Hartford Courant from Hartford, Connecticut • 18

THE HARTFORD DAILY COURANT: TUESDAY, JULY 12, 1932 18 Furloughs Hamper Post Office Work and national organization of flnan cial markets. Necessary For Trogress. Corporation Papers Filed Hartford Stocks By A. E. Magncll, Financial Editor Senate Gets i Two Probes Under Way The Insurance Executives' Association, composed of representatives of fire Insurance companies which write 75 per cent of the total fire Insurance business in the United States, Is now functioning In a bigger way, The election of Paul L.

Haid to be work. The association now consists president has given Impetus to the of 39 members and they represent 140 companies, the big fleet organization being among the first to affiliate, The Journal of Commerce says: Affairs of the association are under the guidance and direction of the Hoover Lauds Smaller Units Of Industries Message to Conference Reminds Executives They Employ Hr.lf the Nation's Workers Silver Bay, N. July 11. (AP.) President Hoover, in a message today to the second annual conference on smaller industries held here, declared these little units of the economic system were "vitally important in the human sense," employing half the workers of the nation. 1 The President's message was read at the opening of the conference, a president, Paul L.

Haid, and a board clally charged with the making of recommendations to the association for. adoption of such changes In methods ness as may, In their Judgment, benefit companies and render better and World Bank Urges Return To Gold Basis Japanese and Swedish Representatives Approve Resolution Adopted at Basel Easel, Switzerland, July 11. (AP.) A Btrong call for return to the gold standard was issued today by the directors of the Bank for International Settlements with the approval of the representatives ol Britain, Japan and Sweden, which are off gold. The concurrence of the British, Japanese and Swedish representatives "was taken as an indication that their governments Intend shortly to return to gold. Montagu Normsn, governor of the Bank of England and the British member of the board, was not present, but his alternate voted for the gold resolution with Mr.

Norman's approval This was the first puBlic Indication of the stand of the Bank of England since the nation went off gold last fall. more comprehensive service to the force the rules and principles of the the enforcement of the rules of the zations, with which companies represented by members in the association are affiliated. The principal objects of the association shall be "In every lawful way, (a) to maintain among Its membcis establish the practice of fair dealing ciples In competition with one another, and to support all territorial and special organizations which shall be listed by the board of trustees and of which companies represented In the organization are, or- shall become, members; "(b) To bring abount Improvements, reforms and economies In the methods and practice of conducting allied lines so that the methods for more economical; that rates may be better adapted to the needs of various localities, classes of business and Individual owners; that forms of coverage better suited 'to the changing conditions of business and manufacture may be devised; and In general that the operations of com panies may be more efficiently conducted and better service rendered to the insuring public, and (c) to promote the Interests of stock Insurance companies." Inquiry Is being made to determine If lt Is a fact that certain trunk line railroads are assuming Insurance charging for It against shippers. This would constitute doing Insurance business, lt Is claimed. The New York Board of Underwriters and Insurance men have been in conference with the Interstate Commerce Commission on the subject.

Andrew MacKechnie, a fire Insurance rate expert, was called io testify by John J. Hickey, counsel for the warehousemen's protective committee and stated that rates ranged from 25 cents to $2 per $100. No piers are fireproof, it was asserted and fighting such fires is difficult. The charge of the private warehouse companies is that the railroads of recent years have been Indulging In the practice of insuring the stored merchandise of shippers on their pier terminals and charging the shipper 8 cents a $100 a year and assuming the risk themselves, whereas the regular rate that the shipper would have to pay' an insurance company would be anywhere from 25 cents to $2 or more, and that by this saving they had been able to draw business away from the private commercial warehouses. The extent to which heavy trucking has cut into legitimate activities of railroads was never better Illustrated than by a report of the Corn Belt farm dailies covering stock movements by truck.

Last year this phase of trucking established a new record. They handled 21,162,430 calves, cattle, hogs and sheep. Exactly one-third of the total receipts at 17 markets were transported by trucks, representing a 25 per cent increase over 1930. Although the "New Haven" Railroad has speeded both passenger and freight service under the new regime of President John J. Pelley to a degree believed to be impossible only a few years ago, even greater speeds, which will enable more adequate competition with the airplane, will be made possible in the near future.

The speed program of the "New Haven" has advanced step by step, the latest advance being one which will take place this year with the placing of heavier rail on its main line tracks between New York and Boston. During the year, 10,000 tons of the heavier steel, 130-pound rail, will replace the 107-pound rail now in use. At the present time, the "New Haven" has already replaced the lighter rail with the 130-pound type on 234 miles of track and this program will eventually include the entire main line between New York and Boston. When the old steel has been entirely replaced, it will make for safer, smoother and faster operation of trains. Last year, faster running time was made possible for many of the railroad's crack trains by the introduction of new locomotives of extraordinary size in passenger service.

This was preceded a short time previous by the use of huge new freight locomotives capable of hauling long trains at passenger train speeds. Both electric and steam locomotives are included among the newer demons of speed. In passenger service, roller-bearing equipped deluxe coaches have also aided the increased speed of regular trains, this type of equipment reducing friction and making train riding more smooth and comfortable than ever before. The following papers of incorporation were filed with the Secretary of the State Monday: Donahue Drug, Putnam. Authorized capital 500 shares common, $100 par; $20,000 paid.

