The Brooklyn Daily Eagle from Brooklyn, New York on January 13, 1942 · Page 17
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The Brooklyn Daily Eagle from Brooklyn, New York · Page 17

Brooklyn, New York
Issue Date:
Tuesday, January 13, 1942
Page 17
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Today's Market Metals and Rails Arc Leaders in Strength Averages Compttti ly Dow-Jonu INDUSTRIALS 1941 High, 13349; 1941 Low, 106.59 11 t.m. Urn. 1 p.m. 111.31 .96 111.23 St 111.30 Jti t p.m. pjn. 111.87 S2 RAILROADS 1941 High, 30.88; 1941 Low, UU II b.du 11 m. 1 p.m. 28.06 .17 28.11 22 28.08 49 p Jti 28.11 3.2 UTILITIES 1941 Blfh, 20.(5; 1941 Low, 13.51 11 a.m. 12 m. 1 pjn. 14.S5 .01 14.51 .03 14.50 .04 2 p.m. S p.m. 14.52 .02 "See later edition for close. The stock market moved higher today In somewhat more active .trading under the leadership of the metal and rail shares. Gains ranged from fractions to around three points in some of the special Issues. Besides Interest in the metal there was a good demand In selected rubbers, oils and chemicals during; the session. Metals took over the leadership In response to the announcement by Federal Administrator Jesse Jone that attractive premiums would be paid by the Government for output of copper, lead and zinc In excess of the 1941 volume. Phelps and Anaconda were outstanding in the trading, rising substantially. American Zinc was also up a point, fit. Joseph Lead spurted three full points. A long list of coppers were up at least a point. In the rails, a number were near their T941-42 highs, including Gulf, Mobile preferred and Atchison common. Southern Pacific and Atlantic Coast Line also displayed strength. Sugars came in for attention, and rubbers were prominent on the upside. U. S. Rubber, Goodrich and Goodyear each gained a point or more at the best. Similar improvement was 6hown by Dow Chemical, Du Pont, West-lnghouse Electric, Standard Oil of N. J. and Coca Cola. Elsewhere gains generally were limited to fractions. Domestic corporate bonds edged higher today in quiet trading. Gains were most marked in the medium-priced rails, which advanced as much as a point. Higher-priced rails held steady. Third Avenue Railway issues continued strong, with large fractional gains in some of the obligations. Hudson and Manhattan Railroad adjustment income 5s likewise showed a continuation of the improved trend developed yesterday. In the Industrials, steel ' company loans were firm. Trading in the Treasury list was light and prices disclosed little real change. The foreign list was without special feature. OROOKLWJ EAGLE FINANCIAL TUESDAY, JANUARY 13, 1942 Bankers Discuss War Financing Here Today Aldrich and Rentschler Stress Necessity Of Careful Action to Prevent Inflation Direct bank financing of armament Industry and defense bond financing of war expenditures can reduce the inflationary dangers inherent In America's multi-billion-dollar victory program, heads of the nation's two largest commercial banks asserted here today. The recommendations were pro pounds at stockholder meetings Civilian Radio Output to End Industry Will Switch To Government Orders Washington, Jan. 13 Next two or three months should find the radio Industry almost completely out of civilian production and well on the way toward war production at the rate of mors than $1,000,- 000,000 annually. War production plans for the radio industry are being completed in the Office of Production Management and the War Department. According to officials, the Industry will get orders for "considerably" more than $1,000,000,000 for Army and Navy equipment. The chances are that orders will continue upward for the year 1942 as plans for the great offensive in 1943 art developed. Radios