Hartford Courant from Hartford, Connecticut on July 9, 1930 · 22
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Hartford Courant from Hartford, Connecticut · 22

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Wednesday, July 9, 1930
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22 THE HARTFORD DAILY COURANT; WEDNESDAY, JULY 9, 1930. Travelers Insurance And Hartford Fire Strengthen Aetna Fire Firm and National and Phoenix Slightly Lower Industrial Stocks More Active and Prices Continue to Show Improvement (Furnished by Putnam & Co.) The local market has continued dull, with auiet trading for the first part of the week. At the board meeting Tuesday morning there were few changes in the bank stocks. Nev Britain Trust was offered at 180 without a bid, down 20 points from last week, while West Hartford Trust was offered at 300 without a b:d, which is off 50 points from last week. There were no changes in the other banks or any sales. Aetna Fire closed at 67 bid, 59 asked. Automobile Insurance continued at 35 bid, 37 asked, with few sales. Hartford Fire was quite active. It was quoted 68 bid, 70 asked at the board meeting, sold off one point during the dav. and gained it back Just before the close. This stock has been the most active of all the local insurance stocks for the past two or three davs. National Fire at 68 bid, 68 asked was off 2 from Saturday's closing. Phoenix Insurance was also down two from Saturday's final and closed unchanged for the day at 76 bid, 79 asked. The bid on Aetna Casualty & Surety was off 3, while the offering was unchanged. Aetna Life was quoted 78 bid, 30 asked. It sagged off in sympathy with New York during the dav one point, which it recovered toward the close. Although there were very few sales of Connecticut General Life, the stock was off points. Hartford Steam Boiler continues inactive. Travelers moved ahead slightly against the general list. It was quoted 1225 bid, 1250 asked at the board meeting, and at the closing the bid was up 5, while the offering was unhcanged. Connecticut Electric Service and .Southern New England Telephone both show one point losses. The former closed at 90 bid, 94 asked and the latter 167 bid, 171 asked. South ern New England Telephone rights were the same. Connecticut Power was off one-half from Saturday's final, while Hartford Electric Light remained unchanged. Hartiora uas common is still quoted 72 bid, with no stock offered, and the preferred is 45 bid. The industrials are better. American Hardware was quoted 57 bid. 60 asked. More would be paid for this stock and there is very little offered. The Arrow-Hart & Hegeman Electric issues were the same. Btgelow-San-ford Carpet common was off one In Boston to a final of 54 bid. 57 asked. Bristol Brass continues at 15 bid, 20 asked. Most sales of this stock have taken olacs near 18. The preferred was offered at 100. Colt's Arms was quoted 23 bid, 25 asked, whicn is up one from Saturday's final quotation. The market on Colt's is active, with most sales taking place between 24 and 24 1-2. Eagle Lock also gained one point to a final of 34 bid, 38 asked. Fafnir Bearing, offered at 75, was down 5. The Gray Telephone Pay Station market has improved considerably. The bid was up 6 1-2 points and the offering down 2. Landers, Frary & Clark was 65 bid, 68 asked, and more would be paid for this stock. Manning, Bowman & Co. Class A held its gain of last week, being quoted 15 bid, 17 asked. The Class B, however, was off 2 points. The market for New Britain Machine common has been closed up and the stock is more active, being quoted 19 bid, 23 asked. North & Judd had a one point gain to a final of 19 bid, 21 asked. Sales of this stock were between 20 and 20 1-2. The offering on Torrington has been raised one noint. Stanley Works at 38 bid, 40 asked. Is the same. The bid on this, as well as the other industrials, is the best side of the market. Whit- lock Coil Pipe also gained one point. Below are the quotations or. tne Hartford Stock Exchange: Shares Out. RAILROADS Par Hartford & Conn. Western Ft. R. Guar., $2 F28 A31 100 BANKS AND TRUST COMPANIES Bankers Trust' Co ......... 100 Capitol Nat. Bank & Tr. Co., $6, QJ20 100 City Bank & Trust Co., $5, QJ 25 Com. Trust Co. of New Britain, $7, QJ ....100 Connecticut River Banking Co., $3 J&J ... 30 First National Bank, 10, QJ 100 Hartford Nat. Bank & Tr. Co., $140, QJ .... 10 Hartford Conn. Trust Co., $4. QJ 25 Hartford Morris Plan, $8, QJ ..100 Merchants Bank & Trust. Co., $4. QJ .....100 Mutual Bank & Trust Co., $2, J&J 100 New Britain Trust Co., $8, QJ ,...100 Park Street Trust Co., $12, QJ .....100 Phoenix State Bank & Trust Co., $12, QJ 100 Riverside Trust Co.. $lf, QJ 100 West Hartford Trust Co., $6, QJ 100 West Hartford Trust Co. Rights, w. L FINANCE COMPANIES Hartford Aetna Realty Ce., $1, D ..........No Land, Mortgage & Title Co., $5, QJ ........ 50 Underwriters Finance Co., Inc.. $2.50. QJ , . 25 Underwriters Finan. Co., Inc., pfd., $7, QJ ..100 FIRE INSURANCE COMPANIES Aetna (Fire) Insurance Co., $2, QJ ........ 10 Automobile Insurance Co., $1, QJ 10 Hartford Fire Ins., $2, QJ 10 National Fire Insurance Co., $2, J .......... 10 xPhoenix Insurance Co., $2, QJ .10 Rossia Insurance Co., $2.20, QJ 10 LIFE, INDEMNITY AND OTHER INSURANCE COMPANIES Aetna Casualty & Surety Co., $1.60, QJ .... 10 Aetna Life Insurance Co., $1.20, QJ 10 Conn. General Life Ins. Co., $120, QJ .... 