Norwich Bulletin Newspaper, November 14, 1922, Page 8

NUKWIUH BULLELIN, 1UESDAY, NUV. 14, 1942 ~ FINANCIAL AFD COMMERCIA; —————essn s STOCK PRICES FLUCTUATED. %I!m? Loco .. New York, Nov.. 13.—Stock prices |Marine .. sez-sawed up and down in today's mar- ii“{};“ . Poffi ket reflecting, in gemeral, the covering | Mariand Ofl .. and selling operations of short interests|>lexican Petrol who appeaved to be in complete control |Mex Sca Oil .. Final prices were generally below those |Midv Steel of Saturday, but the strength of the re- [Aidd St OI . sistance emcountered at today's lower | Mo Pacific levels indlcated thit the decline had |Mo Pac pr about run its Gourse, at least temporari- | Nat Biscuit .. 1y. Thers was po outside news to accuunt for the further depresion, but bearish seatiment has developed on the unfavor- able outlook 3 Turkey, the possibility of unfavoiable tax legislation by the nest congress and the apparent inability of bull operators to sttract sn outside fol- lowing. Somc stocks were depressed for spe- clal reasomg. Marine preferredi which broks more than fotr points, wis sold freely on speculative belief that the ad- ministration would not be able to put over its ship subsidy programme and that the imincd'ate outiovk for the shipping trado was nono too promising. Crucible Steel dropped nearly three points on publication of the annual re- port, which showed a deficit of nearly $6.500,000 after payment of dividends for the year ended August 31 last. Other ' steels 1§ re weak in sympathy, Vanadium ylelding 1 1-3, Bethlehem and Midvale losing about a point and U. S. Steel, l:fipubuc and Replogle receding fraction- y. General - Asphalt common and preferred established new low records for the year on net losses of slightly more than six and four points, respectively, but they recovered somewhat - in later dealings. Houston fell to 68, also a new low, and then rallfed to - 69, a net loss of two points. . Pan-American B dropped more than two points and the A was off one, while Mexican Petroleum, which has céased to Be much of a factor in the mn becauss of the small amount of outstanding. Changes in rail shares were mixed, but S mbstly downward. Jersey Central drop. |, CPicago, Nov. 13.—Covering by shorts ped three points on announcement —of |12te in the sessnon brought about a ral- Mficisls that o immediote s Siatibor |1y in the wheat market after it had held tlon of the profits of its coal properties | Within relatively narrow limits, but- at whs contemplated. Losses of & point or |& SliShtly higher average under. the: in- more also took place in Erie second pre- | fluence of Winnipeg strength and high- ferred, Pere Marquette, Great Northern |Sf duotations in Liverpool. The close preferred, “Nickel Plate,” Lackawanns |Was unchanged to 1 1-4 cents higher, bill Cut your fuel with this newest oil range —and Socony Kerosene eat by tbe roomful.” chere you want it in an instant. Clean and convenicat. No dirt or ashes. Always ready for use. PERFECTION A Foot Comfort Demonstrator Specially Trained In DR. SCHOLL'’S Foot Comfort Methods Will Be at This Store Wednesday — Thursday November 15th and 16th IF YOU HAVE FOOT TROUBLE CALL AND SEE US. The Geo. W.Kies Co. 118-120 MAIN STREET Established 1866 Nor Pacific Pac Ofl .. Pan Am Pt . Penn R R .. Peoples Gas Pitts Coal .. Pullman Pure Oil Ray Con Reading .. Rep I &St . Sears Roebuck Sin Cons .. South Pacific . South Ry .. ... Sauth Ry pr Studebaker Texas Co. Texas Pacific Tobacco Prod Union Pac Union Ol .. U S Rubber . Van Steel Wabash .. . Westinghouse .. West Un Tel . West Md . Worth Pump Perfection it gives you the cooking speed of gas. The range is strong, roomy, and equally effective for all kinds of cooking. The famous Good House- T'HE latest New Perfection Oil Range with the newly invented Superfex Burners has been a revela- tion to every housewife who has used one, Phone 1442 and Delaware and Hudson, but Reading, Chicago and Northwestern made slight galns, while Western Pacific was push- ed up over two points. Canadian Pa- csific falled to respond to the declaration of the regular quarterly dividend of 2 1-3 per cent, ylelding fractionally below Saturday’s close. with December 1.16 1-4 to 1.16 3-8. And May 115 to 115 1-8; corn was 1.8¢ lower to 1-4c higher; oats a shade off to a like advance and provisions unchanged to 7 cents up. The action of the wheat market was erratic. Pressure to sell was felt on all the bulges, and there was a_strong | belief in the bear side but the trade were Some of ‘the outstanding weak spots.inciined to exercise caution and sell only ‘were Brooklyn Edison, Detroit Edison, Federal