for the civilian population will be tapered off less drastically than was the case In automobiles, officials said, but ultimately all the facilities of the industry, plus some outside industries, will be working entirely on Government radio contracts. Normally the radio industry's volume of business Is around $500,-000.000. officials said. In doing more than $1,000,000,000 work annually, they explained, the profits won't be as.great on a dollar percentage basis but there will be greater total profits volume under the war orders than was the case during normal business. U. S. TREASURY BONDS (in Dollari and Ttiirty-Steondt of Dollar) Bales In 11.000 High Low last Tr3'4s 45-43 5 104.14 104.14 104.14 Tr3's 52-49 1 110.16 110.16 110.18 Tc2 54-52 5 104 104 104' Tr2'is 58-58 5 1 02.23 102.23 1 02.23 Nadler Says Farm Bloc Real Inflation Danger "The only real danger of Inflation emanates from pressure groups, particularly from the farm bloc which had thought through artificial means to increase prices of agricultural commodities,'' declared Dr. Marcus Nadler, professor of finance of New York University, speaking before the New York State Society of Certified Public Accountants at the Waldorf-Astoria, Manhattan, last night. by Winthrop W. Aldrich, chairman of the board of the Chase National Bank, and by Gordon S. Rentschler, chairman of the board of the National City Bank of New York. The banks are first and second respectively, In world ranking among private institutions. Inflationary AipecU Aldrich told his stockholders that while bank purchases of Treasury obligations and granting of credit to war Industries serve the same purpose of promoting the American war effort, "they are quite different In their economlo effects on the country." "Reliance upon commercial bank credit to finance war expenditures tends to bring about inflation, whereas the use of bank credit to finance industry diminishes the chances of inflation," he said. Aldrich pointed out that credit used to finance war industries does not remain outstanding, but is retired eventually from the proceeds of taxes and Government loans. Defense Bond Sale Rentschler'a statement to stockholders emphasized the extent of National City's participation in the defense bond program. He reported that customers and employes of the bank and its trust company af filiateCity Bank Farmers Trust Company have bought more than $80,000,000 of these bonds. In addition, he said, customers have bought "substantial amounts" of tax anticipation notes and defense savings stamps. Aldrich reported that Chase had net earnings in 1941 of $14,518,000 or $1.96 per share, compared with $13,550,000 or $1.83 per share in 1940. Rentschler reported current net earnings of National City for the year of $11,315,159 against $11,457,-351 in the previous year. Retire Curb Membership Arrangements have been completed for the purchase and retirement of the New York Curb Exchange membership f Clifford T. Barton for $1,000, it was announced today. This will be the 28th membership retired by the Exchangs under terms of the plan of retirement approved by the membership last July. Life Insurance Policies Held By 66 Millions Johnson Reports Gain For 1941 With Totals Now at Record Volume The opening of 1942 finds 68,-000,000 Americans owning life Insurance policies after an eventful year featured by many important actions taken to protect policyholders' Interests and to further Improve the functioning of the business, Holgar J. Johnson, president of the Institute of Life Insurance, stated in his year-end review of life Insurance. Life insurance management, with a background of experience in meeting the crises precipitated by the four wars and seven depressions in which this country