10 Htfd. Stm. Boiler Insp. Ins! Co., $1.60, QJ 10 Lincoln Nat. Life Ins. Co., S2, QF 10 Travelers Insurance Co., $16. QJ 100 PUBLIC UTILITIES xConn. Electric Service Co., $3, QJ ........No Connecticut Power Co., $2.50, QM 25 Greenwich Water & Gas Co., pfd., $6, QJ ...100 Hartford Gas Company, $2, QM30 25 Hartford Gas Company, pfd., $2, QM30 .... 25 Hartford Electric Light Co., $2.75, QF 25 Holyoke Water Power Co.. $12, QJ 100 S. N. E. Telephone Co., $8, QJ15 100 S. N. E. Telephone Rights, w. i. MANUFACTURING COMPANIES Acme Wire Co., $2, QM31 ..............Y... 25 American Hardware Co., $4, QJ .......... 25 American Hosiery Co., $2, QM 25 American Silver Co., $2, QJ , 25 American Thread Co., pfd., $0.25. J&J 5 Arrow-Hart & Hegeman Elec. Co., $3, QJ .. 10 Ar-Hart & Hegeman EL Co., pfd., $6.50, QJ 100 Automatic Refrigerating Co .100 Ball (The Edward) Co.. $10. QJ20 ,.100 Beaton & Cadwell Mfg. Co.. $3, Monthly . . 25 Bigelow-Sanford Carpet Co., com., $6, QF No xBigelow-Sanford Carpet Co., pfd., $6, QF ..100 Bristol Brass Co., com 25 Bristol Brass Corp., pfd., $7. QJ 100 Billings & Spencer Co 25 Case, Lockwood & Brainard Co, $10, J&J 100 Collins Company, $8, QJ15 100 xColt's Patent Fire Arms Mfg. Co., $2, QJ . . 25 Eagle Lock Company, $3, QJ 25 Fafnir Bearing Co., $2, QJ 25 Fuller Brush Co.. com.. Class "A" $0.80 QF 5 Gray Telephone Pay Station, $2, QJ 10 Hart & Cooley Co., $8, QJ 25 Hartman Tobacco Co. io Hartman Tobacco, Co., pfd loo International Silver Co., com., $6, QM ....100 International SUver Co., pfd., $7, QJ ....100 Jacobs Manufacturing Co., various 25 Landers, Frary & Clark, $3, QM31 25 Manning, Bowman & Co., Class "A." $1.50, QJ No Manning, Bowman & Co., Class "B," 50c, QJ No National Marine Lamp Co 25 New Britain Machine Co., $1.50, QM31 No New Britain Machine Co., $7, QJ 100 New Departure Mfg. Co.. pfd, $7. QJ 100 Niles-Bement-Pond, $2, QJ No North & Judd Mfg. Co., $2, QJ 25 Peck, Stow & Wilcox 25 Plimpton Manufacturing Co., $6, QM 100 Russell Manufacturing Co., $6, QJ15 100 Seth Thomas Clock Co., com., $1.50-. QJ15 25 Seth Thomas Clock Co., pfd., $175, QF15 .. 25 Smyth Manufacturing Co., $6, QJ 25 Standard Screw Co., pfd., $6, J&J loo Standard Screw Co., pfd., $6. J&J 100 Stanley Securities Co., $28, QF15 100 Stanley Works, com., $2.50. QJ 25 Taylor & Fenn Co., $8, QF loo Terry Steam Turbine Co., various, QM15 ....100 Torrington Company, $3, QJ ..No Union Manufacturing Co., $1.50, QM31 25 U. S. Envelope Co., com., $8, M&S 100 ' U. S. Envelope Co., pfd., $7, M&S 100 Veeder-Root, Inc., $2.50, QJ15 No Whitlock Coil Pipe Co., $3, QJ 25 Wiley-Bickford-Sweet Co.. pfa loo cWinsted Hosiery Co.. $10, F&A !l00 Closing Bid Asked 29.670 20 2.500 325 6,000 870 . 40,000 320 5.000 135 5.000 425 - 11,500 220 240 400,000 45 120,000 128 138 2.000 150 2.000 165 1,472 220 10,000 180 1,500 900 16.000 500 4.000 600 150,000 300 30 35 20,000 20 10,000 40 16,000 45 5.000 95 750,000 56 .i , 58 i 500,000 35 37 1.200.000 68 70 500.000 66 68 600.000 76 79 300,000 28 31 COMPANIES 300.000 122 130 1.500.000 78 80 300.000 125 130 300.000 60 62 250,000 100 106 200,000 1225 1250 1,122,571 shs. 91 95 659,523 shs. 77 79 27,511 90 95 150.000 72 30,000 45 840.000 . 79 81 24,000 550 350,000 167 171 1.375,000 40 12.400,000 57 60 . 300,000 30 400.000 25 4.890,475 4 200.000 34 36 29,783 101 105 10.000 8 3.500 200 5,891 40 - 314,384 shs. 54 57 2,724 300 100 60,000 15 20 5873 100 186,250 shs. 3 5 4.000 525 15,000 100 200.000 23 25 80,000 34 38 120,000 75 960,000 18 150.000 71 73 40,000 140 150,000 15 14,300 60 91,198 70 80 105 110 28.000 50 420.000 65 68 64,000 ' 15 17 64.000 8 11 20,000 1 3 77,285 19 23 8 075 95 5,000 105 167,500 shs. 26 28 100,000 19 21 80.000 7 10 3,000 110 200,000 45 55 32,000 32 7,756 25 24.000 80 8,528 100 105 8,528 100 7,441 450 520.000 38 40 3.750 115 4,000 900 560.000 54 57 40.000 21 26.500 225 40 000 112 75.000 34 36 10.000 . 15 4.430 35 6.000 155 -O o- Bankruptcy John Recar, of New Britain, was appointed trustee by Referee Saul Berman at the first meeting of creditors of Sofia Danielczuk, New Britain merchant, held Tuesday at the referee's office. The woman listed her assets as $2250 and her liabilities as $11.19005. The account of Trustee Joseph Miller was accepted at the final meeting of creditors of Max Hammer, Hartford storekeeper. Matthew Pan-ciak was appointed trustee at the first meeting of creditors of the Hy- land Market, of New Britain. The assets of the market were given as $1641.19 and the liabilities as $3933.54. At the first meeting of creditors of Clarence A. Arnold, Samuel Steinberg was named trustee by the referee. Arnold's assets were given as $3450 and his liabilities as $6970.44. He Is a truckman. . , Four Bank Robbers Routed. Campton, Ky, July 8. (AP.) Ruch Evans, assistant cashier of the Farmers and Traders Bank here, routed four robbers today by opening fire as they attempted to force him into the vault. The men fled carrying one wounded man with them and without having obtained any money. Corporation Reports, Latest Developments , Net earnings of Brlggs & Stratton Corporation for the first six months are expected to s- slightly in excess of $2 a share on 300,000 shares of common stock, it is stated by Stephen F. Brlggs, president This is equivalent to the full annual dividend requirement on the shares. Sales for June exceeded those for any preceding month of 1930, according to Mr, Briggs, and advance orders for July are in satisfactory volume. ' California Water Service Co. California Water Service Company, a subsidiary of Federal Water Service Corporation, reports gross revenues of $2,179,48 for the year ended May 31. 