Norwich Bulletin Newspaper, November 7, 1922, Page 8

NORW\CH BULLbl‘lN TUBDAY NOvF.Mbhr{ 7, 1922 FINANCIAL AMD COMMERCIA. STOCE MABKET WEAK, New York, Nov. 6.—Speculators for e decline, finding the- stock market in a weakened technical position as a re-| gilt of the rapid advance of last Thurs- diy '4nd Friday, today took advantage of the unfavorable near ecastern news and .the unwillingness of traders to car- ¥ stocks -over the Boliday, forcing down prices 1 to 3. points., Uncertainties regarding the outcome 8t tomorrow's elections and the dispo- sitlan of traders to await more definite developments in Turkey before extend- i their commitment resulted in con- siderable less activity, total sales ag- gregating - only 704,000 shares, as against the million share average of the last few weeks. - { The reactionary movement extended over most of the list, but pressure was|y; the | cancentrated in the last hour on Eris issues on reports of a suwike of en ployes of the Pennsylvania Coal con pany, one of its principal cosl yuuwe: Jes. . Erie first preferred was the hard: est hi: dropping 3 points, the common ylelditg 2 3-8 and the second preferred 2 1-4.. Other low priced rails reacted in sympathy, losses of large fractions to 2 points taking place in St. Paul.pre- terred, Rock Island, Missouri - Pacific, Baltimore and Ohio and New Haven. Announcement by the American Rail- way association that the demand for| traffic facilities had caused the great- est car shortage in history failed to check the decline in the Standard rail shares, losses of a point or more being suetained by leading Atlantic Coast, Chesapeake and Ohio, Great Northern preferred, Lake Erle and Western pre- ferred and Union Pacific. There were a few notable exceptions to the downward trend. Chain store shares were bid up in spirited fashion on reports of better business and possi- ble extra dividend disbursements. Wool- worth crossed double par, closing 204 1-2, a net gain of 17 points on the day. Kresge was pushed cp 7 1-2, clos ing at 182. and May Department Stores established a new at 167 1-2, then slip- ped back on profit-taking to 154 5-8 at which price it was nearly 3 points above Saturday's close. Dupont Powder and Otis Elévator aiso were unusually strong, eaining Aix points each. Copper shares .were strong in early @talings, but they forfeited most of their- gains in the final reaction. A slight stiffening of conper prices was notés ‘das a result of the large volume ot metal bought for domestic shipment i nthe“last few days.. Chile and Cerro Dé Pasco each sold at' least a point final figures, but la- gains to fractions. Mines established a new top at| 46 1:2 in speculative oxpectation of an! egtra cash dividend, but it slemped Id- tar to 43, or 2 day’s close. Profit-taking and short selling in the" 5il shares caused some substantial re-| gessions, Mexican Petroleum dropping | nearly ‘3 points, and losses of 1 to 2! being sustained by Standard Oil of New Jersey, Royal Dutch and General As- phait. Steels offered better resistance tg pressure, most of them yielding only! fract'onaily. each lost over 1 1-4 points. Call mqney opened at five per cent| and then advanced to 5 1-2, where it closed. The time money rate held at five per cent with comparatively bueiness ‘being transacted.” atively small mercial paper Only a rel- amount of the new com- is coming into the mar- ! from Turk 1-2 points below Satur-|S Baldwin and Studebaker | little | POLITICAL, ADVERTISEBMEN 090 issue of 207 dE R el at! . 