Norwich Bulletin Newspaper, November 17, 1922, Page 12

12 FINANCIAL AMD COMMERCIA} —_— MABREET WAS STRONG. New York, Nov. 16.—The stock market nade further recovery from its recent acute depression in the early part of today’'s active and varied-dealings, bu fell back sharply later. Dealings werc largely professional and suggested more general readjustment of trarders contracts. BSentiment in speculative circles seem ed to be sustained at the outset by yesterday's many declarations of diviy dend disbursements, maintenance of the high rate of production in basic indus- trials and cumulative evidence of increas- ed actlyity in many lines of business. Money conditions also favored the market's constructive side. Call loans opened at § per cent., but eased to 4 1-2 per cent. before noon and 4 per cent. in the final hour as a result of the flood of offerings from local and interior fin- ancial institutions. Rates for time ac- commodations were unchanged, but funds, especially for the shorter dates, ‘were In good supply. Leaders of the steels, equipment and motor divisions, as featured by U. S. Steel, Baldwin Locomotive and ' Stude- baker, made their usual substantial con- tributions to the session at forenoon gains of one to two points, but. these were more than cancelled later. Rails did not figure to an important extent In the day's business, although authorative advices from the principal centers of transportation reported a con- tinuance of heavy tonnage movements to Tidewater and other points of distri- bution. Some of the junior rails which are not meeting their fixed charges were under occasional selling pressure. Movements of olls were confusing, General Asphalt, for example being the objective of another severe drive on fa- wmillar rumors of adverse financial con- ditions. Other foreign olls were irregu- lar or uncertain, with many of the do- mestic group. Shippings represented the market's weakest side, International Mercantile Marine preferred soon reacting from its frm opening and suffering an extreme @ecline of almost five points to 44 . Of- Crings of this issue, which ultimately Beth Steel .. Beth Steel cu pr .. 9 3rook Rap Tr . 3rook Rap Tr ctf . 3utte Cop & Z . lutte & Sup .. ‘anadian Pacific ‘ent Leather .. “handler Motor ‘hes & Ohlo ..... Chi Gt. West . Chi Gt West ‘pr Chi M & St P .. Chi M & St P pr . Chi & N'west . IChiRI & P {Chile Copper . Chino Copper Cosden . | Crucible_Steel !Del & Hudson Dome Mines. Erle Erie 1 pr . Erie 2 pr Fisher Body Fish Bdy (0) pr | Gen Bleotric | Gen {Gen \Gen | Gen Great North Ore !Hupp Motor Car | Illinois Central Inspiration Cop Inter Con ... Int Harvester Int Mer Mar . Int Mer Mar pr Int Paper .. Int Paper pr Kennecott . Lehigh Valley Maxwell Mot B . Mexican Petrol Miami Copper MOK&T w i Mo K & T w i pr Missouri Pacific Missouri Pac pr . Nat Enam & St . Nat En & St pr . N Y Air Bra wffected related shares, were attended by 2 sumors thut thé Washington administra- sion might feel constrained to modify or perhaps abandon its ship subsidy pro- gramme. ; Tone of the market at the close’ was keavy, verging upon weakness. Further heavy liquidation of the independent steels, Asphalt, Marine preferred and In- Qustrial Alcohol, finally extended to U. S. Bteel, American Can, Cord Products and numberless specialties. Net losses rang- ed from one to six points among popular stocks. Sales amounted to 1,100,000 shares. Prenounced strength was shown by Buropean_currencies, sterling rising over one oent, presumably on the outcome of the British election. The Paris rate was at its hights level in over a fortnight, Itallan and Belgian remittances rose ap- preciably and German marks were fair- 1y fitm, despite latest political and econ- smic developments in that country. STOCKS. The following is a summary of the transactions on the New York Stock Ex- Low. Close, 1Y, 1Y 1% ¥ 30 3T% a6 69% 179% 19% 42 1% 67% Allled Chemical Chalmers Ag Chem Beet Sugar Bosch Mag Can .. Car & Fdy Cotton _ OIl Cotton " Ol Hide & L . Hide & L pi Tel & Tel . Tobacco ‘Woolen .. Allls Am Am Am Am Am Am Am Am Am Am Am Am MRS. LEMAY HAS GAINED THIRTY POUNDS. “You will *excuse mie,” said Lucian Lemay, of 33 Elm St., Manchester, N. H., ds he introduced himself to the speclal ' ‘Tanlac representative the other day, “but if I