19JU, as compared on an equivalent property basis with $2,092,701 for the preceding 12 months. Operation ex penses, maintenance and taxes, other than Federal income tax, totaled $1, 064.557, as against $1,058,712. Gross income amounted to $1,114,930, which compares with $1,033,989 for the year enaea May 31, General Foods Corp. Experimental shipments tD Europe of Birdseye quick frozen foods have been made by Frosted Foods, Inc. and have met with success according to an article by Co:by M. Chester, Jr., president of General Foods Corpora tion, in the current issue of Food Securities Review, Chandler & Com pany's semi-monthly publication Mr. Chester expresses the belief that quick freezing will help solve the problem of shipping perishable foods from one country to another and cites a number of inquiries his company has received from represen tatives of perishable food industries tnrougnout Europe, south America and Australia. He says that Frosted Foods, Inc., is about to extend retail sales of quick frozen foods through out New England. He considers the new process as significant a devei opment in the food industry as the invention and adoption of the tin can. Schiff Company. The Schiff Company reports gross sales of $876,566 for June against $748,169 for June, 1929. an Increase of $128,397 or 17.1 per cent. For the six months ended June, sales totaled $4,695,439 against $3,770,675 for the same period last year, an increase of 1924,764 or 24.5 per cent. Bickford's Inc. Bickford's, Inc., for June reports gross sales of $463,951 against $416.-265 for June, 1929, an increase of $47,-686 or 11.4 per cent. For the six months ended June sales totaled $2,-867,880 against $2 583.346 for the same period last year, an increase of $284,-534 or 11.0 per cent. Edison Brothers Stores. Edison Brothers Stores report gross sales of $379,304 for June against $325,695 for June 1929, an increase of $53,609 or 16.4 per cent. For the siv months ended June sales totalled $2,266,941 aga'nst $1,751,563 for the same period last year, an increase of $515,378 or 29.4 per cent. F. & W. Grand-Silver Stores. F. & W. Grand-Silver Stores for June report gross sales of $2,565,268 against sn.501.576 for the same month last year, an increase of $63,692 or 2.5 per cent. For the six months ended June sales totalled $13,665,838 against $12,314,900 for the same pe riod last year, an increase of $1,350,- J7 or $ a.97 per cent. Kline Brothers. Kline Brothers Co. for June reports gross sales of $382,687 against $450,409 for June 1929, a decrease of $67.- 722 or 15.0 tier cent. For the six months ended June sales totalled $2.- 039,188 against $1,993,289 for the same period last year, a increase of $45,-899 of 2.3 per cent. M. II. Fishman Co. M. H. Fishman Co., for June 1930 reports gross sales of $189,904 against $178,758 for June 1929, an increase of $11,146 or 6.2 per cent. For the six months ended June 1930, sales totalled $825,164 against $651,471 for the same period last year, an increase of $173,603 or 26.6 per cent. Utilities Hydro & Rails. Utilities Hydro & Rails Shares Corporation net gain from interest, dividends and realized profits from No. vember 4, 1929 to June 19, 1930, after Federal taxes and expenses, is 54,-435. Surplus gain June 19, 1930 $37.-635 to nay July 1 dividend of $25,443. Briggs Se Stratton Corp. Net earnings of Briggs & Stratton Corporation for the first six months are expected to be slightly in excess of $2 a share on 300.000 shares of common stock, it is stated bv Stephen F. Briggs, president. This is equivalent to the full annual dividend requirement on the shares. Sales for June exceeded those for any preceding month of 1930, according to Mr. Briggs, and advance orders for July are in satisfactory volume. Ocean Glider Plunges Into Waves, Two Pilots Rescued by Lifeboat New York, July 8. (AP.) A wire less message from Captain Stuparich of the liner "Saturnia" today reported that the glider "Cliabourne Foster" stayed in the air for eight hours Monday, believed to be thei longest ocean flight ever made in a towed glider. At tne end oi eignt hours a fauitv shock cord connecting the liner and the glider caused the little flying boat to plunge into the waves, from which it and its two occupants were saved with the help of a lifeboat. The glider, named for the Broad way actress who is sponsoring the venture, is being taken to Gibraltar for an attempted East-West flight across tne ocean Denina tne "Saturnia" or a sister ship. On the east ward voyage practice flights are being maae oy tne yoinnu owners, Hugh Keavney and Robert Lewis, to fa miliarize themselves with ocean fly ing. Hartford Stocks ..By A. E. Magnell, Financial Editor Bigelow-Sanford Carpet Company is busy In several of Its departments as a result of which there is unusual activity at the Clinton, Mass., plant Ordinarily during the am two weeKs or juiy operations are wholly sus pended to permit employees to take their vacations and to permit shop re pairs and improvements. Because of demands for production In certain jines 200 employees at the company's plant at Clinton, - Mass., have been kept at work. Officials declined to specify the partial departure from the 50 years o'-d practice of closing the plant other than to say it was business requiring prompt and immediate delivery. Early reports were to the effect that 200 looms were being operated and