% of this stock was based {Allied: Chem .. 851 * 85 - 85 - firmed reports that the r: Am Ae Chem 3 41w 3% road interded to do some new. financing|Am Bosch Mag 433 - 413z 43y ¥ S OUt a new 1ssue of 4 per |Am Cir & Fdy ...192. 1927 193 ck. Loulsviie and Nashville al-{Am Can ..... 2% 71 1% hed a new top but. in com- |Am Cotton' Ofl 26% 26% 26% t of the other reil shares Am Hide & L pr 2 below its best price of the [Am Ice Am Int tracuionally avove Monday's closing level APy The semi-anncal report of the Am-|Am Sugar and Refining company [Am Smelt al improvement in op- |Am Su Tob ., o resulted in a slight bid-|Am Tel & Tel . ding up of most copper shares, but Am-|Am Tobacco ‘Wool Zine . Anaconda AT&SPF. AT&SFopr Bald Locomo The Great Money-Lender }i5:i2 socom ] ,Hem Steel (B) With a Heart 3 Brook R T-. | Cal Petrol Cal Pack We money to honest per- §|Canadian Pacific .. sons having steady employment; §|Central Leather lcans for sums needed up to $300, ||Cde Pasco .. ‘epsvab‘e in six to fifteen month. Chandler . Ches & Ohio .. each borrower; §iChi & N W egal rates charged on sum still JIC M & St P due for time used; uo charge un- J{C M & St P p CR:T&P Chile Copper Chino_Copper less loan made; deals confidential and none will know you are bor- rowing; private offices; glad to ex- plain Beneficial Plan; courteous J|Coco Cola .. treatment; convenient and sate | Columbia Gas place to borrow; quick service; ‘(,"' Graph ~. new borrowers welcomed; hours, J|COL F I . 30; Saturdays 9 to 1. Cail jiSon Gas . or phone 1-6-6-4. [ G T Corn Prod . . Cosden Oil Beneficial Loan ||cncie sed . Cuban Am Sugar . 23% . Cuba Cane Lo 14% 0 UY o1y oc]ety Davis Chem .. 45 443 44y Del & Hudson 138% 138 138 ROOMS 302-303 Endicott J . 85% 85% .85% 8 STATE STREET L Mt NEW LONDON, CONN. Brie 2 pr 8% 18% Licensed by the State Bank lgm SR 9% 101 o i tubber 3 Commissioner s Sy {Gen Asph 83% 6% RTEQUS & TCHELL £ 0. ’l’fl=i — 20— Women’s Coats WOMEN’S AND MISSES’ ALL AT RIGHT PRICES You may make a ulmfion from 200 Women’s and Misses’ Coats, in all the favored materials and newest models, as well as Coats with novelty collars of self-materials. Coats with Novelty Collars, of Self-Materials—$35.00 to | Union_0it | sixes, all up a point or more. | tures ords, were National Biscuit, Wells Ftr- v Call money opened at 5 per cent ang | 15 - 34 94 _38% 9055 15 2% o3 e n AONE e BU/; 943 .. 39% 9115 N Great_North Ore Gulf Steel .. ... Harvester . Houston Ol .. Tilinois® Cent Int Nickel . 17% Inspiration Cop .. 40% Int Paper .. . 2 Inter Con. .. . Kansas City So 91 v 871% " 86 16 ¥ Kas- City i So pr B8 - 58 Kelly Sp'T . 4y 4% Kennecott .. 34 0 34y Lehigh Valley 0% W% Lima ILoco . 80 6013 Louis & ‘Nash 144 . 144% Int Mer Mar .. 15 15% Marine pr .. 62 62 Marlin * Oil 212% . 227 Mex Sea Oil 17% - 18% Miami Copper 28% Midv Steel .. s 34% Midd St -Oil E 13 13% MK & Tex w i . 17% 17% Mo Pacific 3 215 28 Mo Pacific pr . 53% 60% Nat E & St 66% 67 New York A Bk 38% 40 NYNHE&H . 32% 323 N Y Cent 99% 100% Nor & West North Pacific .. .. % Pa Sea St 5 4% 4y Pacific Oil 56% 50 Penn R R 48% - 48% Pullman . 130% 131% Pure Oil 303 30% Ray Cons Reading . 9% 79% Rep Iron & St ... 33% 33% 59 59 St L & San Fran .. South Pacific 9 South Ry .. South Ry pr Studebaker .. Texas Co .. Tobaceo Prod Union Pacific Union Pacific pr United Fruit Un Ret St U S Food 5% 7% U S Ind Al 70 034 U S Rubber 5614 U S Rub 1 pr U S Steel Utah Cop Vg Car C - Van Steel Wabash Westinghouse W Wlll\'fi O'land BOND MARKET New Yrk, Oct. 17—Further’ evidence of the liquidation of securities by large institutions te provide funds to meet the increased demand for commercial cred- it was seen in today's bond market, the main trend in which was downward. The selling embraced both high grade and second class: railroad and _ industrial mirtgages, as well as the old Liberty bonds. The extreme declines in the es ranged from 14 to 38 $145, on the Liberty 3 1-2's, 24 cents, and the sccond 4's, 84 cents, but most of the