Norwich Bulletin Newspaper, November 3, 1922, Page 12

NORWICH BULLETIN, FRIDAY, NOVEMBER 3, 1922 FINANCIAL AMD COMMERCIAL GAINS IN PRICES OF STOCES. New York, Nov, 2.—Substantial re- covery from the recent reaction extend- ing over a period of nearly three weeks took place In today's stock market, prices throughout the list being bid u» In spirited fashion with the active is- sues showing gains.of 1 to 6 points. The downward course of prices had been In the nature of a correction of an over-bought condition resulting from speculative excesses incidental to the declaration of stock dividends and ru- mors of the same. IndicAtions that the reaction had been overdone, just as the previous advance hgd been, were semn in the manner in which stocks rebound- ed today, buying embracing a broal list and being particularly active if in- dustrial shares which: had borne the brunt of the sHort selling. Short covering furnished the impetus for the early advance but as the main body of stocks swung upward there were Indications of new buying by vestment interests, founded on the con- stantly improving busiess situation. ‘This was ¥Yeflected in record car load- ings, increased automobile production in October over the previous month, be ter retail business as mirrored in the earnings statements of chain stores and further talk of extra diivdend disburse- ments. Good absorption took place throughout the list despite a rath:l heavy volume of realizing sales and ex- tensive liquidation on behalf of a bark- rupt brokerage Nouse. It is difficult to pick out any one group as being the most buoyant, but wome of the largest gains were record- ed in the oil, equipment, public utility and rafl shares. Buying in the equipment group was stimulated by announcement of addi- tional new and heavy orders for rails. care and locomotives, Baldwin and American Locomotives, American Pullman, General Electric and Railway Eteel Spring being pushed .up 3 to near- ly six points. Declaration. of an 18 per cent stock dividend Ly American Stael Foundries found reflection in a 3 point net gain in_that stock. Public Service of New Jersey led the advance in public utilities, gaining 5 1-4 points buying of .this' stock accompan¥- ing reports of .an dincrease from $6 to $8 In the dividend rate. Other strong spoty in this group were Consolidated Gas, Brooklyn Edison, Pacific Gas, ‘Co- lumbia Gas, Western Union ahd Adams and Amreican Express, all up to points, Mexican Petroleum was the outstand- Ing issue in the oil division, gainmg nearly 6 pointe. Other advances in this group included: Sfandard Oil of New Jersey, 2 3-4; General Asphalt, 2 1-8; the preferrad, 4 1-4; Pacific, 2 1-8 aad Standard Oil’ of California, 1 3-4. Bellet that the October earnings statements will make a much better showing than .those for September in- fuenced the buying of railroad shares, the rally in which was led by Reading, which registered a 2 point gain. Other Shares which recorded advances of 1 1-2 polnts or more included Union Paci- fic, New York Central, Lackawannu, Louisville, and shville, Rock Island and Chicaga and Northwestern. Steel shares were not as buoyant as some of the other standard groups but both United