because of production at the rate of 10,000 yards daily it was thought that a most phenomenal situation existed. Stock of the company has recently been fairly active and the buying of stcck was described as of excellent character. Bank of United States reports earnings applied to surplus since January 1 this year have amounted to $789,229 and surplus of $17,024,819 as of June 30 compared with $15,274,470 a year ago. Deposits June 30 amounted to $211,800 366 and compared with $229,257,521 a year ago. Resources of $261 741,770 compared with $291,925,577 in June last year. Bank of New York & Trust Company reported deposits of $113,859,829 as of June 30, compared with $80,194,141 a year ago and resources Increased to $146,450,214 from $116,840,437. Earnings applied to surplus since January 1 amounted to $400,694. Surplus June 30 was $14,698 751 and compared with $13,828,911 June 30, 1929. Greenwich Water & Gas had gross revenue of $1,629,970 for the 12 months period ended April 30. After deductions for expenses, maintenance and taxes, excepting Federal taxes, $830,135 remained. Prior charges of sub sidiaries amounted to $157,260, leaving a balance of $672,874, which was equivalent to 2.79 times annual interest charges on the funded debt of the company. Greenwich Water & Gas is a subsidiary of Community Water Service Company. Massachusetts Investment Trust has declared a quarterly dividend of 44 rents a share and a stock dividend of 1-100 share, payable July 21, to stockholders of record July 8. North American Company operations for the first half of 1930 regarded as "eminently satisfactory in view of the fact that during the first six months of 1929 business activity reached an unprecedented level." President Dame says: "Electric output of subsidiaries for 12 months ended June 30, 1930, In creased approximately 6 3-4 per cent over 12 months ended June 30, 1929, Increase for second quarter over second quarter of 1929 was 5 per cent against increase of 2 1-4 for first quarter over first quarter of 1929. "On June 12, 1930, the California properties became part of the system of Pacific Gas & Electric Co., Accordingly their electric output from that date to June 30, 1930, and for corresponding period of 1929 has not been In eluded in these figures. Harvard Economics Society entertains a more favorable altitude towards the market and says: "It seems clear that Important investment buying has been taking place at recent levels, but it may be premature to conclude that a period of stabili- zation in stock prices has been reached. It may be pointed out, however, that great ease continues in the money market and that manuf actunng activity, when due allowance is made for seasonal changes, has held its own since early spring. "Doubtless political uncertainty contributed to the June decline in stocks, but the chief influences responsible were the weakness in commodity prices and the failure of business to show substantial improvement in the past few months. These latter conditions may have had their maximum effect, how ever, and we do not believe that they will persist much longer." Watson S. Woodruff, president of West Haven Bank & Trust Company, is a patient at St. Raphael's Hospital, New Haven. , Willard B. Rogers, John F. Sullivan and William J. Shea have been elected directors of tne Home Baruc & Trust company oi soutn Mancnester. Capitol National Bank & Trust Company has declared the regular quar terly dividend of $1.50 a share payable July 21 to stockholders of record July 2. Mutual Bank & Trust Company directors have declared 'the usual quar terly dividend of $1 a share, payable July 10, stock of record June 20. Public National Bank & Trust Company reported deposits of $189,981,676 as of June 30, compared with $128,308,378 a year ago. Resources of $250,- 651,924 compared with $170,361,844 as of June 1929. Surplus increased to $16 -510,173 from $15.421815 last-year. Earnings applied to surplus since January 1 amounted to $462,076. Par value reduction advantages have struck the management of English insurance companies. "Directors consider that the present nigh marset value of shares tends to restrict active dealing in them, and that a sub division will lead to a freer market, and, probably, will thus create a more widespread in the office among the investing members of the public" is the statement of General Manager and Secretary William W. Otter-Barry of the Sun Insurance Office, Ltd., in a letter to stockholders advising them of a special meeting to be held July 15. The purpose of the meeting is to act on recommendations to change the number of shares from 240.000 shares of 10 pound par value to 2,400,000 shares of 1 pound par value. Par value or unissued shares will also be changed. "The proposal is welcomed by many of the large shareholders" says the general manager. Underwood Elliott Fisher company has received an order for 1504 stand ard typewriters for school use and it is said to be the largest order for school type writers ever placed. Vice-President M. S. Eylar says: "More than half of the typewriters in use for Instruction purposes are are our product. 