am not mistaken you are the Tanlac gentleman who - called on my wife nearly a year ago.” Atter an affirmative answer and a hearty hand-shaking, Mr. Lemay told the following story of the amazing re- sults Mrs. Lemay has obtained from the use of Tanlac: “At the time of your visit my wife bad made a wonderful gain by taking Tanlac, but nothing as compared to ‘the last few months, for-up to this time she 'has gained thirty pounds. You will remember she had four or five operations during her illness and after the last one she weighed only ninety-nine pounds. -Her nerves were in.such a conditionr she could hardly sleep and her stomach so weak she could ‘scarcely retain any kind of food. Az “In fact, when she began taking ¢ her condition was such that we had grave doubts about her ever being any better. But I want to tell you that Tanlac and the Tanlac Vege- table Pllls have worked so finc that we will nev:ibe without them. My wite now eat®and sleeps like a child and is perfectly normal as to nerves and strength. In a few words, she is & well woman and I considér Tanlac a priceless medicine.” Tanlac is £0!d by all good druggists, NYNH&H . Norfolk & West| . North_Pacific Penn R R .. Plerce Oil .. Ray Con .. Reoding Reading 1 pr Reoding 2 pr Rep Iron & S . Rep T & St pr . South Pacific .. South Railway South Ry pr .. Tenn Copper Tobacco Prod . Tob Prod A .. Union Pacific .. Union Pac pr . U S Rubber U S Rubber pr U S Steel .. U S Steel pr . West Un Tel . West'house EI Willys O'land . Willys O'land pr . Worth Pump . BOND MARKET, New York, Nov. 16.—Brisk trading in foreign government bonds moved the bond -market up generally with substan- tial gains noted at the close of today's market in Brazilian and continental liens. The trading in Liberties was light al- thought the various issues, with the ex- ception of the 3 1-2’s which sold off, moVed to higher ground. High class in- dustrial and railroad bonds were gener- ally firm, The outstanding feature in the foreign list was Brazil 7's which moved.§ 1-2 points to 90 compared with the low of 79 last Tuesday. The bond later reach- ed to 85 on profit-taking. Brazil 8's climbed 3 1-2, Prague 7's 2 1-2, Seine 7's 3 1-4 and Paris-Lypns-Mediterranean 6's and Czecho-Slovak 8's, 2 points each. Rio /Janeiro 8's of 1947 gained 3 points and Copenhagen 5 1-2's and Frameri- con 7 1-2's 2 points each. Gains of a point were also recorded for Soissons 6’s, Chinese 5,5, Queensland 7's, Lyons 6’s, Swiss 8's, Bordeaux 6's, Marseilles §'s, TFrench 7 1-2's, and Belgian 6's, 7 1-2's, and 8's. 3 In the industrial list Chile Copper 7's gained 2 points. Erie convertible 4's:Se- ries D, moved up 2 3-4 points. Gains of 1 'to 1 1-2 points were made by New York, Westchester and Boston 4 1-2's, Chesapeake and Ohio convertible 4 1-2's, Southern 4’s, Seaboard consolidated 6’s, and Erle prior liens 4's, and convertiblé 4's, Serles ‘A. Among the public utili- ties Commonwealth Power 6's, American Telephone 6's, Hudson and Manhattan | adjustment b's gained 1 to 1 1-2 points. The 3 1-2s were the only- weak .spot in the Liberties, losing 6 points. Gains noted for tie others were-2nd 4's, ‘14 points, 1st 4's, 16; 2nd 4 1-4's, 2; 3rd 4 1-4's, 16; 4th 4 1-¥'s,"6;-and the new 4/1-4's 4 points. T Total sales (par value) amounted to $15,003,000. Liberty Bonds. High. Low. U S Lib 38%s ..100.30 . 100.16 ;U S Lib 1st 4%s 98.54 98.30 U S Lib 2d 4%s 98.08 97.96 .U S Lib 3d 4%s 98,60 98.42 (U S Lib 4th 4%s 98.40 98.24 | Victory 4%s ...100.34 100.26 1" do called 100.04 100.02 100.06 {Treas 4%s .. 99.60 99.54 . 99.84 Quoted in dollars and cents per $100 ‘bond. % Close 100.16 98.50 98.60 98.54 98.36 100.30 K Forelgn Exchangé. With -the exception ‘cf sterling, al quotations are in cemts per umt of for sign curremcy: | Sterling— Demand Cables Francs Guilders IMnrks . Lire .. .. Swiss franc Yesterday. val mees S44TH * Way Loans For You ‘Winter and the approaching holidays bring financial problems to those of us who have no bank ac- counts or securities, There is fuel to buy, the children need warm clothing, family and friends should be remembgred with ‘gifts. * Meet these obligations the Bene- ficial Way—Consolidate your debts and pay them off in six to fifteen installments. Confidential Loans up to CALL, WRITE, OR PHONE 1-6-6-4. “OneFul-0-PepDryMash