has been Involved during the 100-year history of the business, and with a record of not only guiding the institution safely through these emergencies, but with Increased strength, has pledged energetic support to President Roosevelt in aiding the nation's war effort. One of the direct ways in which life insurance contributes to the war effort la through investment of its funds being held for policyholders for future claim payments. At the close of 1941 the life insurance companies had $6,400,000,000 of their funds Invested in Government bonds, a new record high and an Increase of $350,000,000 over 1940. Insurance at New Peak With the upturn in employment and payrolls, Americans increased their total life insurance protection In 1941 to a new peak of $124,000,-000,000. This bulwark of family security, which will help sustain nation?.! morale during the war emer gency, is five times the total in force in 1917 at the time of the last war crisis in this country. Benefit payments under death claims approximated one billion dollars during 1941, and in addition living policyholders received approximately $1,500,000,000 In the form of matured endowment payments, annuities, disability income, emergency cash from policy reserves and policy dividends. Continuation of the record low rate of return on Investments resulted in the first step by some companies towards a reduction in the guaranteed interest base for life insurance policies to 2'4 percent from the old 3 or 3'4 percent base. This new Interest base, however, will apply only to new policies being issued. Life insurance companies' annual earnings on investments are today running more than $400,000,000 less than they would on the basis of earning rates of a decade ago. Low interest earnings have necessitated dividend reductions in many Instances. War Forces Closing Of Ciro's in Hollywood No More Movie Stars, No More Tourists, So Expensive Bistro Gives Up the Ghost Hollywood, Jan. 13 CUR) Ciro's, the plus-lined hot spot of the molve stars and perhaps America's most expensive night club, shut its silver-plated doors today because to quote the proprietor the erstwhile customers have packed their ermines away and gone Into mourning over Pearl Harbor. "The tourists used to come to see the picture actors," reported William B. Wllkerson, the owner, "now there aren't any tourists. They've been scared away by the wild-eyed rumors about air raids in Hollywood. Either that or they're afraid to use up their automobile tires. "And there aren't any movie stars in the night spots, anyhow. They all seem to have gone into mourning over Pearl Harbor. They don't seem to think it's right any more to go out and spend their money enjoying themselves. Nor have the new Income taxes helped their state of mind." Since Dec. 7, Wllkerson said, the burgundy-satin walls have echoed to the footfalls of lonesome waiters, while his chartreuse-silk chairs have been occupied only occasionally by customers paying $3.50 for dinner, $2.00 for the privilege of sitting down, and 75 cents and up, mostly up. for drinks. The only loyal fans have been the autograph seekers, who crowded round the front door, night after night, looking In vain for the La-mours, the Turners, the GarJands, the Sherldans and all the other picture beauties who for two years spent more time in Ciro's than they ever did In libraries. "But what haappened to us Is only an example," Wllkerson said. "Since the Japs attacked Pearl Harbor, 61 night clubs in this territory have shut down." BULLETINS SELECTED STOCKS . 1041 High 2 . stockt ind Dividends Low In Dollar! Salrl in 100s High Low 36" 30 Kannleott li 37!. 3 Net Clfisi Owe 3-', V Total estimated stock sales, 670,000 11 V4 18'i LockhMd Airs 3b- 14 231. 