'Sales of machines for this purpose have increased io per cent a year, on the average, for the past forty years. Despite this growth, there has never been more than a momentary oversupply of competent stenographers. There is today a particular shortage of male stenographers, although their salaries are materially higher than those of women of equal ability. Probably not more than 5 per cent of those studying stenography and typewriting today are men." Central Fire Insurance stockholders may now deposit their temporary certificates for regular certificates of Insurance Company of North America on the basis of the exchange, and also receive 50 cents a share in casn lor each share of Central Fire. For each.two shares of Central Fire 1 1-2 shares of Insurance Company of North America will be issued. Insurance Securities Company has declared a dividend of 3 1-2 per cent, payable July 15, Stockholders of record June 30. Shenandoah Life of Roanoke, Va., has attained the goal set ten years ago and as of June 30 had $102,818,167 insurance in force. The company began business In 1916. ' ' Fire losses In Ontario for the first five months this year amounted to $4,447,836 compared with $5,534,634 for the corresponding period last year. Sevmour Gans. formerly of Hartford, is now associated with Prentice & Slepack, members of the New York Stock Exchange, at their office, No. 197 Church Street, New Haven. Find Shortage, Shut Bank, Order Cashier's Arrest Lancaster. Ohio. July 8. (AP.) The Farmers and Merchants Bank at Amanda, eight miles from here, was closed today by State bank examiners who told county authorities that a shortage of $45,000 had been? dis covered m the accounts. prosecuting Attorney k. s. Cunningham said he had been ordered dv bank examiners to arrest Clyde Barr. cashier of the bank for a quarter of a century, on charges of embezzle ment. Barr, authorities said, was in custody shortly after the bank closed out cnarges had not been filed. Mass. Woman Gets Bequeaths. New York. July 8. (AP.) Marv Elizabeth Austin, who died January 7. 1929, left a net estate of $261,607, a transfer tax appraisal filed todav showed. Patrjcia E. Woods, of Naticic, inass.. a grana niece received jewelry valued at $1575: $5000 In cash and the residuary estate amounting to $181,776. I Find New York Bride Took Poison by Error Budapest, Hungary, July 8. (AP.) Dorothy De Konkoly-Thege, 23-years-old New York bride who died in a hospital here Monday of poisoning, was the victim of a mistake in seizing the wrong medicine, police investigators have revealed. Tablets of a poison fell into her hands instead o the medicine she intended to take. Mrs. De Konkoly-Thege had spent Saturday evening in the lobby of her hotel with her husband and a party of friends and had chatted cheerfully about the following day's program. She then left the party and went upstairs to her room where she opened a small medicine chest brought with her from New York. The tablets of which she seized by mistake took effect instantly, but left her sufficient strength to tele phone to the porter and ask him hurriedly to summon her husband. Despite every effort to save her life she died early Monday. 'Constitution' Again On Seas. " Boston, July 8. (AP.) The historic frigate, "Constitution," conqueror of British warships and the Barbary pirates 125 years ago, today made her first voyage in 33 years as she was towed from the Navy yard across the harbor to dry dock to further the task of her second restoration. Prince George Flies to Show. Manchester, Eng., July 8. (AP.) Prince George, youngest som f th King, today flew from London to Manchester for the opening of the Royal Agricultural Society's show, crowning event of the year In British agricultural circles. Reveal England's Queen Is Cigarette Smoker London, July 8. (AP.) The fierce light which beats about the throne has revealed Queen Mary as a "regular cigarette smoker," according to several British newspapers. The Evening Standard says, "the news is not at all startling. Long be fore smoking had ceased to be thought freakish or fast for the average English woman, royal ladies having cos mopolitan ways smoked, as did their rrencn and Russian cousins. "Queen Alexandra smoked, so do her daughters, though naturally they would not be seen smoking on formal public occasions and it will be remembered that cigarette cases which appered among Princess Mary's wedding presents, were not sent by complete strangers." , New Providence Bridge Crossed by First Auto Providence, R. I., July 8. (AP.) The new Washington Bridge, a $3,-500,000 span between this city and East Providence, for Rhode Island and southeastern Massachusetts traffic, was crossed by auto for the first time today. The draw lifts were lowered together for the first time. Engineers reported that the alignment was practically perfect. Superintendent Andrew Rass of the contracting company drove across in his car. He predicted that the bridge would be opened to the public in about tix weeks. Leadership On Bull Side Organizing Strong Banking Interests Being Formed, Says Wall Street Gossip, to Lift Pessimistic Pall New York. July 8. (AP.) For the better part of a couple of months nast Wall Street has been bemoaning the lack of aggressive leadership on the constructive side of the market. Perhaps, after all, those to whom one might be disposed to iook lor sucn leadership realized the futility of seeking to lift the market during that period, naving Deen pretty wen aware of the trend of things that were ahead of them. Now, however. Wall Street gossip has it that a new and poweriui bull party is organizing witn the support, so the story goes, of some of the strongest banking inter est in the country. Whether or not this new development will manifest itself immediately or hold back until impending