Self-feeder for Every Ten Hens.” Repeat over several times until you are sure you won’t forget it—then P see to it that you give plenty Just because a‘few of your hens lay hens have a good chance to lay. If tl O-Pep Dry Mash they can’t eat as much and therefore won’t lay as well as if they have all the Ful-O-Pep Dry Mash they need all the time. Feed all your hens all they want. By providing plenty of Ful-O-Pep Dry Mash self-feeders, the more timid hens will get Mash as well asthe more aggressive ones. The Ful-O-Pep Way calls for Ful-O-Pep Dry Mash before these laying hens all the time—that’s the plan that gets results. per egg production. Fui-O-Pep feeds that hens laying all- the time and keep birds in good condition are the feeds that pay. don’t do that are expensive at any price — you can't afford to feed such feeds even if you get them for nothing. Ful-O-Pep feeds are the best investment the poul- tryman can make, because they pay big dividends, Ask any Ful-O-Pep user— ask any of the hundreds of the country’s foremost poultry raisers — they will tell you that Ful-O-Pep feeds are unsi Manufactared by The Quaker Qats (mpany Address Chicago, v. S. A. JEWETT CITY GRAIN STORE, JEW ETT CITY, CONN. — OMASH Ifyou're not feeding the Ful-O-Pep Way,begin now. Don’t gamble with the hens—play safe. Why take chances on jnferior feeds? ‘Why not use feeds that are tested and watchud all through the manu- facturing process and are known to be the best producing feeds on the market? High quality feeds mean low mortality as well as high NORWICH BULLETIN, FRIDAY, NOV. 17, 1922 that sentence of hopper space to your hens. well does not mean that all the he birds have to fight to get Ful- PE keep your Feeds that Pesetas Belgian Kronen Sweden .. Denmark Norway .. Greece - Argentina. .. Brazil .8L75 .11.63 COTTON. New York, Nov. 16.—Spot cotton quiet ; middling 25.50. MONEY. Nov. 16.—Call money egsier;; high 5; low 4; ruling rate 5; closing bid 4; offered at 4 1-2; last loan 4; call loans against acceptances 4. METAL MARKET, New York, Nov. 16.—Copper steady, electrolytic spot and futures 13 7-8@ 14; tin easy, spot and nearby 36.50@ 86.32; futures 36.75; iron steady, prices unchanged ; lead steady, spot 7.00@7.25; zinc firm, East St. Louis spot and near- by delivery 7.30@7.40; antimony, spot 6.75. New York, CHICAGO GRAIN MARKET. Chicago, Nov. 16.—Although broaden- ing of general speculative interest today led to the highest prices' yet this sea- son for all deliveries of grain exdept the December delivery of wheat, heavy profit-taking -sales brought ahout & sub- sequent reaction. Wheat closed unset- tled at 5-8c net decline to 3-8c advance with December 1.19 1-4 to 1.19 3-8 and May 1.16 1-2 to 1.16 5-8. Corn finished unchanged to 1-2¢ higher; oats unchang- ed to 1-4 off and provisions varying from 2 cents lower to 15 cents gain. Selling of wheat in the last part of the session appeared to be based large- ly on gossip that after three days ad- vance some setback was to be looked for. Besides, export conditions at the east were said to be bearish. New York, Philadelphia and Baltimore facilities be- ing talked of as practicallly blocked witl no shipping directions coming in to relieve the congestion. There were indications furthermore that grain load- ! ings on western and northwesfern roads were increasing as compared to last year. | Qfterings here, however, were readily ab- sorbed. Commission houses reported the larg- est general speculative interest in many months, and it Is was to this fact chief- ly that the decided upward swing of the wheat market during the first half of the | day was ascribed. Strength in corn values had an additional stimulating ef- fect, and ‘so, too, did reports that flour | mills ‘were -picking up cash wheat and working full.capacity to get supplies east before the clost of navigation on the Great Lakes. Assertions that rural holders of corn were showing an increasced disposition to await higher ‘prices gave the corn market * impetus upward. Big demand from feeders continued from sections where the crop was short. Oats were eased a little by liberal receipts. Sharp reduction in stocks of lard have tended t6 make the provision market average higher. X Chicago Grain Market. High. Low. Close. 