State§ Steel common and Bethlehem B improved 1 1-2 -points, while Republic, Vanadium and Crucihie lid slightly better, Reports of an in- creased - domestic demand foP copper 4were ‘responsible, in part, for gains of % point or more in American Emelting, Utah .and Chile. National Lead jumped + 8 1-2 points on announcement of an ‘n- crease in the price of that product, 25 The Great Money-Lender With a Heart We lend meney to honest- per- sons having ateady employment; loans for sums needed up to $300, 4 repayable in'six to fifteeq month- Ly installments, us arrangedl to suit convenience of each borrower; lesal rates charged on sum still due for time used; no charge un- less Joan made; deals confidential »and none will know you are bor- rowing? private offices; glad to ex- plain Beneficial Plan; courteous treatment; convenient and , safe place to borrow; equick service; new borrowers welcomed; hours, 9 to 5:20; Saturdays 9 to 1. Call, write or phone 1-6-6-4. Beneficla] Loan Society ROOMS 302-303 . % STATE STREE.. NEW LONDON, CONN. Licensed by the State Bank Commissioner WHEN YOU WANT to put your busle uness before the public, ihere is no medis um - better than .through the advertising . columys of The Bulletin. c *1chi Total' sales were. 995.100 shares. ‘ Call money held firm at five per cent Time money and commercial rates were unchanged. Sterling was steady but continenta’ exchange rates were weak, German marks dropping to a new low record under 2 cents a hundred, paper STOCKS.~ The following is a summary of the transactions on the New York Stock Ex- change up to 3 P. M.: Allied Chemical Allis Chalmers . Ag Chem ...... Beet Sugar .... 3 Bosch Mag ... Can .3 Canspr . Car & Fdy . Cotton Oil . Cotton Oil pr Hide & Leath .. Hide & L pt .. Hide & L pr Tel &, Tel . Tobacco ‘Woolen Woolen pr Anaconda Cop Associated Oil Atch T & S F Atch T & S F pr .. Balt & Ohio Balt & Ohio pr | Beth Steel (B)-. Beth Steel 7 p ¢ ..100 Beth Steel cu pr Brook Rap Tr Brook R T cars Butte & Sup ..:.... 31% Canadian Pac J1447% Cent Leather .... 3 Cent Leath pr ..... Chandler Motor Ches & Ohio Chi Gt West ... Chi Gt West pr Chi M &St P ... Chi M & St P pr .. & N'west C & N'west pr . . 148 SIChi RI & P Chile Copper . Chino = Copper Cosden Crucible ~Steel Crucible Steel pr Del & Hudson |Dome Mines Erle .. .. Erie 1 pr Erie 2 pr Fisher Body Fish Bdy (O) pr .. Gen Blectric Gen El special Gen Motor Gen Motor Deb . Gen Mot Deb pr .. Great North pr Great North Ore Hupp Motor Car .. 2 Illinois Central .... Illinois Cent pr A..115 Inspiration Cop ... 3¢, Int, Harvester, . Int Harv pr .° Int Mer Mar pr Int Paper .. ... Int Paper pr sta . Kennecott .. Lehigh Valley Maxwell Mot A Y QQ% Mexican Petrol . ...o,é Miami Copper .... M St P& SS M. MoK&TwI .. 16% MoK&Tprwi. 42 Missourl Pacific 19 1 Missouri Pac pr 545 Nat En & St .. 6834 N Y Air Brake N Y ,Central NYNH&H 3 30% Noriolk West 120 North Pacific 843% Penn R R . 48 Pierce Oil .. Y 54 Pierce Oil pr 42% Ray Con 13 Reading 82% Reading 1t pr 52 Rep Ir &St 50 Rep I & Steel 85 South Pacific 93 South Railway 24% South Ry pr 656% Tenn Copper 9 Tobacco Prod 55% Tob Prod A 82 Union Pacific 145% Union_Pac pr 7% U S Rubber .. 52% U S Rubber pr 963 U S Steel .. 