Mining and Smelting preferred, Lorilllard Tobacco, and Goodrich prefer- red, the losses ranging from 2 1-2 to 13 five soints. Total sales were 1,014,000 shares. Call money ‘opened and held at 5 per eent. throughout the ‘day. Business in the time money market was. confined miostly to remewals which were arranged st § per cent. The bulk of the commer- cial paper is moving at ¢ 3-4 per cent. An improved tone was noted in the for- sign exchange market. The Italian rate moved up from 4.46 to 4.70 in response to the accumulation by governmental agencies on the strength of the improved political conditions in that eountry. Im- porters and banks were heavy buyers of :sterling, the demand rate touch ing $4.47 5-8 2 new high on the movement. STOCES. The following is a summary of the transactioris on the New York Stock Ex- change up to 3 P. M.: L L e ?5353,-‘{35;::? Bgesengss “2p el ;:u-’gigg ge gg8 1L £ % | French and Belgian issues, inéluding the | polnts. . Woalworth was strong, gatning | o, Ce2rish operations. on the bulges. The Turkish situation was regarded as unfavorable, and tended -to lend some uneasiness causing. restriction There - always was enough wheat on hand to check the rallies despite support which came most- ly from local longs. Most of the pur- chases however, were against sales made in Winnipeg. For the first time in more than a month, there was mention of hedging pressurs and while this selling was not big, it was large enough ‘to attract attention. It emphasized the big Teceipts at primary markets and confirm- ed recent reports of increased car Sup- ply The increase of 1,952,000 bushels in the visible supply also was a reminder of increased receipts and decreasing- de- mand. Weather over the winter wheat belt was favorable and soil conditions were reported greatly improved by ‘the rains and snows of Sunday and = to- day. Corn and oats showed a rather heavy undertone, averaging lower early on lo- cal pressure but rallying later on short coverings. No material change was not- ed in cash premiums and the demand for the actual grain was fairly good. Some sales were made to exporters, although, there was no fresh inquiry of conse- quence from atroad, according to sea- board reports. Buying of lard credited to New York, coupled with an advance in lard in Liv- erpool terided to offset a decline in hog vaules here and made a higher range in provisions. Chieago Gram Market. High. Low. Close 116% 16% 115% 115% 105% 63% Wheat— Dec. ... May . July Corn— Dec. May July Oats— Dec. May July ... New steady, York, Nov. middling 2! 13. — Spot <otton 3! New York, Nov. 13.—Call money easier,] high 5; low 5; ruling rate 5;. closing bid 5; offered at 5 1-2; last. loan 5; call loans against acceptances 4 1-2. METAL MARKET. New York, Nov. 13.—Copper steady, electrolytic, spot and -futures 13- 7-8; tin, easy, spot and nearby 37.00; futures 37.255; iron steady, No. 1; Northern 30.00@31.00, No. 2, Northern 28.00Q 30.00; No. 2, Southern 24.00&26.00; lead steady, spot, 7.00@7.25; zinc quiet, East St. Louls spot and nearby delivery 7.25@ 7.30; antimony, spot, 6.75. BOND MARKET. ; New York, Nov. 13.—Heavy liquidation of foreign bonds,- much of it on:the part ot investors who have become alarmed. over the Turkish situation and the fiil- ure of the Berlin reparitions conferénee to-reach an agreement, caused a wide- spread break in the prices of those secur- ities in today's market. Most of the French government 7 .1-2's and 8's, .féll to new low records for the year. Prague 7 1-2's were the hardest h“. dropping 4 points, while the companion Czecho-Slovakian 8's yielded 2.1-2. Mar- seilles 6's broke 3 1-4 points‘and Lyons 6's, 3, while the French 7 1-2's and &', Belgian 7's and 8's, Seine T's,. Bordeaux 6’'s, Paris-Lyons-Mediterranean 6's, Bal- gian 6's and Soissons 6's were off 1 1-3 to 2 1-2 points. Losses of a- point.or more were registered by Chile &'s of 194! Brazil 7's, Queensland 6's. and State of San Paulo 8's. British bonds, particu; larly. United Kingdom 5 1-2's, mfe trong. Bond dealers report that the market is- developing an over-loaded ' condition. % and that comparatively little new buy- Fe ‘ll ADrY AR IR U] itda f m?’