32', 23U '., -M- -l 141-2 . Stocks and Dividends Bates Net Hih Low in Dollare In 1001 Hlgn Low Close Clue. 45 34H Air Reduction la - 37 36',. 3i 38". v( 11V. 7M. Am Loco- 10 91. 10 V. I'i 3 Am Rad St 88 ,80t 10 4. 4i 4s 15 Am Roll WU 1.40 34 13 11S 11'. V, 48H 33s Am Smllt 2 25 43',. 42 42'. 28" 15 Am 8tl fdri 2b 21 30s 19i 20'.. 188"4 118','s Am T ft T 20 12SV. 128 128 1 SV Am Water W 2 3 3 3 30 33 Anaconda 3b 112 28" 27 2S'i l'i 31, 18 Atchison Id 57 31'; 30 31" Vt 28"! 13 'i Atl C Lin lb 18 25'. 24H 24 28 V. 19". At L Refining la 37 31'j 21 21'i t't as Aviation Corp ,15b- 4 3 4 V. 19 10V. Bald Loco CI 10 14 14 14'i Vi 5 2 Bait ft Ohio 9 4 4 -4 10 7 Barnadall .80 8 10 9', 10 89 SlHBeth Bteel 8b 40 80". 64 68',. 1 24. 12 Boelnl Air - 20 19 18 19 31 18 V Borden 1.40 18 20 20". 20 H 14 V. 1 Bkljrn O Oat 1 8 S 33'. 39 6 18'. 19 7 11 15',' 24 17 17 10 10 2 Marine Mid .10d 8 3 20 Martin Olenn 3b 7 25 24 Mont Ward 2 38 27 N 3 Nash Kelv. .37 '4 b-13 V. Nat Biscuit 1.60 12 Nat Lead ,0a 2 Nat Pwr ft Lt .48b 8 Newport lnd .780- 7 NY Central 8 NYC Omnibus 2b 9 No Amer 1.20a 10 No Am At 2b -3 No Paelfia 11 7 10 30 11 118 23 38 6 8ti 3 15 IS 3 10 9 15 10 13 3 34 27',. 3 15 18 3 10 8 14 10 13 6 i Ohio Oil Mb Omnibus 30b 28 63 6 8 7 Vs 3 28 27 3 1S 16 3 10 9 14 10 13 e 7 5- 8 44 73 108 4 11 37 11 II 23 23 23 6 40 37 86 8 10 14 6 23 164 1 Can Faclfle 31 CbetftOnlo3s 1 Chrysler So 70 Ceco-Cola 3a 1 colum Gas .10b 16 Com credit 1 19 CoralnvTr3 7 Com Solvents ,85b- Comwlth ft So 11 Cons Edison 1 80b 18 Cons Air 4b 11 Comwlth Idls .45d 6 Cons Oil .SO 31 Cont can 2to 2 Cont Mot .10b 17 Cont Oil Del 1 42 Corn Prod 3 3 Cub-Am-Sus 6 Curtis wr lb 16 4'i 4 4 39 36 35 36 ! 29 48 47 48 1 4 76 76 76 1 27 1 1 1 j 7 17 17 17 Vis 14 23 22 22 ! 3 9 9 9 17 8-16 8-33 8-321-33 12 23 22 23 27 19 19 19 22 13 13 13 , 38 8 5 5 8 24 24 24 : 7 3 3 3 j 18 22 20 22 l'j ! 55 55 55 i 24 8 7 8 I 26 8 8 8 ! -D- 8 Del ft Hudson 2 D Lao ft W 18 Det Idleon .38d -133 Du Pont 7b 13 14 12 8". 4 17 9 4 17 13 136 134 9 4 17 136 17 4 7 10 Use Boat .90b Elect Pwr ft 2 Brie et wl a 3 192 12 IV. 8 12 1 5 12 1 5 37 16 TaJardo But 3 6- 63 2B 27 28'. 38 1 48 31 30 36 14 10 10 11 57 13 31 20 3 34 Oen EaeHle 1.40 - 87 38 Oen O ft A 10 1 38 Oen Motors J0 89 32 11 Goodrich 2b - . 33 15 10 Ooodjear ib 37 127't 18 Ot North pf 3b 30 24 9 Greyhound CD la 30 12 4 ni Central - 4 7 3Intrcon Rub .40 16 8 6 Interlake Ir 78b 84 7 42 V. Int Harvester a 35 47 8 ln M Marina 1 11 23 Int Nickel 1 21 27 10 Int P ft P 19 15 IV. IntTftT 130 S 27 1 32 14 11 23 12 7 7 48 11 37 14 2 28". 1 32 15 12 24 12 7 9 7 47 11 15V. 2 4 3 16 20 25 V. 30 3S 46 V. 29 39 13 4 22 34 V. 23 17 78 18 10 26 14 18 36 39. 6 38 34 46 6 26 48 11 79 88 44 1 30 10 38 70 6 31 106 34 1 Pac Tin Cons .70b 1 Packard 10b 10 Paramt Pic 90b 6 Patino Mines 2.15b 11 Penn R R 2b 14 Pepil-cola 2b 23 Phelpi Dode 1 b 35 Phillips Pet 2a 1 1 Pub 8rv 1 95b 19 Pullman la 7 Pnr OH 80b 2' , Radio .20d 14 V. Republic 8tl 2b 22 Rem Tob B 2 23 2 1 I'a 11 2 2 2 Vs 24 15 14 IS 66 19 18 19 IV. 63 22 22 23 19 18 18 18 103 32 31 33 2 28 39 38 38 1 12 13 13 13 6 25 36". 35 40 8 3 ST. 2 48 18 18 18 S 26 26 26',. 12 Savaie Arm! 2o 7 19 8 Schenlf Dist lb 8 1.1 49' j Sears Roebuck 3a 17 54 10 Shell Un Oil lb 11 13 7 Socony Vacuum SO 60 7 13 80 For R Sua J25d 13 25 8 Bomb Pacllio 91 13 11 South Rt 25 17 19 8outh Ry pf 25 34 37SP!rrr Corp 2b 10 30 3 8td Brands 40a 23 5 17 Stand Oil Cal la 32 20 24 etd Oil lnd 1 31 26 33 Stand On N J la 48 40 3 Studebaker 8 4 19 Swift ft CO 1.20a 13 34 T 34 Teaai Co 3a 48 37 9 Tide Water Oil 60a 6 10 -u- 60 Union Carb ,76a 87 i.i Union Pac 8 38 Un Atroralt 4b United Corp 13 V. United CP P 75b 4 Un Oas Imp .766- 13 U 8 Rubber 2b I 47 US Steel 4b w- 2 Warner Bros - 18 West Union 2b 71 Westlns Bl 8b -33 Woolwortb. 