120% 119 1195 117% 116% 116% 109% 107% 108% 0% 113 0% 70 705 43% 431 401 PROMISE NORWICH WILL HAVE REMAREKABLE EXPOSITION The Mefchants’ and Manufacutrers’ In- dustrial’ Exposition that is to be held at the Norwich state armony, Dee, 5-6-7-8-9, will be the largest of .its kind ever held in Connecticut, according to those who are at work on the plans and arrange- ments, The manufacturers who aceady have reserved .space .assure an ,exhibl such is rarely seen in New England. The trade section is coming forward rapidly and Norwich as a shopping cen- ter. will be manifested by the many up to_date displays contemplated. Hudnreds of visitors will be drawn. to Norwich as advertising campalgn will be conducted to. show the surrounding towns the many advantages of the city. Nothing will be left undone to make this exposition a credit to the: businéss life of Norwich and the visitors will be more’ than surprised at the many inte- resting displays. Many features are planned that will make exposition week one long to be remembered. All in- quiries regarding ‘the expositioh will. be answered at the chamber of commerce. S A - Close Testimony In Lutber-Will' Case The taking of testimony in the Mrs. A amther ‘will case' was completed 1, o'clock Thursday after- don when the superior Ice 4} much as is 2 DISCUSS WHAT TOWN SHALL DO FOR HIGH SCHOOL PUPILS ‘Whether the town of Norwich will be called upon to erect a new high - school building at once or make some arrange- ment with the Norwich Free Academy to provide for its expansion to take care of the children of high school age in Nor- wich were points under discussion by the chamber of commerce directors at;shefr meeting at noon Thursday at thé Wau- regan House to which they had invited the town school board ‘and the trustees of the Academy. The purpose was to discuss the present overcrowded condi- tions at the Academy. The following report of the meeting was made by the chamber of commercs officials: “The time has arrived when the town of Norwich must either build a new hign school for itself or meet the increased eXpenses to the trustees of the Norwich Academy, if they are to increase the fa- { cilities for higher education in this com- munity. If the Academy is to expand, it will mean new bulldings, more teachers and increased cost of maintenance. This increased cost of maintenance must of necessity fall upon the town of Norwich. A ~% Should the town méke use of the facili- ties of the Academy, as at present for higher education, or on the other hand should the people of Norwich have the al- ternative of building and maintaining its {own school. It goes without saying that |the town of Norwich can buy its educa- tlon much cheaper than it can provide it. Over $600,000 in private bequests have already been made to the Academy which jdoes mnot include the bulldings. ‘The Academy can reasonably take care of about 250 pupils through these bequests, but as the number of pupils has increased to three times that many and the in- | creased cost of maintenance and expenses have assumed such large proportions, the town must bear its portion of the main- tenance cost. “The situation resolvem itself into the necessity for selecting the number of pu- i pils who can attend the Academy with its present facilities, this compelling a large number of our children to seek higher education elsewhere or receive none at tall, or a reasongble assurance given to the trustees of the Academy that the town will cooperate with them to provide the necessary buildings and equipment and teachers to take care of the ever in- creasing number of pupils. ‘The cost per capita of high school edu- cation in other cities throughout Connec- ticut ranges from $120 per year per pupil to $160 per year per pupil which does inot include the investments on the buildings. Norwich at thé present time pays $50 per year per pupll. “The Academy is governed by a board of trustees and the funds donation to the expended by the trustees.. Norwich has ibeen and is particularly fortunate in hav- ing higher education provided at cost : through these bequests. The trustees of the Academy do not want to build -ad- ditional building unless the town of Nor- wich intends to pursue its present policy. therwise it would be a waste of money to-have the Academy erect new buildings, and