Incorporators, James Donahue, Edward M. Bartley, J. Francis Bart-ley, Whitinsville. Byron Hart Corporation, Nor-waik. Authorized capital $2000; 20 shares common, $100 par; paid.

Charles L. Johnson, Glenbrook; Richard D. Halloran, South Norwalk; Edith M. Gum, Milford. Organizations.

Economy Meat Market, Mid-dletown. Paid $2000 cash, $8000 property. Mary Baltimore, president; Hymen Baltimore, treasurer; Paul Spevock, secretary. State Markets. New London.

Paid $3000 cash. Sydney Mas-sey, president; William L. Solomon, treasurer; Arthur Herst, secretary. Lassoff Bros. Bakery, 112 Barbour Street, Hartford.

Paid $150 cash, $5850 property. Oscar Lassoff, president; Benjamin Kashmann, vice-president and treasurer; Harry Lassoff, secretary. Safety Service, Bridgeport. Paid $12,000 property. W.

B. Spencer, president-treasurer; Robert B. Davis, vice-president; K. S. Foster, secretary.

Association. The Public Health Nursing Association of Cheshire Connecticut, Incorporated, Cheshire. The Savin Rock Progressive League, West Haven. Huey Long Tells Senate When a Man Is Drunk Washington, July 11. (AP.) Huey Long gave the Senate some legal advice today on how to determine what constitutes intoxicating liquor.

The Louisiana senator said he had made an investigation in connection with the Senate's difficulty in determining what is intoxicating liquor and had settled the question, when a human being is intoxicated. He quoted from Mordecai's law lectures from the North Carolina Law Journal the following: "Not drunk is he who from the floor can rise again and drink once more. "But drunk is he who prostrate lies and cannot either drink or rise." Buys Rare Wines Anticipating Repeal New York, July 11. (AP.) Believing that repeal of the Eighteenth Amendment "looks to be just over the horizon" Bertram Weal, a hotel manager, is sailing Wednesday to buy options on rare wines in France and Germany. "At the present low prices for the besf vintage wines of Europe," he coir? trvinv think it's wise ore- caution to negotiate now.

If and when the repeal oi tne niignteenin Amendment is assurea-ar -wHe rtnnc hnnm In Furnnean liauor mar 4remen kets will ensue and prices are sure to soar to ridiculous heights." J. P. Morgan Sued 'By Man His Car Hit New York, July 11. (AP.) J. P.

Morgan has been named defendant in a suit for $75,000 damages filed in Supreme Court by Harold A. Baugh, 39, of New York, who charged he, suffered probable permanent injuries as a result of being struck by an automobile owned by the financier, January 27 last. The car was driven by Henry P. Shaw, chauffeur. The suit was disclosed today when attorneys for Baugh filed a motion, returnable Friday, to examine the financier as to the condition of the brakes on the automobile at the time of the accident.

Moves to Cut Costs Of Bay State Courts Boston. July il. (AP.) Senator Samuel H. Wragg, Republican of Needham, chairman of the joint special committee on public expenditures today wrote to the heads of 15 bar associations in a move to reduce the cost of operating Massachusetts courts and the administration of Justice. Senator Wragg asked the appointment of conference committees to meet with the legislative body for the purpose of drafting legislation by which such economies might be effected.

Silver Futures. New York, July 11. (AP.) Silver futures closed steady. Sales 1,625,000 ounces. July 27.10 bid; September 27.25 bid; Oct.

27.38(342; Dec. 27.63; January 27.75 bid. NOTICE OF FIRST MEETING OF CREDITORS In the District Court of the United States, for the District of Connecticut; In Bankruptcy. In the matter of THE HAZEL YOUNG CAFETERIA, INC. Bankrupt To the creditors of The Hazel Young Cafeteria.

of Hartford, in the County of Hartford, and District aforesaid, bankrupt. Notice Is hereby given that The Hazel Young Cafeteria, was duly adjudicated bankrupt; and the first meeting of creditors will be held at the office of the undersigned, No. 750 Main Street, In the city of Hartford, on July 22, 1932. at 12 D. S.

T. at which time the said creditors may attend, prove their claims, appoint a trustee, examine the bankrupt, act upon the disposal of property of the estate, and transact such other business as may properly come before said meeting. SAUL BERMAN, Referee in Bankruptcy. July 8, 1932. THE Bryant Chapman COMPANY Wholesalers and Retailers of Pasteurized Milk and Cream 330-340 WOODLAND ST.

Hartford. Conn. Legal Notices As long as these fundamental problems will not have been taken up by the government one can only expect little or no progress from a purely monetary action or from en attempt to reestaDusn tne mnction-ing of the gold standard between countries. When, on the contrary, sufficient progress will have been realized in the settlement of these questions and simultaneously there begins the work of economic reconstruction, the goal of monetary reconstruction can be envisaged. The Bank for International Settlements will be at the disposition of the central banks to serve them as a common organ in the task of monetary restoration ol tne international regime of the gold standard.

The board wishes to register Its accord with the general conclusion of the report adopted Sn June. 1932, by the majority members of the members of the gold delegation of the LeaRue of Nations. Its conclusions appear to be an exrellent startine point for the de tailed establishment of monetaryl principles which can later receive their practical application. Wall St. Opinions What Analysts Say About the Market (Furnished by Putnam Co.) The feeling over the week-end was not especially optimistic, largely due to poor earnings and trade forecast.