2b 72 71 34 V, 15 6 17 56 V. 18 18 53 12 7 25 12 17 33 29 8 20 26 V. 39 4 24 3 69 70 33 19 15 54 13 7 25 13 17 34 30 S 20 28 40 4 34 37 10 72 71 34 1 9-'.0 11-32 17 18 11 8 35 79 37 14 8". 16 54 t 24 78 37 14 V, 8 17 1 55 V. IV. 5 V. 25 79 1 27 Brownell Heads $35,000 Drive of Salvation Army George A. Brownell, partner In the law firm of Davis, Polk. Ward-well, Gardiner & Reid, today accepted the chairmanship of Salvation Army drive for $375,000 for maintenance of the organization's 58 Institutions and services In the city, Walbrldge 8. Taft, chairman of the group's Oreater New York Advisory Board, announced. The campaign is necessary, the announcement explained, to fill out the Salvation Army budget of $1,-813,826.68 for the city in 1942, most of -which Is earried by the organization and received in earnings on endowments and Income from spe cial sources. The city organization, Mr. Taft said, is practically self-supporting. Organization Is under way for the drive which will begin on Feb. 17. It Is expected to close on March 26. All funds raised will be used In the city, it was said. Nazis Forced to File 'Potato Questionnaire' All Germans in the Reich had to file "potato questionnaires," stating their Individual potato holdings, today, the "Radio Transmitter of the German Revolution," an anti-Nazi Freedom Station In Germany, reported In a broadcast heard by N. B. C. The potato questionnaires had to be filled out by all citizens "upon their oath and honor," the Freedom Station said. MEETING NOTICES THE ANNUAL, MEETING OF" THE Stnrkholrt.Ta of ATLANTIC BASIN IRON WORKS of the Bnroii.'h of Brooklyn. City of New Turk. County of Kinss, State of New York, for the election of directors for thfl envilnE year and transaction of such other business as may properly come IWor me meenne:, wm ne neia in tn orricc of the said Company, in Borouch, of Brooklyn. City of Mo WEDNESDAY, JANUARY 21t, York 2Ul. 1942 at twelv o'clock noon. Dated, at the Borouuh nf Brooklyn. City of New York. County of Kinus. 8tat of New York. December 23rd. 1841. GEORGE R. MILLER, Secretary. Ja6-2t Tu 17 10 Yellow Tr .288 42 29 Youns Shut 3b Dividend footnote: a-PIus extrs on accumniflifd dividends. d-Drcl no regular raie. e-Ca.'h or slot. 12 38 38 13 38 37 h-PVrt !: O rr ' urd oi .i;rl so in 13 NOTICE OF ANNUAL MEETTNU. Notlc It hereby tlven that the annual meeting- of the member of the CALEDONIAN HOSPITAL OF THE CITY OP NEW YORK will be nId at The hospital, 1S3 Parknide, Avenue rvooklyn, N. Y., on the evening oi WEDNESDAY. JANUARY 21t. 1942. 'i 8 o'clock, for the, purpose of elect -r Direct n". and to transact such i i.t'ii. i .nay properly comi i in- i i m. CHARI.Ka y. GAKLICHS, Secretary. Canarsie Building Owners Lose Suit Against Moses After listening to testimony for four days, Supreme Court Justice Hcrry O. Wenzel Jr. In Brooklyn today tossed out a 1293,000 suit brought against Park. Commssioner Moses and the city by the Boardwalk Stores Corporation. The latter corporation claimed that contractors employed by Commissioner Moses on Dec. 5, 1938. destroyed 38 amusement buildings in Golden City Park, Canarsie, now occupied by the Belt Parkway. Former Corporation Counsel Arthur J. W. Hilly, said the city had bought the land uut not the buildings and had given a temporary lease, pending removal of the merry-go-around, shotoing galleries and other structures, to a new site. Acting Corporation Counsel Julius Isaacs, representing the city, showed that the corporation was given ample opportunity, after its lease expired, to remov the buildings but did nothing about lt. A Jury listened to the testimony but was not required to submit a verdict. The sum sued for represented three time tht value of the