the town to do likewise if the town should decide to erect/and maintain a high school of Its own .The question is ‘Whether the town will vote increase appro- priations to the Academy or build a high school . which will be under the direct control of the town. Something must be dpne immediately to take care of the Increasing number of high school puplls. ‘The Issue as it stands today 18 that if the Academy is to -expand arrange- ments must be made with ¢he town and if the Academy Is not to expand them it is up to th wn school board to take| ‘|immediate steps to erect a high school building to_take care of the children of Norwich. It was brought out that the out of town pupils numbering about 150 of ‘the 700 and over enrolled at present, form & very small- number compared with ;our local pupils o that even if the out | of town pupils were-eliminated the prob- jlem still faces. Norwich to provide ade- tquate facilities for a high school edu- cation. Naturally the increased number of pupils means increased expenses and increased expenses must be met by the people of Norwich. Some definite action must be taken in the very near future to take care of this problem confronting Norwich today.” Thames River: Channel. Hearing Other matters discussed by the dire tors were reported as follow: > A report of progress was made on the Industrial and Mercantile BExposition to be held in the state, armory’ thé first week in December. Plans for this expo- sition «-are progressing favorably -and Norwich will have its first exposition pf tius kind in seventeen years. Through the efforts of the chai of fommerce a public hearing 'will ‘be held in the council chamber, Nov. 1 lyn's Point to Norwich should be fully developed. _This hearing _will be held by Maj. V. L. Peterson.of the war de- partment and {s brought to. the ‘of the people of Norwich urging their as- sistance through their . attendance as mu!tblé at this hearing. * This o 3 Academy through privats bequests are | “CHARGE IT” Now is the ideal time to ¢ ,Jfi)_, :hoose—assortments and size ranges are so splen- didly complete. Women’s and | Misses’ COATS — DRESSES SUITS — WAISTS SKIRTS All New, Exclusive Styles Men’s and Young Men’s ALL-WOOL . OVERCOATS ALL-WOOL SUITS Money-Saving Values Fcnal and other commodities wonld be ma- | terially increased. It is now up to the people of Norwich to see to it that this hearing will impress upon the war de- | partment the keen Interest of Norwich and the necessity for the fullest develop- | ment of the Thames river in order to keep 1 Norwich in the seaport class. The peo- iple of Norwich should be alive to this situation and make every effort to be {present at this hearing in order that by the number present a favorable impres- |sion will be created upon the war de- partment’ through Major Peterson. The monthly membership meeting of the echamber for memper and their friends | will-be held in Odd Fellows hall, Wed- nesday, Nov. 22nd, at 6.15 p_m. at Which time Mg. Tirrell will presént the Nor- wich Free Academy situation to L‘he pub- lie. PROPOSE 7-INCH TROUT IN STATE GAME LAWS A 7-inch limit for trout, a 10 inch lim- it for bass and a licenss for fishing were three of the most important changes ad- voted in the state game la by a con- ference in Hartford Thursday at the | state capitol, which had an attendance | of about 150 representatives of fish and game clubs-and sportsmen from all over the state. The conference held morning and aft- ernoon sessions with President Walcott of the state game and fisherles commis- slon presiding. Action taken at the con- ference was merely advisory upon what legislation It might be desirable to se- cure in the next legislature. In attendance from this city were Secretary W. W. Ives of the Norwich fish and game assoclation; Senator-elect | Hermon J. Gibbs, C. V. Pendleton, Willis | Austin, and George Dolbeare. George E. Brown and A. L. Stebbins attended from Jewett City and County Game ‘Warden R, B. Chappel and Clayton B. Smith from New London. ‘The conference went over the game laws from beginning to end advocating several important changes. These included a 7 inch Instead of a 6-inch limit on trout, a 10-inch instead of an 8-inch limit on bass and g state fishing license, the money derived from this to be used for