Contrary to expectations, the market was strong all through the session and closed at the best figures of the day, with active buying in of short and some little long speculative buying as well. This latter is a rare" occurrence these days. The market was influenced by the statement of Speaker Garner that Congress would adjourn before Sundav, and also by the report that the bill authorizing the manufacture and sale of beer and light wines was up for discussion before the Senate. We think the market from now on will gradually work towards better figures and if it can only go up 5 to JO points from present figures we should reach a level where there would be very few stocks for sale. City Workers Get First Slim Envelopes Today Computation of the general city payroll on the basis of the 10 per cent reduction in salaries and wages ordered by the Common Council has been completed at the office of Controller E.

E. Lamb. The reduced compensation will be operative today in payment of weekly wages in the Street Department. The general citywlde reduction will be reflected in salary checks which will be distributed Wednesday. Controller Lamb was conference Monday with Corporation Counsel Frederic J.

Corbett, regarding the form of waiver which is to be signed by city officials whose salaries are definitely fixed by ordinance and who will authorize a deduction of 10 per cent in their salaries, without any necessity for ordinance amendments. Investment Trusts THE ASSOCIATED TRESS. Am On Sec A ft Am ft (itn fiic 3 22 1H 2 10 10 1U 3 Am Gen See S3 pf 22 Am nan Block corp Am Br A Con 6 pi Am Comp Tr Bars IS 2 1 a Am rcirs 6 pr Am Kdr pf Am In, Stuck Assoc Stand Oil All Pao lnl unit 12 Atl I'ac cum ww au rac pr war Bancamer Biatr Bankers Nt Inv 10 Bansictlla Corp 3 Basic Industry 1 It Huh Type Inv fOo Central Nat Corp A II Central fiat Corp Cuury Tr Bhra 10 Chain St Urn Equities Chartered Invest Chelsea Kxch A 14 3Va 1 13 2 11 'A 1 1 ltt A Chtlwa Kxch y. Cumulative Tr Kh i.t Corporal Trust Hi Corporal Trust Accum 8r 1 07 1 07 1.15 1.15 10 72 Corporal Trim A A Crura, Foster Crum A Fust pi Crum Sc Kot In Crum Font In pf Depos Bk BUM 7 8 5 175 IS 1 3V 1.30 3S 1 35 IS INfpo Bk eh A Urpo In Shr Diveiswea Tr A Diversified Tr Diversified tr 1 43 3S 1.55 lvQuity Invest Conv Stpd i.iuuy Trust Bhre Kive Year Fixed Tr Fixed Trust Fh A Fixed Trust Eh Fund Tr fchrs A Fund Tr Shr 2M 3 Curt Winmill Trd 3 Incorp Investors' M0 10 IS 1 35 1 a IS im-urp invent r.quil jnoepena 1 ems Ini trc Curp Am A mi Bee Am 8 pt lnl fcee Am 6W Inv Tr Coll Invwt Trustee th 2 Lealrr, of lnJul IS, Leafier of IrtduM 1.5J Leatler of InrtuH 1 i Low I'riced Shra 1 Major Corp fhr Vaia Invent Tr 9 Mutual Inv Tr A 3 Mutual Manas Nation Wide (See 1 80 Nail IntiuM Shr i Natl Tr Shr 3 N. Y.

Bk Tr Khr 2 Nor Am fr Shar 10 Nor Am Tr 6h 1.15 Am Tr Sh ivbt 1.15 Northern Becur 15 Oil Share umi 2-: 'J1. 1 RS 1.54 1S 1(1 4 35i 3H as 1 I ii 30 ft 1 4 2 4 42 l'l 10 15 1 X0 3S 2 7S Oid Col Inv Tr Old Col Tr Aoa 3 rtlv.il Trad A 3 Public crv Tr Repr Tr 8h' IS 4 17 Second Int. Sec A ond lm Sec 8i-c lnl arc lt pf hecur Corp (ieeo 46 pi 5 10 1 10 3' IS 1 ih aio tin fenced Cumul Sh Selected Incom fh tested Manage Trul Boenr Tiak fund 1- Plana All Am Tr 1 nft Siand Am Tr Khr as 'n Co.iat Trut Bii fcsreet loveal 32 urr t.f Am Tr A 1 55 fc-per of Ana Tr 1 fc.per of Am Tr ti. 3 34 as 3 is 1.2D 1.20 3, 2S 2S 1H 5 .02 V. JS IS our 01 Am Tru.e stand Inv Trune tnl ln IruHe St Oil A 3 1,05 Bl Oil fhni runted h.mu 1 Traw Am En 3 1 1 iolU Cent V'mA Tr Ta Vr nk IS cited y.xf him iv I 4 fail voni I lel lu Bhra js Crutad liana Tr 1: Va A Brit lnl Ltd A I A Brit lnt Lid 7.

I A Brit let 3 pf 3 I A How 10 ti Liec Lt A I'ow -B- 1 65 IS Money on Call New York. July 11. (AP.) Call money steady 2 per cent ail tiav; time loans steady; 60-90 davs 1 4-6 months 1 1-2 per cent. Prime commercial paper 2 1-4 to 2 1-2; bankers acceptances unchanged. 30 days 1 7-8; 60-90 davs 1 7-8; 4 months 1 1-8 to 5-6 months 1 3-8 1 1-4.