buildings. Continued from page 1 TWO BROTHERS NABBED IN ASSAULT ON COPS Two brothers accused of attacking; a pair of radio patrolmen trying to stop a fight, today were being held In bail pending hearings on assault charges Jan. 20 In Coney Island Court. William Burnside, 24, of 2018 Voorhies Ave., alleged to have yanked out a handful of Patrolman Jake Abraham's hair, was held in $1,000 bail yesterday on two charges of assault, while his brother, Thomas, of 2758 E. 26th St., was held in S500 bail. A third defendant paid a $2 fine for disorderly conduct. He is Frank McKnight, 30, of 3047 Emmons Ave. KITCHEN BLAZE SEARS BORO WOMAN'S HANDS Mrs. Marjorie Dozier, 42, was recovering today from second degree burns of both hands sustained yesterday in a fire in her home at 2571 E. 28th St. The fire was confined to the kitchen, but damage was considerable. TRAVEL BAN LIFTED FOR GERMAN MIDGET Friedrich (Freddy) Retter, 42-year-old 42-inch midget, of 29-22 163d St., Flushing, will make a tour of the mid-West despite the fact that he is a German alien. Vouching for Retter as a person of good character, his stage partner, Jeane Labarbere, 35, an American citizen and only 36 inches tall, yesterday persuaded Federal Attorney Harold M. Kennedy to grant him the necessary permission to travel. 2 HELD FOR TRIAL IN ALLEGED BANKRUPTCY FRAUD Benjamin Sholder, 41, of 1092 Newport St., and Jacob Luskin, 45, of 637 E. 93d St., were at liberty in $2,000 and $500 bail, respectively, today pending trial Feb. 4 on charges of converting $3,000 of assets in the bankruptcy of the Watkins Candy Company. They were arraigned yesterday before Federal Judge Abruzzo. BEN FRANKLIN, 'ENEMY' INDIAN DON OLIVE DRAB Camp Upton, Jan. 13 Benjamin Franklin and an Indian who says his tribe still is at war with the United States today are prepared to fight side by side against Axis tyranny. Ben Frankln, 50, of 35 W. 75th St., Manhattan, a World War cavalry veteran, hopes to be assigned to the same branch of service again. William Perry Gray, 19-year-old Rappahannock Indian, explains that his tribe's "war" with Uncle Sam is attributable to "an oversight and, anyway, we are facing a common enemy now." Gray was born in Manhattan, attended Newport, R. I., public schools, and recently has been living near the Shlnnecock Indian Reservation at Southampton. COURT TELLS EMBEZZLER TO GET JOB George E. Sexton, former teller in the Flushing Branch of the Bank of the Manhattan Company, doesn't have to worry too much about getting a jail term, although he pleaded guilty to embezzlement of $1,000 of bank funds and falsification of bank records. Arraigned yesterday before Federal Judge Matthew T. Abruzzo in Brooklyn, Sexton, father of two children, said full restitution has been made to the bank. Judge Abruzzo told him to try to find a job before Jan. 23, the date set for sentence. MAIONE, ABBANDANDO TO DIE FEB. 19 Ossining, Jan. 13 Harry (Happy) Maione and Frank (the Dasher) Abbandando, convicted Brooklyn "Murder for Money" gangsters, will die in the electric chair Feb. 19. Their conviction has been upheld by the Court of Appeals. Albany Blackout Reminds Courl Aide Albany Gels Bill Of L I. Hurricane 'To Outlaw Racket 17 Assemblyman Finds That 'It's Like Being Inside a Coffin' In Bail Bonds Fir! Burtiv. Cltol Build:nr. Albany, Jan. 13 Scores of Brook-lynltes know for the first time today what the experiences and sensations of a grand-scale blackout are like. "It reminded me," said one, "of the time the hurricane swept Long Island and the power lines were disrupted." Another said: "It's like being Inside a coffin." Others told of standing stock still in darkened Capitol offices and corridors in order to avoid bruised shins as the penalty for attempting to