1055 U S Steel pr 121% West Un Tel 112% West'house Air B 951 West'house El -.... 6055 Willys O’'land .. 6 Willys O'land pr 49 Worth Pump .. 33 Worth .Pump B 65 . 33 . 85 ) BOND MARKET, New York, Nov. 2.—Foreign govern- ment wecurities and ‘speculative railroad mortgages led a -general -advance in prices in today's broad and active bond dealings on the New York stock ex- chB.nxte.d '.L;rge blocksh of bonds were reported taken out of the market financial interests, ehdl Strength of foreign bonds was rather surprising in. view of the, weakness of foreign .exchange. Belgian 7 .1-2’s and §’s advanced 2 1-2 and 2 polnt! Tespec- tively,, while gains of.1 to 1 1-2 were recorded by Belglan §'s, Swiss 8's, Jap- PRESTON BROS. CO. A Demonstration FRIDAY AND SATURDAY DAVIS’ Gloss White Fres-co-lite THE WONDER PAINT —FOR— REFINISHING YOUR HOME AN ENAMEL FINISH AT THE COST OF PAINT COME IN AND SEE IT COVER SURFACES WITH. ONE COAT(THAT 'REQUIRE - O COATS OF ORDINARY PAINT. - 10% DISCOUNT ‘PRF.STON DURING SALE ‘BROS. Co. ON THE SQUARE ————, ORPHEUM THEATRE DANIELSON ONE MERRY NIGHT MONDAY, NOVEMBER 6th THE BRIGHTEST, SNAPPIEST AND MOST TUNEFUL MUSICAL OFFERING OF THE SEASON! THE INTERNATIONAL COMIC OPERA SUCCESS: OWir#1 A GREAT CAST OF ~» <& S/NGERS AND COMEDIANS &d THE PRETTIEST MOST SHAPELY CHORUS IN AMERICA. PRICES, 50c, $1.00, $1.50, $2.00 Plus Tax Mail Orders Now — Enclose Self- Addressed Stamped Envelope. SEATS NOW SELLING BIG EXHIBITION DANCE ROSELAND THE HOME OF REFINED DANCING Saturday Evening, Nov. 4th By Mr. and Mrs. Sal Ficara Chantpion Novelty Fox-Trot Danch ers of Eastern Connecticut Philharmonic Dance Or- chestra y . Gents 55¢ Ladies 35¢ Cars for Taftville and Baltic After the Dance anese, 's and French §%. French mu- nicipfl issues improved fractionally. There were two notable exceptions to the upward trend, Berne §'s and Copen- hagen 5 1-2's which dropped 2 and 1 points, respectively. In the railroad list the biggest bulze took place in Cleveland, Cineinnati, Chi- cago and St. Louls 6's, which rose 2 1-2 points. Erie convertiblo 4's, series 4| moved up' 2 3-8 and series B, 2 poin‘s, San Antonio and Arkansas Pass &'s also| rallied 2 points. In the long list of: mortgages which were pushed up fro: 1 to 1 1-2 points were Baltimore an Ohio convertible 4 1-2's and gold 4's, Paul convertible 4 1-2%, New Y Cenfral consolidated 4's, and debenture ¢'s, Frisco adjustment 6's, income 65 and prior lien 4's, New Haven Unlon - Pacific 4’s, Seaboard Air consolidated 6's,” “Soo” 4's, “Katy” 6's and adjustment 5's and Chesapeake and Ohio general 4 1-2 Industrial llens were not as getive as the rail or foreign issues althpugh ad- vances of a poifit or more were scored by United States Smelting and Refin- ing 6's, Cerro De -Pasco 8's’and Chile Copper 7's. Traction issues were mod- erately strong, Brookiyn Rapid Transit 7’s climbing 2 points, North American Edison 6's, 1 1-2 and American Teic- phone Convertible &'s, 1 1-4. The largest gain in the United States government list was' made by the first 4 1-4’s, which jumped 30 cents on $100; other advances ranged from 8§ to 28 cents. °191a1 sales par value) were $14,251,- 000, The only offering of note today wos; an issue of $1,100,000 Empire Gas and Electric company general and.refunding six" per_cent 30 year bonds, series A, oi- | fered at 96 to yle!d 6.30 per cent. Line Liberty Bonds. “High. Low. S Lib 3%s ..100.64 1100.52 U S Lib 1st 4%s 98.70 98.38 U S.Lib 2d 4%s 98.38 92.26 U S Lib 3d 4%s 99.00 98.70 U S Lib 4ht 4%s 98.96 98.56 Victory 4%s ...100.44 100.36 do called . .100008 100.04 100.0S Treas. 