bonds rallied before the close. The new 4 1-4 per cent. bonds, which were admitted to trading today, open- ed at par, sold as high as 100.06 and closed at par. There were 4ndications of switching from the old to the new issues because of the-more attractive features of the latter. . Declines of a point or more were quite numerous in the rail and traction Lst. St. Paul general 4 1-2, dropped 2 points and losses of 1 1-4 to 1 1-2 -were sus- ined by Chesapeake and Ohio general 1-2, Hudsin and Manhattan income ‘s -and refunding 5's New York rail- old 4 1-4 cents on {ways 4 certificates and Baltimore and | Ohio gemeral 4's. The few outstanding exceptions in this group were Pere Mar- quette 5's, series A, Texas and Pacific firsts and. New. York Ceniral debenture Strength ' of Chile Copper sixes and Cerro De Pasci 8's, each up 1 1-2, fea- the industrial list. Armour 4% 2lso. were strong but I‘nvinc&ble Oil §'s, CONSTIPATION Is the big trouble in every serious . sickness — causing depression of epirits, imhblhtly nervousness, imperfect vision, loss of memory, $58.75. Coats with luxurious Fur Collars, with heavy crepe lining —$45.00 to $85.00. NEW PLEATED SKIRTS An excellent showing of new pleated skirts for Women, including a large varicty of styles in Striped Prunella, waist bands 27 to 38 inches—$5.95, $7.50, $9.95 and $12.50. POIRET TWILL DRESSES Models that will please particular women. All the better grade dresses are man-tailored, and made in unusually smart lines — Price range $25.00, $29.50 and up to $55.00. CHILDREN'S FUR-COLLAR COATS Tbeumvetyduinblelndcomehfmminflmodeh, ;lhwji;hhndmfnreolhn—\leryapechlnluett_ T lleeb. loss of appetite, f&*l Fith resuar course of = Thvynctpmnp - and freely, but W" u:oroug t{qdm.-fimw ; comforting iy the liver -{he 4 for indi- neas, heart.. :tnbn. Purely vmun Plain or Sugar Costed. 80 YEARS’ CONTINUOUS SALE PROVES THEIR MERIT. Dr. J. H. Schenck & Son, .185% 1853 “185% | Bethlehem Steel 5's-of 1936, Cuba Cane 8’s, , Wilson convertible 7 1-2's and Unit- ed States Rubber 5!s were heavy. “oay The ‘same- conflicting. movement took $8% | place in the foreizn grouwp.. Cuba Re- publican 5, 'of 1949 Japnnese 4's and 51053 109% 109% | Bragn T's movile © 82% 1443 000. 4.72 . per cent; the $2,000.000 ‘Issue -if flrst mortzage 7 1-2 per cent. bonds of "the Seville-Biltmore Hotel corporation of- l high 6; middling 23.00. ket in wheat today notwithstanding tem- porary setbacks due to a decline at Liver- pool. Demand here broadened out. ater gossip spread that foreigners had fail- ed to provide for their December and higher = ground 86% | while Belgian §'s md some of the other 114% - 114‘% 1143: European, lissues were relatively back- ward. Total . sales -(par value) were $16,- The principal offerings today were the $4.500,000 issue of 4 1-2 per cant. Con- solidated mortgage gold bohds of . the Buffalo, Rochester and Pittsburg rail- way campany, offered at 96 1-2.to yield fered at r, and th: $1,500,000 issue of first mortgage 7 per cent. sinking fund gold bonds if the A. E. Little com- pany offercd at par and oversubscribed. \ - METAL MABKET New York, Oct. 17—Copper dull; elec- troiytic spot and futures I4; tin firm; spot and fatures 34.12; iron steady, prices unchanged ; lead firm, spot 6.50 @ 6. zinc firm, Bast St. Louis, spot, and nearby delivery 6.80; antimony, spot 875 @ 7.00. MONEY New York, Oct. 17—Call _money string low 5; ruling rate 5; closing bid 6: nff&rpd at 6 1-2; last loan 6; call loans against acceptances 4 1-2, COTTON New York, Oct. 17—Spot notton steady, CHICAGO GRAIN MARKET Chicago, Oct. 17—It was a bull mar- January requirements and” were jast starting to do so. The mariet closed strong 1 1-4 cents ti 1 3-4 ecents net higher with December 1.15 3-8 to 1.15 1-2 and May 1.13 1-2 to 1.13 3-4. Corn gained 2 1-4 to 2-4 cents and oats 1 1-8 to'1 5-8 @ 1 3-i. Provisions finished unchanged to 17 cents up. At the outset in the wheat market the fact that Liverpool quotations