“i ing power is coming into - the market. Large amounts of surplus funds, - which wm-a u:vested ln bann ou'ucr in m]uu-m with meo the dmnnd (m- lncnued wmmuhl credit. Weakness of the forelgn sectirities a depressing effect on -the rest.of ml n-.nnut. Losecs of 1 to 3 points were q.xlu commnn in the list of rafiread rtgages, among the more 'prominent | oy bcln. Toledo, St. Louis and Western 's, lnumdmm! end Nehthorn sd- u-nmt 6's, Colerado Bouthern 4 1-8's, Denver and Ris Granda Consolldated Bouthérn Railway gensral 0's Alr Line Conulmn-d 0's, Northern Pa- oifls 4’5 and Frisco adjustment O's &nd ingems 's: the sreskness of gorp 'M Repun- whails paints wm Patad L L0 5% | paRVETLING G'l. Maring Tyodusers sAq MeRssrs §' 'vf )Hi ifaaiu BRest ;-.;-h:;‘. & $10,000,000, were put out todayfi the larg- est being an issue of $3,000,000 first line and refunding mortgage 6 per cent., 20- year Bonds of the 'lide Water Power i Company, offered at 96 to yield 6.35 per cent. HOUSE COMMITTEE HEADS IN THE NEW CONGRESS ‘Washington, Nov. 13.—- Pennsylvania. with seven, will top all the states In big houss committes heals in the new con- gress, unless the senlority Tule is abro- gated. All told there are sixty standing com- mittees, but some of them have little to do with important legislaion. The seven important is expected to have are: Banking, clair: forelgn affairs, judiciary, naval, fice and printing, a gain of two. Towa will have four—all big They are: Ways and means, all powe ful of itself: Roads, agricuture and In- sular affairs, although Chairman Towner of the latter could relinquish contfo there to take education, lost to - Oh through the shift of Representative Fes to_senate. Tilinois will hold on to appropriations the biggest committee of the house, and rules will pass from Kansas to York. Rivers and harbors, accounts Indien affairs will remain with New York, which has few Indians like those who used to be there. In the present house, with 2 s gation, Ohio has the chairmanshis 5 one big cmmittee—education. Ohio mem- bers insist the old seniority system ought not to keep them out of honors they claim as theif due. The far west will hold on to several important committees, including immi- gration, labor, military, territories. Min- nesota last Tuesday lost the heads of judiciary and poptoffice, holding on to Denstons and the northwest is beginnin; to clamor for greater representation. Some of the committees were shot t- pleces, the committee on expositions and ' industrial arts looks as if a evclone had| struck it—eight of the ten republicans| being off after March fourth. Indiana will get the chairmanship of: census, which must frame the bill for house re-apportionment. There will be a big shift around, re- gardless of whether the seniority sys-| tem holds up or falls down. About ten| vacancies are to be filled on appropria-| tions, A scramble already has started| for: four of the eight republican places on the rules committee, which will be vacant. Massachusetts will cling to merchant marine and. interstate commerce, two ‘comittees im ‘which- important legisla- tion will be considered. Tha steering committee, which shapes ilegislation, consists of seven members, two of whom will not come back. Greéne of Vermont, was elected to the senats and Dunn of New York, did not run. The others .who hold over are Darrow, Pennsylvania; Longworth, Ohlo; San- ders, Indiana; Anderson, Minnesota and Nolan, California, New England New. York “will insist.on continued rep- resentation. Two commitiees may be lbolishedA One .is’ woman suffrage and the other s control of “the .liquer traffic. 'Membsls.Vof the go ment tonnage cond s said ‘they might as well be wished out. - As. chairmanp = of the committee on committees, which picks men for the Tuhdreds . of 6 places, Representativa Mann’ of - Illinais, ~the veteran of many legislative * battles, occupiés a - position ©of ‘'power greater than that of any’ other man in shaping the organization of the next: house. TO ‘PRESENT EVIDENCE IN - HALL-MILLS MURDEES THURSDAY Somerville, N. J., Nov. 13.—Evidence on’ which indictments are to be sought against a woman and two men for the slaying of Ru Edward J. Hall and his choir lsader, 3irs.” Eleanor Mills, will be presented :to. the Somerset county grand Jjury.Thursday morning. This was announced late today by Spe- cid] Deputy Attorney General Mott, in charge of the investigation, following a Prosecutor Beekman of Somerset county and County Detectlve Magon. Mr. Mott declared he had =l his evidence and felt reasonably certain it was sufficlent to warrant indictments, but Tefused to go into details. Henry Carpander, cousin of Mrs, Fran. ces ‘Stovers Hall, widow of the slain rec- m -u‘nnly was operated on for appens lajtis; and cannot be questioned for at l-uthuun. Carpender i3 ong of the wiinasses who has boen frequently ques. tioned by effielals, and was to have met My, Moit. tomerraw, . Mott denisd reparts that Rs was at M with Fereman Cibb 6f the Bamer: jary; 6F that Ba had had die fersnna it ?rauaa-v Teskman, At today's eanfersnsa with Paskman tha evi: faRE3 to iss