Washington, July 11. (AP.) Postmaster General Brown said to day he would have to "abolish Christmas" unless some method was found to furlough postal employees during slack mail periods. "We are in an awful mess at the Post Office Department over this furlough business," he said. "People wouldn't stand for their mall on a five-day week basis and to furlough men at the rate of five days a montn during tne summer would work an unfair hardship on them." Brown talked with President Hoo ver today about the problem. Ha said afterwards he expected to wortc out some method or administering the economy bill in his de partment without "doing away with Santa Claus." Government Economy Urged by II.

F. Long Boston. July 11. (AP.) The pub lic was warned today by Henry F. Long commissioner of corporations and taxation that it must give up what it cannot afford In government.

Long called upon the New England Council to do everything In its power to get It clearly to the people that there is a limitation in the amoun of money that government can spend. In a letter to the council r.e Eaid that "if the people generally can adopt the thought that they must give up everything In government except tnat wnicn is tne means of the community to pay for, our troubles will be solved. If this is not. done, we shall face a situation of destroying the tree that has borne us fruit and we shall have neither fruit nor tree." Produce Markets Grain. New York.

July 11. (AP.) Flour barely steady: spring patents 3.95-4.20; soft winter straights 3.05-20; hard winter straights 3.35-70. Rye' flour easy; fancy patents 3.20-45. Cornmcal quiet; fine white granulated 1.25-30; do yellow 1.20-25. Rye Irregular; No.

2 western 41 1-3 f. o. b. New York and 46 c. 1.

f. New York domestic to arrive. Barley steady; domestic 42 7-8 C. 1. f.

New York. Buckwheat steady; export 1.15. Wheat spot easy; No. 1 dark northern spring c. 1.

f. New York 73 1-2; No. 1 Manitoba f. o. b.

New York 61 6-8. Corn spot steady; No. 2 yellow c. 1. f.

New York 45 3-4; No. 3 yellow do 44 1-4. Oats spot steady; No. 2 white 30 3-4 to 31. Feed steady; city bran 100 lb.

sacks 17.G0; western bran do 16.60. Hay steady; No. 1, 17.00-18.00; No. 2, 15.00-16.00; No. 3, 13.00-14.00; sample 8.00-10.00.

Pork firmer; mess 20.25; family 22.25. Tallow steady; special loose 2 1-4; extra 2 1-2. Rice steady; fancy blue rose 2 3-4. Butter and Eggs. Butter, 10,125, steady to firm.

Creamery higher than extra 18-18 1-2; extra (92 score) 17 1-2; first (87-91 score) 15 1-2 to 17; seconds 14 1-2 to 15 1-4; packing stock, current make No. 1, 12-12 1-2; No. 2, 11-11 1-2. Eprs. 8996.

firm. Mixed colors, standards (cases 45 lbs. net) 15 1-2; rehandled receipts (cases 43 lbs. net) 14 1-2; no grades 13 1-2 to 14; special packs, including unusual hennery selections sold from store on credit 16-18 1-2; mediums 13-13 1-2; dirties 13-13 1-4; checks 11-11 3-4. Whites, selected specials and premium marks 23-24; nearby and Mid-Western hennery, best open market offerings (46 lbs.

net) 19-22; standards (cases 45 lbs. net) 18-18 1-2; lighter weights and lower grades 15-16 1-2; mediums 16 1-2 to 18 1-2; pullets 12; Pacific Coast, fancy packed, shell treated and liners 22-22 1-2; standards 19 1-2 to 20 1-2; shell treated or liners, mediums 17 1-2 to. 18 1-2; browns, nearby and western special packs, private sales from store 17-24; western standards 15-16. Vegetables. Potatoes, 263.

Irregular. Maine, 180 lbs, in bulk. 1.80; do 150 lbs. 150; North Carolina, Maryland and Virginia bbl, Long Island bbl. 2.50.

Cottonseed Oil and Lard. Lard firmer; Middle West 5.60-70. Blcachable cottonseed oil was strong with final prices showing net advances of 14 to 22 points. Offerings were light and prices responded to increasing covering promoted by the new highs for hogs, and the sharp advance in lard. Reports of export rales of lard to the continent the first time in a long while from here, was also a supporting factor.

The census bureau report on consumption will be issued at 11 a. m. tomorrow. The trade is looking ior a disappearance of 225.000 barrels during June, agninst 222,384 In May and 222,991 in June last year. Crude oil was 3 1-4 nominal in the Southeast and the Valley and 3c.

nomial in Texas. Sales were 12 contracts of 1800 barrels. Bloachable spot closed 3.90, July 4.12, September 4.29, October 4.2G, December 4.30, January 4.34. Chicago Grain. Chicago, July 11.

(AP.) Faced by prospects of more than a billion bushels of wheat supplies in North America this season, wheat values went generally aownhill today. Crop advices both north and south of the Canadian border were optimistic regarding spring wheat. The Government July 1 crop estimates issued late this atternoon were construed as decidedly bearish indicating the 1932 domestic yield ot all wheat would total 737,000,000 bushels. RRaimt latest private forecasts of 685.000,000. Wheat closed unsettled, 1-4 to 3-4 under Saturday's finish, coin 1-8 off to 1-4 up; oats, unchaKgcd to 1-2 lower, and provisions showing 2 cents to 27 cents advance.