5nd the $15.803,000 issuo of ‘30 5 per cent. first and rofund ds of the Louisville pany, offered at . W. Strauss & company today D fitic ntest nounced the purchase of a $£3,000,0 R L e i | sue of first mortsage § per cent. 3 to e s veac serial bonds of the Insurance etk Sy change cornoration of Toston. The miort. St L San Fran gage covers the land and 1ll-story ex-l So Pacific .. | change bullding to be erected in the Bos- Southern Ry | ton finaneial district. The bonds will bé Strombb C &old at par. Studebaker SONJ pr Texas Co .. Tex & Pac C & Tob Prod Trans Ot Phila * Co Pullman Ray Cons Reading CHICAGO GRAIN MARKET. Chicago, Nov. 6 —Disquieting reports of a new crisis at the Dardanelles led to | 2 material advance today if-the value of | | whea <t closed unsettled, 7-c | 0 1 3-4c net higher, with December $1.16! o $1.¥ 1-3 and May $115 3-4 to $1.18! Corn gained 5-8¢ to lo and oats| In provisions the outcoms| 2 decline to a rise of 15¢ the wheat market here open- - down grade in sympathy wifh otations .2t Liverpool, news af | aggressives actions by the Turks brought iabout quickly a sharp upturn and| throughout the remainder of the day the bear side was at a disadvantage. The| weakness at Livernool was explained 35| due to large North American exports and | increassd Argentine offerings. | Enlarged buying power which develop-| ed in the wheat market here came to a considerable degree from houses with eastern connections. A big cotton specu- lator was said to have been active, in the ! purchasing, and a _prominent Chicago trader was also credited . with -having taken a liberal hand. Under such éir-| mstances and with mo. particular. seti- ssure-in the market, the May de- New Yo —Reaction of three to'six poi railroad issues in redhonse to heavy liquidation in the final hour was the outstanding develop- ment in today's bond market, $he Dyice, tendency in which was mainly downward. Reports of a strike of employes of the Pennsylvania Coal campai one of the chief Erie coal properties, was the only apparent reason for the setback in these issues which accompanied. the slump in stook prices. c 1 ing hafi;;ztcgnt‘ Cd“r’:“i ‘: :e;:)‘fi‘f e :Ez‘ ivery ascended to a new high price rec- series A and the genera] 4s v:vue ot far lord for the season. Talk, however, about % b o {chances of a post-election break in prices ehind with losses of 5 1-2 points each, hCIANCCS of & Dost-election break s Tho scries D bomds sold oft 3 3-4 and | ¢iused a lLttle eetback at the las the prior lien 4s and Erie and Jersey Gl! Corn dnd oats reflected the actv)n of PE} wheat' desite remorts’ that _foreigners 8 each. \“r"{? out of the market for corn and that Other speculative eailroad mortgazes ; ng ted | reacted in sympathy, losses,of 1 to 1 1215 juas undeiaciilie) fihel Untier points taking place in bl Paul general >, 4s, convertible 4 1-2s, and’convertible 55, 1 ‘d“’ O T oy e Frrisco prior lien ¢s and income 6s, Balti-| 219 0B sins of & more and Ohio gold 4s and Chicago zn-ulK Northwestern s. Chicago Grain Market. Foreign bonds_ yielded under the de-|Wheat— High Low. . “Close. pressing influence of the belligerent new. 14% ¥. most of the European is e sues selling at new low levels on fhe| movement. French 7 1-2s and 6s, Bel- gian 7 1-2s and 8s, Italian s, Soissons Lyons 6s, Seine 7s, Queensland 6s, | d Prague 7 1-2s all closed | 68 685 61% 42 I the weakest 20% ion, dropping & while Cuba Cane &s and| 8s, with war-; July 3-1 points, Produ: -3 rants, Cuba Sumar s 6 points on dissolution of the offermg‘ syndicate, fell back anothef point today. N There were a few excen however, | New ey’ fir to the do per 78 igh 5 3 ruling rate 5; closing were a motable cxamule, gainingz nearly;Did 3 1-2; offered at 6: last'loan 571-2; 4 points. Ccero De Pasco Ss and Ju ms'\-“' loans against accentances £ 1-2. bed 1. The rail-| road hed a few cuon»! spots, particularly Southern Railway | Louis ‘division 43 and Western 4s, United te acted with the the firat Libes New York, Nov. s—s;-m cotton qu!et' middling 25.50. \ “MONEY. Nov. 6.—Call money' firmer ; METAL MARKET. New York. Nov. 6.