propagation purposes. ‘The conference endorsed prohibition of the use of ferrets in any way, forbid- ding allens the use of firearms for hunt- Ing unless they are taxpayers, and,for- bidding the use of any bullet larger than a .22 long ih any rifle or -gun used in the woods. The basket limit of 20 trout need not ‘'be’ changed, in the opinion of the con- ference, nor did they advocate a slate bounty on foxes but left it ,to be paid by the towns as at present. The deer laws were discussed but no change considered advisable and the same coursé was taken on the open pond season, May-1, and the. trout season, April 1 to July 1. WOMAN IS DISCHARGED IN ENOCH ARDEN CASE Mrs. Mary Cleary Leonard of Taunton, held on.a charge of bigamy .after she married Victor Chartier, of Jewett City, a World war veteran several months ago without establishing her presumption thai her fisst husband, "Edgar Leonard -of Taunton, was in & soldlers grave In France, was freed in Bristol county su- perior court, Taunton, Wednesday, when WEEKLY PAYMENTS THING NEW? If so, come right in and pick it out and . BIRTHDAY FLOWERS g6, well with the birthday eake anc the 'presents and the friends and al the rest of the celebration. They adé an exquisite fragrancevto the air and soften the social intercourse. Let us supply them for the occasion. Phone us. » & ROBERT WADDINGTON 323 MAIN STREET the grand jury failed to return a against her. The case atttacted wide attention when true bill | 1922, for unlawfully conveying Srearm: for the state prison. JBawshine had jus! been discharged after serving a sentence Leonard returned from France, where ne |and made entrance 1o leave the pisto Army of Occupation, and found his wife keeping house {n Taunton as the bride of Chartier, Mary discarded the new love and Chartier’ swore out a complaint agalnst her.. Leonard furnished bail, and they have been living together happily since, they say. Mrs. Leonard insisted that she bélieved her husband had dled overseas when she fafled to hear from him. GIVEN SURPRISE PARTY FOR HER BIRTHDAY In honor of her 22nd birthday Miss Stella Stecewicz of this city was pleas- antly surprised Tuesday evening at her home by the members of the Polish Wo- men's Alliance of America. In appreci- ation of the splendid work she has done | in this organization the t five years as financial secretary, the -members of the local lodge presented Miss Stece- wicz a beautiful loving cup. She also recelved many birthday gifts,” among others a huge bouquet of chrysanthemums from a friend. Miss Louise Gazesiak. The evening was enjoyed, réfreshments being served and plano - selections rend- ered by Henry Stecewiczy The party was attended by the Misses Louise Gazesiak, Anna Hoffman, Stella Behowiecka, Ida and Nellie Stecewicz, Mrs. H. Laskowska, Mrs. J. Bania, Mrs. F. Owsidk, Mrs. P. Stranc, Mrs. Z Osik, Mrs. M. Kocoj, Mrs. H Lennl Mrs. J. and N. Stecewicz. - SIXTY PETITIONS FOR PARDON FROM WETHERSFIELD Sixty-four convicts in the Connecticut state prison at Wethersfield have peti- tioned the board of pardons for release. The board will meet Monday, December 11, to hear the pelitioners or their rep- resentatives. Among the sixty-four is Paul Danshire, sentenced September 20, s titioning, |had served a second enlistment in the |for “Lefty” McBonmel# His sentence for Fhe unlawful entrance is two to four years. - He asked. to.have it commuted tc one :o two - years: * ey, ners from this section who ask for release are Jolin ¥urasz, Joseph Tos- cano, Diratto ‘Cabandy, 'Ston ~A. 6. Salsbury, of Norwich,- Mortimer Wells, of Norwich, and Williem J. Locke. Names of “old timers” heretofore pe- some of them several times, do not appear in the list. The woman has yet tobé born who would mistake a plush wrap for s sealskin on-the back of a <helghbor. PED PEPPER HEAT The heat of red peppers takes the “ouch” from a sore, Jame back. It car not hurt you, and it certainly ends‘the’ torture at once. - ‘When you are suffering so you cin hardly get around, just try Red Pep- have the quick- Just as soon as you apply Red per Rub you .will feel’the heat. ' In three minutes it warms . sore spot through and through. -?d soreness-are gone. g Ask any druggist for 2 jar of Rowles mm?l;epw l:::.‘ Be mre_‘t:;m'&hl e, With the name Rowles on each e mEf