walk about during the blackout, and still others related efforts to finish dinner they were eating when the sirens sounded. In common with Governor Lehman, Mrs. Lehman and high State and Albany's municipal officials, every Brooklynite here, including the Senate and Assembly delegations, legislative employes and visitors, went through last night's Capitol area and agreed that a blackout Is something which must be experienced to be understood. Out of the experience came two concrete declarations. Senator James J. Crawford, who said the inside of the Capitol literally became "black as night," said he would introduce a measure doubling penalties for crimes committed during blackouts. Assemblyman Lewis W. Olliffe said; "This should be a good lesson to us at home. We ought to have practice blackouts and the sooner the better." It was Olliffe who observed that to be caught in a blackout without a flashlight was "like being inside a coffin. ' The hurricane compan-, son was made by John Lynch, ' Brooklyn court secretary and Sum- ' mer resident of Long Beach. Lynch and others watched the i blackout from a hotel roof. Asscm- ' blymen Eugene F. Bannigan and ! John R. Starkey were in their hotel j rooms when the alert sounded. Thev ' raced down the hotel corridor and watched from a fire escape. Governor Lehman, Mrs. Lehman and State officials, liieluriint j Nathan R. Sobel of Brooklyn, the j Governor's counsel, viewed the trial from a 31st floor balcony of the State office building. The blackout covered two counties, five cities, 17 townships and 76 j villages. j ARMY BEGINS INQUIRY ON ALASKAN SHIP FIRE Washington, Jan. 13 d'.B The War Department today was Investigating the loss of the 7.314-ton Army transport Clevedon in Alaskan waters but there was no indication that enemy action was involved. The department said In a com munique that the vessel was de. Court Consolidation Measure Before Legislature Today Cfcpitol Bullrltnr Albany, Jan. 13 A constitutional proposal cdUIn?, in part, for the abolition of the Kings County Court and transfer of Its Jurisdiction to the Supreme Court was before the Legislature today. The measure, which would require approval by the current session of the Legislature as well as next year's before lt could be submitted to the voters at a referendum, was sponsored by Senator Benjamin F. Feinberg, chairman of the Senate Judiciary Committee. The proposed amendment would make general changes in the St ate's Judicial system. The county courts, which exercise criminal jurisdiction in Kings. Queens, the Bronx and Richmond Counties, and New York County's Court of General Sessions, as they now exist, would be wiped out. Their functions, together with Judges now In office, would .be transferred to the Supreme Court. The measure provides also for setting up an alternative method for removal of Judges by the Court of Appeals and assigns administrative controls over the lower court, except the Surrogate's Courts, to the Appellate Division. Legislation Would Cut 'Lifeline' of Criminals, Bondsmen, Gutman Says By JOSEPH H. KCHM ALACKER Albany, Jan. 13 Drastic legislation to outlaw the bail bond racket was Introduced today by Senator Daniel Gutman iD Brooklyn) with the declaration that the measure. If enacted, would "cut the lifeline between organized crime and profe.vlonal bondsmen." He announced that he wasspori-rorir.g the legislation at the request of Attorney General Bennett and Assistant Attorney General Amen and upon the recommendation of the extraordinary grsnd Jury which investigated the racket in Brooklyn. A salient feature of the proposed statute is that lt would compel profe.ssional bondsmen to bare the sources of their premiums. The bondsmen would be obliged to appear before a prand Jury and waive immunitv. when requested, under penalty of having their licenses revoked. Senator Gurman announced the legislation will be co-sponsored by Assemblyman Harry Suitor. Niagara Republican and chairman of the Assembly Codes Committee O'her provisions of the ieg;slation would 1. L?Uze official lists of undestr able bondsmen. 