eatad to the ififid T famizat 5& idenes g 21| grawn in justice to the privato raiser clalms to have witnessed the mur- ders. Last spring, according to Totten, com- plaint was made to Prosecutor Beekman of the sanitary condition of Mrs. Russeil's farm. The woman was declared to have neglected her stock, and was called to Mr. Beekman's office. Mrs. Russell, ac- ding to Totten, has credited Mrs. Gib- vith having made the complaint, and been strained since. Mrs. Hall today addressed letters to Mr. Mott and Foreman Gibb of the grand jury declaring her innocence of any par- ticipation in the double slaying, and ask- s be nermitted to teil her story investigating body. The let- she was willing to sign a waiver of i nmunity before she testified. Timothy N. Pfeiffer, her lawyer, when informed that a date had been set for the hearing. declared he was “glad the matter is to be placed before the grand jury at “It might be necessary later to impose greater taxation,” he asserted, “but just now the country would not understand such a course until all possible had been done to make Germany pay and until at least France had her hands on adequats guarantees.” REPLY ON IMPRISONMENT OF MISS MARY MACSWINEY 13 By the A. P)—Presi- Cosgrave, through the Free State icity department, today issued a tatement replying to cablegrams trom members of the American Association Dublin, Nov. & | American consul at Hankow has rEDDfle\i g_last evening w l\Iulc.x‘w froffi a tour of the Dublin hcse pitals where soldiers of the army of Ire- land, wounded and mutilated by - the guns and mines of the jrregulars are being tended, I found massages from the American Association for Recogni- fon of the Irish Republic awaiting me. My mind went back to the scenes of fering I had just witnessed, bravely and uncomplainingly borne for Ireland, and my thoughts also turned toward the] mounds in Glasnevin where lie many more of our soldiers with President Griffith and Michael Collin “Those deaths and sufferings, and the daily toll of further deaths and suffer- ings, are direct consequences of the do- ings of peopie 'who formerly were, and tfll claim to be, political leaders. “We, on whom the Irish people have Placed the responsibility of asserting their authority, will not allow the dis- charge of that duty to the nation to be hampered by consideration of any indls| viduals, bs.they who they maw” TO MAINTAIN TONNAGE IN THE INTERCOASTAL TRADE Washington, Nov. 13. — Government tonnage in the intercoastal trade will not be withdrawn, the shipping board an- nounced today, notwithstanding the con- tention of privately owned companies that the service was over-tonnaged and that the government ships should be with-- com- panies. Commissioner Chamberlain, designated by the shipping board to consider the request of the ship-owners for removal series of hearings and sent out question- naires. Facp; adduced from these were con- tained in_a report accepted by ‘the board which denied the contention of the ship- owners. Four vessels on allocation by the board's Emergency fleet Fleet Corporation to ‘the Atlantic and Northwestern Steam-- ship company will thus eration. PROTEST TO CHINA AGAINST EIDNAPPING OF MISSIONARY Peidng, Nov. 13 (By the A. P).—| Jacob Gould Schurman, American minis- ter to China, today protested In perion to General Wu Pei-Fu, military power behind thé Peking government, against the recent kidnapping of an American Fiery, ltchy Eczema Healed Right Up By Applying Sulphur eid jten 2 73 i, Aoy L 5; ifl‘s Oil has always been recognized as the ideal household fuel. It saves you money because you burn only what you need of it—when you need it—and there is no waste. And Socony Kerosene is the best you can buy. In the latest New keeping Institute, after exhaustive tests, has placed its seal of full en- dorsement on it Your housefurnishing or hardvare dealer will gladly demonstrate the? New Perfection and Superfex Burner for you. STANDARD OIL CO. OF NEW YORK 26 Broadway NEW PERFECT]ON Oi] Range with SUPERFEX Burmers P e | missionary by Homan bandits. Th:]‘., Mr. Schurman that the bandits are American held, together With one Swe-|not secking ransoms for their prisoners, dish, two French and two British sub-|but € holding them W jects, is Anton Mander Lunden of New- | recognition of the military ranks of thelr man Grove, Nebraska. iefs and pay as regular soldicrs of the General Wu promised to assist in ob- se army. taining the Telease of the captives. The| Lunden has been permitted municate with his fami to com- , living at they demand | chow, and has s2id he !s unharmed. 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