U. S. Stock of Gold Increases $2,613,900 New York. July 11. (AP.) A gain of $2,643,900 today in the country's monetary stock of gold resulted from an Import of $142,400 from Mexico and a decrease of $2,501,500 in the stock of gold held under earmark for foreign account.

Metals. New York, July 11. CAP.) Copper quiet; electrolytic spot and future 5 3-8. Tin easier; spot and nearby 20.75; future 21.00. Iron quiet; No.

2, f. o. eastern Pennsylvania 14 00; Buffalo 14.00-14.50; Alabama 10.00-11.00. Lead easy; spot New York 270; Fast St. Louis 2.65.

Zinc quiet; East St. Louis spot ar.d future 2 60. Antimony 5.00, Quick-iier 56.00-60,00 meeting of leaders or representa tives of the smaller Industries of the nation. Th conference in tended to provide an opportunity for executives of the smaller nlante to hold round-table talks on the proDiems or tne industrial unit their companies represent. President's Message, Mr.

Hoover's message follows: "I am elad to learn r.hnr. the hltrVi. ly successful conference on manage ment pruDiems oi ine smauer industries that was held lash vear la tn ho followed up this year by a similar cuiuerence. "It would be difficult to overstate the value of these smaller industries in the economic life nf the notion providing, as they do, the bulk of ine mosc vanea manuiactured products of the country and contributing to the most intensive de- VelODment Of local resnnrr.e.c in every region. They are also vitally important tne numan sense, for they employ more than half of the industrial labor in the United States 'anrl their nrnhlems nf em ployee relations, therefore, affect me wea-Demg oi inis great element of our population.

"I will be obliep.rl if vnn will ex press to those gathered for this conference my cordial greetings and my nearty gooa wisnes ior a meeting helpful to them and to those rienenrfpnt. nnnn them fnr the nn portunity to earn their livelihood." governor jpranKim u. Kooseveit, the Democratic nominee for President, also wired the conference asking that a complete rerjort of the conference be sent to him. He declared that inasmuch as these smaller industries "employ sixty per cent or an iaDorr any program Which contains a solution of Krvlnl and economic problems can not overiooic tne employers and employees of the smaller industries." N. Y.

Banks and Jns. -U Bank stocks moved on the up side on Monday and most insurance stocks strengthened. United States Trust netted 20 points and got back to 1000. First National added 10 at 870 and Guaranty advanced 10 to 180. Chase, Corn Exchange and Central Hanover were up 2 points.

Bankers and Chemical were up 1 and others gained a half to a point. City of New York, in the insurance section, was brought up 5 points to 45 and a long list added a half to a point. Sun Life was off 10 at 120 and Springfield Fire 6s Marine was down 2 at 35 with Insurance Company of North America correspondingly lower at 19. All were new lows. Globe Rutgers also went to a new low at 32, off 1.

(Furnished by Conning A Co.) 2 Chase (20) 22 24 2 City (20) 26 28 8 Commercial (100) 80 BO 4 Corn Exchange (20). 46 48 100 First Nat (100) 870 910 2 Manhattan 15 17MI 2 Public (25) 1514 17V4 3.20 Titls Guaranty (20). 22 25 Trust Companies. 14 Bk of NY Tr (100) 170 180 3 Bankers (10) 45 47 10 Brooklyn Tr-(IOO) 105 115 6 1 Cent Hanover (20) 89 93 1.80 Chem Bank OQ) 27 28tt 1.20 Continental (10) 12 13M 1.60 Empire Tr (20) 15 1.60 Irving (10) 14 16 20 Guaranty (100) 180 190 80 Kings County (100) 2100 2 Manufacturers (2Q) 18 19ft 5 New York (25) 54 57 60 United States (100) .1000 1050 Insurance Companies. 1 American Alliance 414 14 .50 Am Ins 4V4 6 .40 Baltimore 1 -2 16 Boston Ins 195 220 1.50 Carolina 7 8'4 16 City of 45 S5 Cont Cas 4 6 4 Fidelity St Deposit 27 32 Fidelity Guar Firs.

8 1.80 Franklin 814 7 1.20 Firemen's Ins 4 614 General Alliance 2 3Vs 1.60 Glens Falls 36 28 1.00 Great Amer 8 Globe Si Rutgers 32 37 1.20 Halifax fi 1.60 Hanover 13 15 1.80 Harmonla 44 6 1 Home 84 10 1.30 Homestead Fir 314 814 Imp Exp 7 10 2 Ins Co of Jl 19 22 Maryland Cas 314 Mass Bond 5 10 .40 Nat Casualty 4 .40 National Liberty 3 Nat Union 10 13 1.80 New Brunswick 4'4 614 2 New Amsterdam Ills 13V4i 2 New Hampshire 18 22 New Jersey 2 5 4 Northern 20 30 1 North River 5 7 4 Paoiflo Fire i 40 Pref Accident 4 514 1.80 Prov-Wash 9'4 Hit 1.40 Security In 1414 6 St Paul 70 75 4.50 Springfield 35 40 Stuyvesant 4 8 15 Sun Life 120 150 8 Casualty 5 7 3 34 1 US Fire 714 14 Westchester 414 6V4 Realty and Mortgag Companies. Am Burety 7H 4 Lawyers Title 31 35 5 Bond Mortgage 15 37 .80 Lawyers Mtg 414 Springfield Span Bill to Hoover. Wocriinornn. Jnlv 11. (AP.) UMnoi Mniic nrtinn t.OdftV sent tO i President Hoover legislation to per- mlt spnngneia, duuu hriHcre mH hiphwBv across the mili tary reservation at Springfield Ar mory.