4%s . 99.90 49.82 99.86 Quoted in dollars. and cents per $100 ‘band. 98.56 100.36 Forelgn Exchange. With the exception oI sterling, al gaotations are In cents per unit of for sign cusremcy: Year Sterling— Demand. .. Cables Francs .. Guilders . Marks . Lire ... Swiss francs Pesetas .. Belgian (mca Kronen .. . Sweden Denmark Norway .. Greece ) Argentina Brazile Yesterday. 73.20 an oona CHICAGO GERAIN MARKET. 5 Chicago, Nov. 2.—Although on ac- (BROADWAY| TODAY AND SATURDAY KEITH VAUDEVILLE—5 ACTS Four Diamonds “A LITTLE OF EVERYTHING” STANLEY CHAPMAN TOO FULL FOR WORDS AMOROS & OBEY PRENCH ECCENTRICS CLEO & THOMAS PRESENT “ CHILDHOOD”, Warmsley & Keating «COMICALITIES OF LIFE? FEATURE PICTURE “THE HALF BREED” ADAPTED FROM OLIVER MOROSCO’S STAGE SUCCESS SUNDAY AND MONDAY i RUDOLPH VALENTINO —IN— ' THE FOUR HORSEMEN OF THE APOCALYPSE S BRrReeD THEATRE > Today and Saturday THE DIXIELARD: STEEPLECHASE JUST ONE OF THE MANY THAILLS w The William Fox wonoer i} mewoorama oF Love ANz ATTION DEMARMDURNNS AHONEST WOTON T CHAS. HUTCHISON, in “GO _GET ’EM HUTCH” PATHE NEWS e e et EDUCATIONAL 'COMEDY CONTINUOUS SHOW SATURDAY, 1:30 TO 10:15 joount of scantiness of foreign stocks, wheat scored a fresh upturn in price today, the market then eased down, in- fluenced by selling from traders who ! contended that a setback was due. ' The close was unsettled, at the same as yes- terday’s finish to 3-8c lower, with De- cember 1.16 3-8 to 1.16 12 and May 1.13 7-8 to 114. Corn gained 1-8 to 3-¢c net, oats 1-8c@1-4 to 1-4@3-8, and pro- vislons 5c to 37c. Efforts to bring about a bearish re- action in the wheat market met with practically no success until the rise of value- shad carried May delivery to a new top record for the seasom, 111 3-3. At this stage profit-taking on the part of holders as well as speculative bear dealings more than counter-balanced the early gains. The fact that despite car shortage the total of primary re- ceipts today was much in excess of the aggregate a year ago counted to some extent gs 2 handicap to bulls, and so likewise" did further useful rams in tne winter crop belt. Gossip that Great Britain has yet to provide for half its November requir ments of wheat and, that other Euro- pean countries; have been getting les than enohgh to supply current needs at- tracted considerable notice, especially in 'view of a 10 per cent. cut in ocean freight rates. -The prevailing opinion later, however, appeared to be that ad- vances ‘here had sufficiently discounted bullish factors for the moment. Assertions that . country . elevatpr stocks of old corn had become nearly exhausted had bullish effect on corn and 6ats. Provisions were firmer with hog values and owing to a liberal da- crease shown in the amount of lard on hand here. . Chilcago Grain Market. Wheat— Dec. . THE