second quarter statements are out or tne way is not certain, duc the contention is that real leadership on the bull side is in the making. The real purpose of this purported new campaign is the dissipation of the heavy pall of pessimism tnat nas settled over the greater part of the country. Bankers are said to be con vinced that the country is "Stock Market minded" and that there is little hope for early improvement in business as long as the Stock Market is ieit to stagger about on its own It is the belief in such circles, so the report holds, that a better Stock Market is prerequisite to better business. This may look like "placing the cart berore the norre." u tne o:d tne ory holds, yet it can be said that the story comes from ?ood sources. Even amonsr those who still lean toward beanshness, the opinion to day was that the market was developing no little evidence of having be come rather heavily oversold. The point was made that reactions are pe ine forced from day to day with in creasing difficulty, and that indica tions are that the short interest out standing is probably much larger than it has been in quite a while One close observer was of the opin ion that the short interest in the market at present is larger than at any time since early 1928 wnen it pro vided the impetus for a long, sus tained rise. This contention is sup ported to some extent by the situation n the stock loan maritet wnere steei is now reported as "lending flat along with American Telephone and a number of other prominent issues, Cotton broke sharply upon the -re sumption of trading after the usual short suspension or activities wnicn attended the publication of the gov ernments report on planted acreage at midday. Though the figures proved closely in line with preliminary private forecasts, the report was inter preted bearishly tending to accelerate the selling which had been miiuencea earner dv ravor&oie weatner reports The Government estimate placed this vear s indicated acreage at 97.3 per cent of the 1929 total, a decrease ot only 2.7 per cent, which just about matched the unofficial indication of 3 per cent; One of the interesting yarns going the rounds today had it that early negotiations looking toward the ac quisition of the Autostron Safety Ra zor Company by the Gillette Safety Razor Co. is a possibility. The for mer company has filed suit against Gillette since tne marKeting ox tne latter's new product claiming in fringement of certain of its patents This litigation is expected to come up for hearing early in the fall. Gil lette, however, has maintained right along that its new product does not involve any infringement of rival patents, holding that the company was ready for anv legal controversy in connection with questions of that nature. Not many corporations are going to be able to match the performance of Childs Comnany during the first half of the year. In spite of a smaller sales total, this company was a'jle virtually to (..ouble profits accruing to the common stock. This would indi cat that to some extent at least the company profited by the slump in commodity prices having passed along little of the difference to consumers. At anv rate while sales for June and the half vear were slightly less than in the same periods of 1929, the proht for the common stock was equivalent to $1.35 a share or almost double the 68 cents a share reported for 362.320 common shares in the first half of last year. Reflecting the slack in the move ment of freight over the country's railways during the first half of the ear as compared with tne same pe riod last year. June brought orders to the equipment companies tor a to tal of only 900 new freight cars, the smallest for any months since last July. This brought the total or new cars ordered during the six months lust ended to roughly 40,000 as against 63,uny in the initial hair or 1929. stm tne total lor tne current year was substantially better than the 28,000 ordered in the first half of 1928. The United States consumes approximately 2,662,000,000 pounds of fish each year. 'ariff Investigations Delayed Until New Commission Named Washington, July 8. (AP.) Pend ing appointment of the new tariff commission as called for under the Tariff Act of 1930, the Sugar and other investigations ordered by the Senate will not be undertaken act ively. President Hocver has under consideration a list of names for, the re organized commission and is expecte-i by Senate Republican leaders to submit some of them to the Senate this week, or at least before the special session ends. German Reply to Briand Proposition Forecast Berlin, July 8". (AP.) Metropolitan dailies claiming to be able to give a reliable forecast of the German Government's reply to Briand's Pan-uropa memorandum state that Briand's proposition is regarded as coming within the purview of the League of Nations. All proposals of this nature, it is believed in Germany, should be submitted to the League in order that duplication of work might be avoided. Brazil's President-Elect Dined. Paris, July 8. (AP.) Luis de Suza-Dantas, Brazilian ambassador, today entertained President Doumergue and Dr. Julio Prestes, President-elect of Brazil, at luncheon in the embassy. The luncheon was said to have been for the purpose of acquainting the South American diplomats with European political information. Cotton Market Closes Up to 14 Points Lower New York, July 8. (AP.) Early declines in cotton under liquidation and some local