shoy- oncert holders. Subsequently, addition- al selling pressure was induced by an- nowuncoment that a. ecurgo of 360,000 bushels of Canadian wheat had arriv- ed in Chicago. Disclosure, however, that the cargo was in bond and had been brought here in erroneous expectance of a railroad cut rate to New Orleans did a good deal to restore confidence in the buying side. During struggles to get back wheat which had bheen let go of earlier,.scar- of offering became apparent, and hout the last half of the day a continued advance of prices took place Shorts bought heavily, both of wheat and cther grain as well, influenced by reports that car scarcity was worse than at any time so far. December wheat here showed more strength than May and houses with export and cash con- and St. Louis, the latter market going to a premium over Chicago, with final prices here at the topmost point attain- ed in many weeks. All deliveries of corn | for Mrs. Hayward. reached the highest level yot 1922 crop.. Smallness of corn receipts here gave an advantage to bulls, Prof- it-taking sales checked advances in the oats market. Provisions were firmer in accord with hog values. Chicago Grain Market. Wheat— High. Low. Close. Dee. ... 115% 111% 116% May . 113% 1113 1133 July ... 108% 1033% 103% Oats— Dec. 68% 85% 63% * May 6955 66% 69% July 59% 67 68% 43 413 42% 2 43Y 413 43y July ... 40 9% 40 SUPREMFE COURT CONCLUDES BUSINESS IN LONG SESSION The supreme court sat here Tuesday from 10 in ‘the morning till nearly 5 in the afternoon thereby getting at all the cases on the docket argued and ad- Jovrning without day. Chief Justice George W. Wheeler pre- sided and prayer was offered by Arch- deacon J. Eldred Brown at the opening of the court. The first case to be argued was on the construction of the will of the late Samuel Beit of this city, who left an estate of $29,728.02. He bequeathed $5,- 000 to his thirteen year old daughter, Alta, to be paid at her marriage and left the cash residue to the four soms. There were also provisions about the wife having the income from the real estate an the will raised many ques- tions as to its interpretation which—the supreme court is asked to rule on. At- torneys in the case are C. W. Cassidy for the executor, W. S. Allis, V.-P. A. Quinn and H. H. Pettis for the beneficiaries. The second case argued was an peal taken by the state tax commission- er, William H. Blodgett, Mae Cadwell Hayward and Philip Morgan Plant from the decision of Judge Allyn L. Brown etting the executor’s fees in the Morton SHANNON BUILDING The Woodstock Dairy NORWICH, CONN | | | nections bought December at Kansas City | proic: aMorgan Plant, O for ,the | yolved -and both were argued at the things. MAKE No matter what style, make, kind er condition, we \wi allow you $10.00 on your old machine as part payment to- ward the purchase of a new g Light-Running New Home Sewing Machine. This Offer Good for This Week Only the: New delay and worri real beautiful sewing. SEW BETTER, FASTER AND EASIER The entire machine is contained in a beauti- fully finished wooden case only a little iarger than the machine head. you can store it in a closet, on a shelf, or in any unused corner. fin‘:hoa “product—her -dresses_and the dainty | for the little tots.. The simplicity of Home brinos gladness. it banishes and ‘leaves her-free to do HER HAPPY WITH A_NEW HOME X SEW}NG MAGCHINE" It is so compact that Come in and Have Mr. McGuiness, Direct From the New Home Factory, Demon- strate the different Models to You. OUR REPUTATION | Buir On QUALITY QureBusiness Buitt O VALUE; F. Plant esxa!e as follows Francis de C. Sullivdn, $135,000, George L. Shearer Fort Griswold Tract Commission, Gro- and Daniel Conlan, Ledyard, employe, i IS tted Trust G o0, | o employer, and ‘Thomas Daly, New |fected left hand, ot rate of $8. e e s L London, cmployo, big toe broken, at rate| T. A. Scott Co, New London, emplay, ) " on 4 of $10. er, and F. K. Harvey, employe, brul T e e e on