—Copper quiet. eléc- { trolytic spot and futures 13 3-4@13 7-8; tin firm. ‘spot ‘and futiees 32.00; ‘iren ady, No. 1 Nort%ern $30.00@31.00. No. Northern 29.00@¥7.00, No. 2 South 24.00926.00; lead steady 5‘30'. each u» about 2. foint 1 ernment bonds re-] i i for which are unchanged. fousness of the near eastern uation was reflected in the heaviness ¢ forelgn exchangs rates. rench and . German marks d.r:mp'n" Jew s for the eacted m $444 3-8, a large totton bills being ket the rat B contributing STOCKS. The following is a summary of th transactions on the New York Stock Ex- change up to 3 P. M.: b High. Low. Ajax. Tub Allied Am Am Am Am Am & Ohio cel (B) Urook Rap Tr .. Butte Cal Petrol Chandler Motor Ches & Ohio “olumbia Gas on Gas Cons Texas Sorri Prd . Cosden Off . €radibib Stee Gubdr Amer ‘Sug Pavis. Chemical Endicott J Erie’ : Erfe' 1 pr . Pirie, 2 pr' ... Famous . Play Fisk. Rélber reeport « 7 Gesl Asph uci Etectric en \ruur i Nar prd Gréat N Ore Guit Steel .. 11 ¢ Central Inspiration It Nickel Int¢r Con . Kansas ‘City So Kelly 8p T . Kennecott, Keystone T .. . Lehigh huey B Lima Loco Marine pr Marland - Oil Mex Petrol Mex Seg Oil Miami Cop Midv §tl Midd St Ofl.. M K & Tex Mo Pacific .\ 9013 | 655 X Y. Central .. NYNHE&LH. N Y Ont West .. Nor. & West Nor Pacific .. Pac OO}, .. rl!}él)"lfll! FROM RHEUMATIS: ‘“Iad rheumatism five ronths thai waald, go trom my left knee to my ba Tried many remedies. Fithout Selie? Fingily used -Foley Kidney Pills and in fifteen, days’ was entirely cired,” writes W..'J, Ollver, Vidalla, Ga. cache, | rheumatic pains, dull beadache, dizziness blurred vislon ace eymptoras of kid- | Foley Kidn€¥ Pills quickly | Qizorder. cAllevé kideey and bMder tzouble. Lee, § Thigood Co. Ak last G 4s dropped 1€ were & to 30 firm, East St delivery * 1.1697 xs of the democratic “We do not ask yvou to judge u3; but on our record. The shington .is not completed. compiished much, and we oy will decide it. wil] ntnue the republican power. | We have saved hundreds of ‘millions of dollars to the taxpayers by sound fi- nancing and careful scrutiny of all the appropriation bills and by following the | volicy we have established, the. country eventually will cral taxation that is especially due td| the war period. We favor the repayment ‘to our gov ernment of every dollar loaned to the allied nations during the war This .is aniy reasonable iy _Touching on' the Volstead act: Mr. d thdt should a measure for < medification be. reported out_for con- | sideration of congress such a ‘measure} viould receive a most caréfu] serutiny:| If such a measure ,st'tution of the Upited States I .would vote for it. he said. but I, would dot \ {vote for such a ‘meakure. unless:it did, for T am sworn to defend the-Constita: tion of the United States, of which- the | 15th amendment is a part. A | Other achjevements: of the 'u!:nlag» ‘reéman Nov. 6. the ‘trnuon touched upon by.'Mr. F Congressmat |'wers the Washingten - conterence, Freeman closed - his cam.-‘lmrn igration laws.and .the naval polia¥. by appeal’ng to} Mr. Freeman mggmed tha! qum lflm e repubjican ] v =0 cn with the :plendm[? W 01' the fact that the" bl.! called for strifction that.lias been g0 the . cxpenditure of ‘several billion - dok | during the ‘past year and|Jars which is°mot-availablé.” "He: asked | the former Service: men ’to Wait" favorable time for she “consideration of s very important matter. In élosig Mr.. Freeman made-a strong plea. to the zupport of the stateticket election. in tha 3 that Mr. Freeman talked affer hur: g here from an- | other rally at Moosup .he. sketehed the |achievements of the 67th congress and {17id stress on the unfairness of the crit- les who have so pérsistently repeated m.n congress has been doing nothing. So much that/is geod has been accom- plished, he said, it is difficult to select|D. C. for Dbriel enumeration the things that| A eminn even-. could be talked about. The 67th con-|ing ':;3‘°mmm aredt‘o‘ r::elve elnglm gress passed the cmergency tariff hm.lremms and a lunch . e the ‘Velerans’ bureau™ act, the refund-!fs ing foreign debt act, the