pro Study CamDaiffii Spending, Finance Body; Loans Talk Treasury Reserve Inquiries Washington, July 11. (AP.) TwcJ new investigations were launched today by the Senate, while a searching inquiry into the conduct ot the Treasury and Federal Reserve board was discussed without reaching a conclusion by the Rules Committee of the House. One of the new Senate committees will keep a watchful eye on the expenditures of Presidential and Senatorial candidates. The other is to make sure the loans of the Reconstruction Finance Corporation are strictly in accord with law. Measures launching both inquiries were adopted with little, debate and without record votes.

Without openly opposing, two Administration financial spokesmen made it clear to the House Rules Committee that a Congressional investigation of the Treasury and Federal Reserve Board Is considered undesirable. Under-Secretary Ballantine of the' Treasury and Eugene Meyer, governor of the Federal Reserve Board, were the witnesss. Ballantine said while the Treasury had no objection to a Congressional investigation, he did believe an inquiry would hamper the department in the application of the recently-enacted tax laws. Meyer likewise said he had no objection to an investigation into the Federal Reserve but called the attention of the committee to the fact that the Senate Banking Committee had just completed a twq years study of the Reserve system. Representatives McFadden, Republican, Pennsylvania, and Patman, Democrat.

Texas, appeared to urgq the inquiry. Committees Personnel. Vice President Curtis named Senator Howell, Republican, Nebraska, chairman of the Campaign Funds Committee and appointed the fol-' lowing as its personnel: Senator Townsend of Delaware and Carey of Wyoming, Republicans, and Bratton of New Mexico, and Connally of Texas, Democrats. To look over the books of the Finance Corporation, Senators CouzenS of Michigan, Goldsborough, Maryland, and Walcott, Connecticut, Republicans, and Glass, Virginia and Fletcher, Florida, Democrats, were, appointed, with Couzens as chairman. In the short argument over thd Reconstruction -Corporation Inquiry the $90,000,000 loan to the Dawes bank in Chicago was cited frequently.

Senator Couzens. who sponsored the investigation, said he did noo know whether an advance of this amount was justified. Senator Nor-ris, Republican, Nebraska, suggested favorism was involved. Senator Van-denberg, Republican, Michigan, 4maintained unea inar, sucn was not tna case. Charles G.

Dawes, chairman of the bank was, until a few weeks ago, president of the Finance Corporation. Legal Notices NOTICE OF FIRST MEETING OT CREDITORS In the District Court of the Unite! States, for the District of Connecticut; la Bankruptcy. In the matter of FREDERICK W. CHAMBERLAIN and WILLIAM E. CHAMBERLAIN, d.

b. a. "CHAMBERLAIN'S MARKET" Bankrupt To the creditors of Frederick W. Chanw berlain and William E. Chamberlain, both, of Hartford, In the County of Hartford! and District aforesaid, bankrupts.

Notice Is hereby given that Frederick Chamberlain and William E. Chamberlain were duly adjudicated bankrupts; and that the first meeting of creditors will be held at the office of the undersigned, No. 750 Main Street, In the city of Connecticut, on July 25, 1832 at 10 a. nu D. S.

at which time the said creditor may attend, prove their claims, appoint a trustee, examine the bankrupts, acj upon the disposal of property of the and transact such other business as max properly come before said meeting. SAUL BERMAN, Referee la Bankruptcy. July 11, 1932. At a Court of Probate holden at HarU ford, In and for the District of Hartford In the State ot Connecticut, on the 5th daa of July, A. D.

1B32. Present, Hon. Walter H. Clark, Judgs. On motion of Anna Francs, 105 Homsy stead Hartford, executrix of tha ESTATE OF ARTHl FRANCE lata of Hartford within said district, deceased, lt i ORDERED, that six months from tha 8th day of July, 1932, be and tha samft are limited and allowed for the presentax tlon of all claims against said estate to the executrix thereof and said executrix is directed to cite all creditors of said decedent to bring In their claims within said time allowed by posting a copy of this order upon the public sign post nearest to the place where the decedent last dwelt within said town of Hartford and by pub lishing the same once In some newspaper having a circulation in said Probate District within fifteen days from the date of this order.

Certified from record, MARY E. CUNNINGHAM, Ass't Cleric At a Court of Probate holden at HarU ford In and for the District of Hartford, In the State of Connecticut, on the 7th day Of July, D. 1932. Present, Hon. Walter H.