on| Schwaner Bros, le. New London,|and crushed ankle, at rate of §8.i8. the compensation for the executors fol- lowed an appeal frim the Groton pro- bate court which had set the amounts as follows: U. 8. Trust Co., F. de C. employer, and James Dray, tle finger cut, at rate of $12.50. emplove, lit-| Irving Leather Works, ployer, and Joseph Bontempo, Charles Thompson, Ledyard, employer, |middle finger lacerated, at rate of $5. Sullivan and George L. Shearer $256,- 092.25 each; Mrs. Hayward and Henry Plant $128,046.12 each. : Carlos S. Holcomb represented - the state tax commissioner in making the! arguments before the supreme court. Hadlal A. Huil for Mrs.“Hayward and harles B. Whit- tlesey for Suillvan, Shearer, U. S. Trust Co;, and Henry Plant, the evecutors, and Judge Walter C. Noyes also appearcd Two suits were in- same time. Attorney Arthur T. Keefe for the de- fendant, who , brought the appeal, and Attorney Hadlai Hull for the plaintif, argued the appeal in the case for Anmnie Clark Ealahan of New London ve. Da- vid Ealahan of that city. Judge Gardiner Greene granted Mrs. Ealahan a divorce on the grounds of de- sertion, alimony of.$1,300 and the cus- tody of their nine year old son. The hus- band tcok an appeal from this to the su- preme court. The last. casc to be argued was that in" which Willlam A. Frazier of this city sued to recover from his sister, Emma C. Bailey, the sum of 2,500 which he turned over to her in December, 19i7, when it was alleged he was then mnot mentally competent to dispost of his money. The defense was that the money was given as a free gift and as part con- sideration for Mrs. Balley’s furnishing a home for Mr. Frazier. { The jiry found for Mr. Frazier to re- cover $2,500 with interest at 5 per cent. from December 6, 1917. The sum is $2,995.48. An appeal from this was tak- en to the supreme court by the defend- ant. - i 19 . WORKMEN’S COMPENSATION { AGREEMENTS APTROVED The following nineteen workmen's compensation agreements have been ap- proved by Commissioner J. J. Donchue: New London Ship & Engine Co., em- ployer, and Errico Guerro, employe, in- fection of thumb and finger, at rate of $11.29, New London Coilapsible Tube Co., of New London, employer, and Patrick Foley, finger end crushed, at rate of Tom.su Mtg Co., Norwich, employer, &nd Albert Levesque, Versailles, employe, bruised knee, at rate of $5.23. + H. 8. Finishing Co., Norwich, employ- er, and Elizabeth Teehan, employe, lac- eration of hand, at rate of $7.21. Crescent Fire Arms Co., Norwich, em- ployer, and. James McCall, employe, fing- er,infection, at rate of $8.80. +J, B. Martin Coi, Uncasvilie, employer, and Charles Carbray, Uncasville, em- ploye, left leg scraped, at rate of $13.50. -"New England Collapsible..Tube Co., New London, ewployer; and George New- an, employe, half right index finger am- putated, at rate of $10.07.. Robert Gair Co., Uncasviile, employer, and -William - Jasuchina, Pequot, . em- ploye, clayicular ligaments ruptured, at rate of $9.98; and William Terry, New London, employe, deep cut’in index fing- er,.at rate of '$11.65. -Albert ' A. Wingand,- Crescent Beach, employer, and Henry B. Hanson, Niantic, employe, q)nlned and bruised back, at rate of $9. ~'Co M. Shay Fertfliur Co., New London, employer, and Carl J. Bareiss, ~Groton, vem?“!oye, right " side- strained, at rate of ! ! | 1 | . .State. Highway Commission, mplgm and Ernest Gadbois, . Norwich, employe, ankle sprained and bi in-urp, at ite of $13.:50. B Bo-\'dutn'myndwmrtcm.lww employer, w:nd -Lyman. ‘- Gard, REDUCED $50.00 | FORD CARS N ALL MODELS EXCEPT NEW FOUR-DOOR SEDAN AND FORDSON TRACTORS. Model Chassis Runabout Touring Coupe Sedan Sedan?our— 1-Ton Truck Chassis Fordson Tndor 385.00 $235.00 269.00 298.00 $260.00 294.00 323.00 430.00 AUTHORIZED SALES AND SBWICE All Prices F. O. B. Detroit The- Irving E. Bogue Co. | LOWEST PRICES IN HISTORY OF FORD MOTOR CO. Regular Demountable Rims Self-Starter $330.00 § 364.00 Norwich, em employa e