woman and| . oLy 0% Clestian nlfl'.s.,_ | chila’s weltare measure and maternity | Tho -polls . will ncn in {bills and many other important migas-|this morning ‘at s {ures among the nearly 600 acts that are!5 o'clock. to the credit of this congress, Congress is not made up of highbrows or super- men, Mr. Freeman said, but of the ave- rage earnest type of men and all shades of political opinion and religious beliets { The relationship "between heart 'dis~ are represented within it. en’ blind | ease” and eonsymption made the “subjest and old are there and only the deaf and;0f an animatell discussion’ Mehday at| dumb are conspicuous, by their absence, | Hartford .at the medical conference It is too much to expect perfection, but|the stats tuberculosis ‘commission: ‘and ‘Lhe 67th congress has labered ezrnest- {ly and honestly and has accomplished 2 great deal 3 ad' e precedi 3 that of Congressman . Freefi:’:n was ‘y Ednn Sheldon - Blair rashington, an FIND HEART WEAKNESS . GOES WITH mxscmmn culosis sanatoria. Dr. Samuel. Delahs; 62 the ‘medi 'staff at the ertlbrd stafe torii an has been able to lie gave i detail hisobservations down on the job when the work has! been ceaseless and the effort untimely,| =Y veéars on -the. It we could take some of the critics to| 04nd among tuberculous Washington they might sec how harg'esting to intimate relationship be conzress labors and mugh of their criti- | these, Physical weaknesses. 5 clsm would be silenced. 'We as. willing |, D¥. C: P LeLasher, also "ot tha"meéd= to but our cards on the tablé and weloal stal: at-the. Bfl;fl:g*gmflm* at you are going to do to- 6. clinjol Ty 0 Vie stand on our records We oot U g ‘““fi"‘;“"fl"” the national debt by a toelwell; the - sana: gollars. in_the' 18 months Sinds | torium superintendent,” showed: exhibita {the Harding administration came .into| ¢ Piove that the tubercle bacuilus:may’ iDower and ws have collected one billion | APPeAT in other than ‘the Grdinarily Yeos follase tene i taxey- e aving or ks SEREnd ot SEUSAN Samind i 'n doliars ta ‘the people. i We have dono this by rigd ecoromy, :30‘"""3"&‘,',‘0%%,’,, e b) elitainating as rapidly . as possible claims: to-be able to'" vamin 4 A s the wantan waste and reckicss extrava: SR s against tubercujosis;: - Speciatist The dmngu hed French’ gave ‘to Dr.: Siockwell/.on the. oe Of " his visit 1o 8:)pe to, attend “the. ternational . Tuberculosis convention; ¥ enly two s(rains of {howine., She polls will open imall istricts hix wmoraing al ¢ o'elock and. elose” at & e'cloch, 3 administra- be relieved of the £cd-§‘ the medical officers of ‘the ‘state tubsEc ) hieart. conditions PRIVATE 'cdfresbbhdehce, NOT 'OFF‘:clAL, was stolen from' my office, two years ago, when l . was Assistant Attorney Ceneral of the United. ‘States. : Many Repubhcan newspapers have published portions of these stolen letters; some Republican newépapers héve refused to publish one word of my statements on the subject. - In‘a speech at Waterbury, last Thursday night, I challenged the publication of any material which would untit me to be a member of the United States Senate. THERE HAS BEEN NO SUCH PUBLICATION. g Although the stolen letters contain not one single word to. such effect, the false statement has been published that | toured: this country at the expense of the United States Government. - THIS | HAVE SPECIFICALLY AND CATE- GORICALLY DENIED,. both in the press and from the platform. Yet, many Republican newspapers refuse to publish that denial. Every penny charged against the Government by an Assistant Attorney General must, by law, appear in ‘an itemized accounting and such accounting of all m official expense is published in Government Reports of 1920 and 1921 _ THIS GOVERNMENT REPO_RT durmg all the time I held office. NOT ONE PEW WAS_ SPENT EXCEPT FOR GOVERNMEN. BUSINESS possession of pre s reports, I LEAVE TO Youg'f of the slanderous churgee