DANCE OF THE SEASON! McEnelly’s - ‘Singing't Orchestra OF 13MEN State Armory, Wilhmantlc, Conn. AUSPICES CO. G, 169th lNF C.N.G. Wednesday Evemng, November 8th CONCERT8TOS DANC]NG9 TO 12 “Photoplays of the Better Class” TODAY—SATURDAY—20c-25¢c “STH E SIREN CALL wirn DOROTHY ‘DALTON DAVID POWELL MITCHELL LEWIS T GParamounl GPiclure, MONTY BANKS, in “LOVE TAPS” SELZNICK NEWS —_— MON., TUES. AND WED. EXTRAORDINARY ATTRACTION DOROTHY PHILLIPS . “ABSOLUTELY” IT’S GOING TO BE A DANCE In Rioux Hall, Jewett City That’s. Hard to Beat Friday Eve., Nov. 3rd, 1922 Dancing 8:30 to 12:00 Music by Thumm’s Orchestra DANCE! Opening of T. A. B. Hall Saturday Nigl'gt, Nov. 4th UNDER THE HILLTOP CASINO MANAGEMENT WITH THE HILL- TOP CASINO ORCHESTRA. ADMISSION LADIES 35¢c . GENTS. 55¢ May July Corn— Dec. . May .. July .. Oats— Dec. May July .. 114% 106% 113% 105 113% 105% 681 €8% 68% 42% 423 9% 6814 68% 7% 42% 42% 39% METAL MARKET. s New York, Nov. 2—Copper steady: electroiytic, spot and mearby 13 3-4@13 7-8; later 13 3-4@14; tin steady; spos and nearby 36.00@36.25; futures 36.25! CONNECTICUT COLLEGE CONCERT SERIES 1922:23 FIRST CONCERT N Y. Philharmonic Orchestra Seventy Musicians JOSEF STRANSKY, Conductor STATE ARMORY — NEW LONDON MONDAY, NOVEMBER 6th, 8:15 P. M. ALL SEATS RESERVED $3.00 — $2.50 — $1.50 — Tax Free Sale at Cridsey’s, 115 State Street, New London Mail Orders Given Prompt Attention T__ight Is the Night Confetti — Streamers — Favors — Balloons — Noise-makers — Fun. Special Electrical Effects AUSPICES COMBAT TRAIN ADMISSION 65¢ — LADIES 45¢ Cars to Taftville With Ray Welch’s Orchestra DANC of Providence, R. L. FEATURING HOWARD JOHNSON, FORMERLY VIOLINIST WITH ELSIE JANIS ON KEITH'S CIRCUIT. FRANKIE CARLE, PIANIST, DIRECT FROM THE NEW YORK ABARETS. AL’ GAGNON, THE SAXCPHONE SENSATION. PLAINFIELD COMMUNITY HOUSE SATURDAY, NOVEMBER 4th GENTLEMEN 75 CENTS—LADIES 50 CENTS—TAX INCLUDED STATE ARMORY DANIELSON FRIDAY EVENING | NOVEMBER 3rd Sullivan Brothers’ Orchestra Foresters’ Dance Union H.u, Voluntown Friday Evening Nov. 3, 1922 MOREY’S ORCHESTRA GENTS 65¢c, LADIES 35¢ DANCE STATE ARMORY Willimantic, Conn. Auspices Co. G, 169th Inf. C. N. G. Saturday Nite, Nov. 4th Music By Armour’s Orches tra of Worcester, an MQNEY, New York, qu 2.—Call money eas-| WHEN YOU WANT to put your busi- fer; high 53 low §; ruling rate 5; €los- | 1ess before the public, there is no medi- ing bid 5; oftered at 5 1-2; last loan 5;|uem better thun .arough the advertising call loans against acceptances 4 1-2. woiumns of Tes Sulletin. of Milford, Mass. @36.37; fron steady; prices unchanged; lead firm; spot 6.75@7.00; zinc quiet; East St. Louis spot and nearby deliv- ery 7.10@7.15; antimony, spot 6.75. COTTON, New York, Nov. 2.—Cotton steady; middling 24.70. . spot 'VALUES THAT HIT THE BULL’S EYE MEN’S OVERCOATS High-Grade Overcoats, at Moderate Prices ! 521 50 $27.50 $32.50 EVERY ONE A “BILTMORE” MEN’S SUITS TOP NOTCH QUALITY AT ROCK BOTTOM PRICES “Biltmore” and “Ell Ess System Clothes” $19.50 $26.50 $34.50 HeavlebbedShlrtsandDrawers................... 65¢ Sweaters — (AflSimdes) FlannelShn-ts,khakl,/blmandgray..............SlASup TTTITT N i RISRBTREA I, AES L L HDEE S EPERIN AT 3 if.