selling promoted by relatively easy Liverpool cables and a fairly favorable view of the early weather news,, were increased right after the publication of the government acreage report today. This brought in a flurry of Wall Street and local selling, but the official acreage figures were not far out of line with the average of recent private reported and offerings soon tapered off. Ju'y contracts after selling down to 12.85 or into new low ground rallied to 13 08 and closed at 13.04 compared with 13.18 of the close at the previous day. The new October declined to 12.56 or 23 points net lower and witn:n a poit of the previous low and closed at 12.79. The general market closed steady, net un cnangea to i points lower. Cotton Price Range. (Furnished by Paine, Webber & Co.) High Low Last July 13.08 12.45 13.04 October 13.05 12.82 13.04 October (new) ....12.79 ' 12.56 12.79 December 13.23 12.9513.20 December (new) ..12.96 12.70 .12.96 January 13 21 12.99 13.21 January (new) ....13.00 12.80 13.00 March 13.20 13.00 13.20 May 13.38 13.19 13.35 Spot, 13.15, down 15 points. Rule Free Drinks' Use To Get Tips On Stocks Illegal Store Owner Says 'Mellow' Salesmen More InformativeFined .$300 Giving liquor to salesmen 60 that they would "feel good" and furnish their host with tips on the market situation was interpreted as illegal and hence in violation of the liquor laws by Judge Nathan A. Schatz in Police Court Tuesday, deciding on the case oi tTank Diamond of 483 Edge- wooa street, proprietor of a mea: marKet at 99 Sisson Avenue. Diamond was found euiltv of keen ing liquor with the intent to "sell or exchange" liquor and havine i reputation of "selling or exchanging nquor ana was nnea siau on both counts. His flttrtmpv. Rmannpl rtnWcolr, Tuesday night announced that at the insistence or his client no appeal will be taken from the decision, bv re quest oi nis cuent. faergeant Thomas Grorin. vhn staged the raid, described the store as a wen stocked place doing a legitimate business excent for the linn.-.r " Diamond admitted ownership of two jugs of whisky found in the rear of tne premises, maintaining that he oc casionally enerea tne liquor to sale men visiting his store. ihey know when the market is gomg to move up or down and if they are made to feel good they can tip uic uii auy ai me opportune time wrc iniuMt proprietor declared on ma stand. Well, that was the. nM rimine. ticut theory," Judee Schatz nnmmpn-.. ed. "Started with a nutmeg and soon came back with a horse and wagon. It s the same thing all over again and uie supporting provision in the liquor i icaus, io seu or exenange lntoxi eating liquor.' " i 1 Livestock Market xucaeo. juv s fAPi m e uep oi Agriculture.) Hogs 24.000. mciuaing nwo direct; mostly weak i iuc lower on ws sen mo miii,. " neav.er weignts io-20c lower sows on tne decline, top $9.85 paid for 180-200 lbs.; light, good and choice 140-160 lbs. $9.50-$9.85; light wcigm, iou-uu jos. $a.ou-s9.85; medium weight 200-250 ins. M SS-to Hi neavyweignt 250-350 lbs.; packing "icuium ana good 275-500 lbs. $7.50-$8.50: slauehter nio-s diwH anrf viiuiut iuu-iou ids. o.vo-SS.SO. v-atue oooo; calves 2000; weighty steers slow; more action on yearlings and light steers; she stock also being slightly better action than yesterday; slaughter cattle and vealers steers, 6uu uuc ouu-suu ids. $3.au-$ll.'(a; 900-1100 lbs. $9.75-$12.00; 1100-1300 lbs. .7-JU.UU; 1300-1500 lbs. $9.75-412 common and medium 600-1300 lbs. 5H.J3-$10; heifers, eood and choirs odu-hsu Jos. .75-$10.75; common and medium $6.00-$9.75; cows, ood and cnoice s.-j9.5; common and medium $5.00-$7.25; low cutter and cut ter $3.75-$5.00; bulls (yearlings ex eluded), good and choice (beef) $7.00 $8 50; cutter to medium $5.50-$7.25 ealers, (milk fed) trood anrf rhoiro siu.ou-siz.su: medium sasn-ainsn cull and common $6.00-$9.50; stocker ana ieeaer cattle steers, eood and choice 500-1050 lbs. $7.75-$9.75; com- uion una mfaium W.OU-J7.75. sneep io.ooo: weak to be lowpr! sorted native lambs $10.50-$10.75; rangers unsold; best held above $11; fat ewes steady at $3.00-$3.50; lambs, 90 lbs. down, good and choice $10.00- fii.io; medium $8.75-$10.00: all weienis, common sfinn-saTS- n-n 9U-15U Ids. choice S2.00-S3.50r all weignts cull and common sl.00 $2.50; feed ng lambs. 50-75 lh... cnod ana cnoice i.zs-js.OO. Interesting Connecticut Industry Brief sketches (to appear daily) of . romantic manufacturing enterprises that have made the Nutmeg State world-famous, and kept its people prosperous. Prepared by The Courant in conjunction with the Manufacturers Association of Connecticut. Gandhi's Spinning: Wheel Doctrine Pervades Nepal Once 'Taken' by American Calcutta, July 8. (AP.) Mahatma Gandhi's campaign against industrialism with its machines and fac tories has been favorably received in the independent Kingdom of Nepal, bordering on North India, and thousands of women are reported to have gone oacic to tne old rashioned spin ning wheel. Nepal, with a population of about uuo.ooo rigures in the fame of David Ochterlony, born in Boston, Mass., the son of an American loyalist, who came out to the East in 1777, entered tne maian Army, was Knighted for hJs conduct of the Gurkha War, and became known as Nepal's conqueror. The Napal government has re cently been considering means of en couraging its people to patronize home industry. The Department of State Industrie"! has beeun a svsbem of cotton seed distribution among the farmers, and Ithe economic significance