Clark, Judge. 'On motion of the Hartford-Connecticut Trust of Hartford executor of the ESTATE OF EDITH N. DEMSO.V. late nj Wethersfield within said district) deceased, it is ORDERED, that six months from tha 7lh day ot July, 1932, be and the same are limited and allowed for the presentation of all claims against said estate to the executor thereof and said executor is directed to cite all creditors of said decedent to bring In their claims within said time allowed by posting a copy of this' order upon the public sign post nearest to tha place where the decedent last dwelt with in said town of Wethersfield and by pub lishing" the same once In some newspaper having a circulation In said Probate District within fifteen days from the data of this order. Certified from record, MARY E.

F. CUNNINGHAM, Ass't Clerk At a Court of Probate holden at Hart ford, In and for the District of Hartford, in the State of Connecticut, on the 6th day of July, A. D. 1932. Present, Hon.

Walter H. Clark Judge. On motion of Albin Erenius Brolin 67! Orange Hartford, executor of tha. ESTATE OF ANDREW J. BROLIN, SOMETIMES KNOWN AS JOSEPH BROLIN, late of Hartford within said district, deceased, lt is ORDERED, that six months from thj 5th day of July, 1932, be and the same are limited and allowed for the presentation of all claims against said estate to the iim cutor thereof and said executor Is directed to cite all creditors of said decedent ta bring IB their claims within said time au lowed by posting a copy of this order upon the public sign post nearest to the place where the decedent last dwelt within said town of Hartford and by publishing tha same onre In sflme newspaper having a circulation In said Probate District wlthioi fifteen days from the dale of this order.

Certified from record, MARY E. F. CUNNINGHAM, Ass't Clerk Out of Town Markets of 15 trustees, who shall be espe of conducting the Insurance busi insuring public. They also shall en organization and (or) cooperate in several territorial and special organ! a spirit of loyalty to obligations, to and the observance, of ethical prin the business cf fire Insurance and Its making rates may be simpler and risks at piers and warehouses and Boston (Famished by Adams, Merrill ft Co.) Telephone Stocks. Bid Asked New England Tel 65 70 Miscellaneous Stocks.

Amn Pneu Com 25c 65c Amoskeag 2 2 Blgelow-Hartford Com 7 9 Kdlson Klec III 136 138 East Boston Land 1 1 Eaatren 8 Com (1 6 Kconomy Stores 19 20 Gilchrist 3 3 Greenfield ft 60c J2 lnt Buttonhole 8 9 Llbby McNeil Llbby 87o SI Loew's Theater 7 Merg Linotype is 1914 Natl Leather 20c 35c Pacific Mills 4 4 Reece Folding Mach 75c 1 Swift A CO 11 12 Swift Intl 20 21 Torrington 24 25 Union Twist Drill 8 9 United Shoe Macby Com 26! 27 do pf 26 30 Waltham Watch 2 10 Walworth 75c II Warren Bros 1 2 Ralls. Boston and Albany 85 Boston Klevated 60 61 Boston Maine Com 12 13 Chicago Junction 125 Maine Central 4 Nor of 50 74 Old Colony 85 Vermont Mass 61 75 Mining Storks. Bonama 10 Hancock 10c 50c Isle Royal 75c II La Salle 30c 63o New River 1 Niplsaing 37 75 0.1lbfcy 10c 80c Old Dominion 60c $1 Shannon 5c 25c Utah Apex 45c 55c Utah Metals 21c 25c Fraser Companies, ReorganizingOpposed Montreal, July 11. (AP.) Opposition to the proposed plan of reorganization of the Fraser Companies, and its subsidiary the Ues-tigouche Company, was voiced today at a meeting of holders of 6 per cent three-year convertible collateral trust gold notes of the Fraser company. It was decided to seek support of, or secure proxies for $250,000 or over, which will be sufficient to block the proposed plan when it comes up at the meeting to be held.

Business Much Better Plant Goes on Full Time Moundsville, W. July 11. (AP.) Full resumption of operations at the S. Stamping Company enamel works here next Monday was announced today by F. S.

Earnshaw, plant manager. "Business is much better, and I believe the move is Justified," Earn-shaw eaid. Some departments will resume late this week. The plant has been operating on a part-time basis for several months. Arrest Securities 8eleman.

New Haven, July II. J. Weissman. of West Haven, was arrested today on a charge of selling securities without a license. His case was continued until Thursday tn City Court, The gold resolution, aaopiea oy unanimous vote of the board of directors, took on added significance because it came on the heels of the Lausanne agreement virtually ending reparations which was signed last week.

The resolution declared that to restore economic normality it will be necessary for that agreement to be followed by "a satisfactory solution of the war debts." This phrase. It was explained subsequently, was not aimed at the United States alone. Best Monetary Mechanism. Gold, the resolution, said, Is the "best available monetary mechanism and best suited to make possible a free flow of the world's trade." Measures to reestablish the gold standard should be prepared, the resolution said, and the directors decreed that the World Bank act as a common agency In the task of monetary reconstruction, which will begin at the projected world economic conference, to which the United States will be Invited. "Realization of these measures," the directors resolved, "depends first on action by the governments.

Without that it Is beyond the power of the central banks." For the mechanism of International payments to operate satisfactorily, It will be necessary, the resolution said, "to restore to a reasonable degree the freedom of goods, services and capital; to complete the solution of reparations reached at Lausanne by a satisfactory solution of the war debts, and to take the necessary steps In each country to restore and maintain the equilibrium of International economy, not enly as regards the public revenue and expenditure, but also as regards production costs and the organization of the internal money and capital markets. Gates W. Mrrarrah. the American head of the World Bank, was authorised to follow up the resolution. Text of Resolution.

Following is the text of the resolution calling for the return of the gold standard. The board of the bank for International settlement, recognizing that to faciliate lnternationsl tet-tlement under the best conditions of stability and security It Is necessary to reestablish a monetary system reposing on a common basis, unanimously declares its judgment that the gold standard regime remains the monetary mechanism which best meet this necessity because it is the most appropriate to assure the free movement of world commerce and international finance operations. It believes it Is desirable to prepare steps for adopting oil measures necessary for reestablishmcnt of the opera! ion of the gold standard amon? nations. To make this return possible, the board deems necessary the preliminary adoption of measures calculated to restabllsh equilibrium in the economic structure and the financial structure of various countries by means of international cooperation and national efforts, ReaU With Government. The putting Into practice of thse measures seems to depend In the first place upon the action of gov-eminent, and If this is lacking these -measures are outside the power of the central banks.

To permit the machinery cf the International balance of payments to function anew satisfactorily, It is necessary to reestablish a reasonable degree of liberty in the movement of merchandises, the exchange of tervices and the possibilities lor the circulation of capital; to complete the solution which the negotiators have reached at Lausanne on the problem of reparations in giving equally satisfactory solution to the problem of war debts; and to endeavor to secure in each country the reestablishment and maintenance of internal equilibrium, simultaneously for budgets, cost prices NOW IS THE TIME TO INSURE NOT AFTER THE FIRE I ALLEN, RUSSELL 6-ALLEN 31 LEWIS STREET SOLE FOR HARTFORD Lout on or about April 1, la2, fiv eoupon t22 50 each, si 13. due Aprj 1, li2. attached from bond of th Pcacfyrvasla Railroad Companj forty )ar 4.H lu ariaturing 174, bond r.umtTed to 40754 eark coupoa numbered 4. Addm 3S7 C.llraIl Chicago THE ASSOCIATED PRESS. Followlnir Is th complM official list of transactions In stocks on ths Chicago Stock Exchange Sales High Low Last 200 Bore-Warner 4 80 Brown FW Hi Hi 1 900 Canal Constr 52M, 52 10 Cent III 8 pf 28 28 i8 M0 Cent Ind pf 2 2 2 100 Cent Pub Sr A 10 Cent So West 6 6 100 Chi Invest pf 9 i 600 Cities Serv 2 Hi 2 RM Com'wlth Ed 49'4 6t 200 Cont Chi pf 8 350 Cord Corp 24 3 2ft 100 Lakes Drsds 6 BO OrlKihy-Grun 100 Hall Print 4 4V 'k SO Hormsl ft Co 11 11 400 Llbbv-McNell 1'4 1'i It 100 Lynch Corp 10 10H 100 Marshall Fitfd 3 3 3'i.

10 McCord Rad. A. 1 11 10.10 Mid West Ut 4 80 Midland United 2M) Nat Kl Pow A 4 800 Nat eec Ine pf 38 3 2 400 Nat Terminals. 200 Public Snip. 34 32 32 10 do 6 pf 1 SI 81 270 Quaker Oots 6T 014 80 Rollins Hos 7 80 Banuamo El 6 8 5 4100 Swift Co ,.12 12 3100 Swift Int'l 21 20 21 8(1 U8 Gypsum 12 12 3O0 IHII St Ind pf 2 2 2 100 Vortex- Cup A 18 18 15 400 Walgreen 0 JH SO Ward Mont A 2T 26 27 Bunds.

2OO0 Chlc Cty 8 27 3d 3 3 2000 Chlc 5 27 ctfs 40 40 40 Stock sales 1T.O0; bond sale 4O00. Kx-dlvldend: ex first sals sines ex-dlvldend date or dates: xr x-rlghts a plus extras; Including extras; paid last year; payable In stock; paid so far this year; cash or stock. District to Pay City About $1000 For Work The quarterly bill assessed by the City of Hartford against the Metropolitan District for work performed by the Street and Engineering departments of the city government during the period from April 1 to June 30 calls for the payment of approximately $1000. Figures filed at the office of City Treasurer George H. Gabb by those two city departments form the basis of the bill which will be sent to the District.

The amount due for Street Department work is $657.37. The statement of the Engineering Department notes a bill of $342.50. of which $199.70 is for work for the Bureau of Public Works and $142.80 is for work for the Regional Planning Commission. The combined total of the two departmental bills is $999.87 The Money Market Boston, July 11. AP.) Bank balances exchanges 000.000.

Washington. July 11. (AP.) reasurv receipts for July 8 were expenditures balance, $324,209,351. Customs duties for eight days of July were $3,807,057.95. London Money Market Londoi July 11.

CAP.) Consols for montv 7 7-8; De Beers Rand Mines 3(1-2; money 1-2. Discount rates fort bills 15-18 to three month frills 1 per cent. Building construction in France is lucres imp. Weekly Industrial Directory Crushed Trap Rock delivered to An Parts of Hartford and Surrounding Towns Quarry at Newlngton Bins at 173 State fit. Tel.

3-6149 The Edward Balf Co. Telephone 3-flHO S-614 BRUSHES FOR ALL USES Personal, Household, Industrial The Fuller Brush Company Hartford, Conn..