of the home smm move ment is being explained to the people everywhere. Actress Gets Divorce From Robert Bell Reno. Nev.. July 8. (AP.) Mrs. Josephine Hutchinson Bell, actress, formerly connected with Eva Le Gal-lienne's Civic Repertory Theater in New York, has been granted a divorce here, from Robert Bell, said to be a gTamison of the late Alexander Graham Bell, Inventor of the telephone. The papers in the case were sealed. but it is understood today the decree was granted on grounds of mental cruelty. They were married August 12, 1924. at Washington, D. C, where Bell's mother lives. Meriden, Connecticut, The Horton Printing Cariipany, Doubtless inspired by the prestigt given the printing industry by that famous early American, Benjamin Franklin, one Elisha A. Horton founded, in 1867, E. A. Horton & Company, doing general printing. Headquarters were in the old Hall & Lewis Building, Meriden. After seven years of successful business, the plant was moved to its present location at 21 Church Street. Upon the death of Elisha Horton in 1893, Isaac C. Lewis reorganized the company, with himself as president, Selah A. Hull, vice-president and treasurer, and William G. Hooker, secretary. Auditors were George W. Fairchild and Baldwin I. Thompson. Mr. Hooker died in 1913, whereupon Mr. Thompson became secretary and manager and also took over the former secretary's stock in the concern, now known as The Horton Printing Company. After fifteen years as secretary and a malor stockholder. Mr. Thompson completed a deal whereby he became president and sole owner or the busi ness. Mr. rnompson, or -a. i. as ne is popularly known, has been continuously Identified with the company 47 years. The business is now conducted by and under the active management of his son, Raymond BvThompson, vice-president, and the secretary, Miss Florence M. Alexander. The plant is flourishing and provides industry at the present time for 35 of Meriden's citizens. With modern type faces and methods and a cooperating organization, the company is turning out first grade of work, covering all branches of printing from business cards or wedding invitations to catalogs, stamping, embossing, four-color process printing, binding, etc. Tne omcers oi we company eue. R. B. Thompson, president; B. I. Thompson, vice-president; Edna L. Thompson, treasurer; Florence M. Alexander, secretary. Russian Lumber Is Admitted By Lowman's Order No Proof It Was Produced by Convicts, Assistant Secretary Finds Washington, July 8. (AP.) Assistant Secretary Lowman ruled today that six shiploads of Russian lumber imported by the A. C. Dutton Lumber Company at Poughkeepsie, N. Y.( should be admitted to this country as it had not been proved that it was produced by convict labor. Two shiploads of the lumber arrived at Poughkeepsie and Provi dence, R. I., last week and were de nied entrance by customs officials under the tariff act which provides that articles produced wholly or in part in any foreign country by convict labor shall not be entitled to entry. Four other shiploads of lumber are on the high seas and Lowman instructed customs collectors that they also should be admitted unless in structions to the contrary were is sued in the meantime. Lowman's decision was the result of a hearing held Monday at which Importers of pulp wood and the . Amtorg Trading Corporation, the Russian commercial organization, testified the lumber had not been pro duced by convict labor. Boston Court Issues Injunction to Prevent Plane Leaving State Boston, July 8. (AP.) The first ir junction ever issued 'in this state to prevent an airplane being flown or moved from the jurisdiction of Mas sachusetts courts was ordered today by Judge Louis S. Cox in Superior Court. Judge Cox's action was taken on a bill in equity by John F. Belanger of this city against his partner, Parker W. Gray of Nantucket. The partner ship entered into on March 28, 1930, was for the purpose of establishing a commercial flying business and Gray says he put $600 into the enterprise. Hi& complaint sets forth that Bai- anger has consistently refused to allow him to have anything to do with the business or to account for moneys earned. In addition Gray asserts, Belanger has threatened to remove the plai.e from this state. The complaint asks that a receiver be named and the partnership dis solved. 'Buyers' Strip Salesman Of $465 and Take Car Worcester, Mass, July 7. (AP.) Benjamin Cohen, an automobile dealer, took a pair of prospective customers on a demonstrationride shortly before noon today, and when the outiit reached the 'end of Frank Street, near Lake Quinsigamond, one ol the strangers poked a gun into Cohen's ribs, robbed him of 65 in cash, a diamond ring valued at $300, a gold watch valued at $100, and the automobile. Cohen was bound and gagged and thrown from the car which was s returned to a place within 200 yards' of Cohen's salesroom, and left there. Steel Executive Riuis Atom ot Customs Men New York. July 8. (AP.) Mvron C. Taylor, chairman of the finance committee of the United States Steel Corporation, today was required to pay $1937 additional duties on wearing Apparel which he and his wife brought from Europe on the liner "Olympic" last night. No fines or penalties were assessed on the steel magnate. Philip Elting, collector of the port, who, with other high officials, heard the case, decided the failure to declare the goods was acci dental,

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