2. Require the assessed valuation of real estate, when offered as surety, to be at least twice the amount of the bond. 3. Permit the police to fix bail for violations of municipal ordlnancej when magistrates are not available. 4. Exclude certain types of offenses for which the police would be barred from fixing bail. "I believe this legislation. If passed, will go a long way toward eliminating organized crime." Senator Gutman said. "It would. I believe, cut the lifeline between organized crime and professional bondsmen and enable our grand juries to find out who is behind a criminal when he is arrested and released through the swift production of ball." The investigation conducted by Amen and the grand jury resulted in the forced resignations of more ! than a score of police sergeanU, lieutenants and captains. L I. Tests Traffic Light for Blackout Special to the Brooklyn lag'e Mmeola. Jan. 13 A new type A traffic light, equipped for special blackout use. has been successfully tested by county police at the intersection of Franklin Ave. and Old Country Road here. The lens surface of the new light is reduced by a metal cover. Inspector rrank E. McCahill warned today that the illumination of the signal will be further reduced by a lessening of line voltage, so that slower approaches to traffic lights may be required. LEGAL NOTICE8 1H41 . OF THE STATE or BANKRUPTCY NOTICES ICR IS HEREBY Ot Dc. 4, 1911. KRKti C. IRWIV. JIVEM THAT Individually and formerly at ni''rt:h. of f,rm and copaitniT'hip of IP WIN MnTVI.MSKI. a. adjudiratpd, hank-nipt, and that the flrat mtiriit of i "1-Itors will r hell at the Pout Qffi- Btiildinr. 209. Brooklyn. N. Y . on Jan. 22. 11U2. at 10 an a.m.. at wh 'h time the creditor mav attend, prove their clalma. appoint a truatee. examine the bankrupt, and tranaar-t auch stroyed "by fire" and that the cause i "'dlnm "nemty roptTy com bfore EUGENIC t . O CONNOR JR.. Referee. ne nena ar jaw ana nxt diVrihuteee of id SilMr; deceased whr.? namea, pu nVn.'-1 and po?t office ad of the fire is being investigated The language did not suggest that Japanese hostile aciion was responsible for the loss of the vessel, a combination pa.s.'-enger and freight ship. The ship and its cargo were a total loss but all personnel was sale. FORECLOSURES SUPREME COUHT. KINGd COUNTY -.liiSKt'H MARTn.N' plaint iff. t, HARRY KRAMKR. el al defendant. Pursuant to ju'ltfmnl herein. dat.'d January 3rd. 1912. I will aell it puhllr auctmn. bv M. J. REII.I.Y. auctioneer, at rirooktvn Real Ealate Exchange. 19 MnnUKiie Street. B'klyn. N. Y.. on the 30th day of January, 1942, at 12 00 o'clock nnun, the murtnaned premises in Brooklyn. N. Y.. t.cninnina- at a point on the southerly pide of Campua Place. ISO feet west of Hemlock Str eet ; thence southerly parallel with Hemlock Street M feet 9". Inchei: thence weaterlv at riKht aniilea to Crescent Street 20 feet Inch: thence northerly parallel with Hemlock Street S7 fret 11 Inches to southerly sole or Campua Place; thence easterly alone Campus Place 20 feet to point of beinnin. Dated, January Srh. 1942. PaVL J. noNWET.r.Y. Referee. MORRIS FRIED, Tlaintiffa Attorney, 260 Broadway. Brooklyn. N. T. ja9-6t F&Tu NOTICE 13 HEREBY GIVEN THAT on Dec. SO. 1941. ROBERT EMMA was adludlcated bankrupt, una that the first meetln of creditora will he held at the Pott Office Building. It "o.ti 209. Brooklyn. N. Y.. on Jan. 22. I9r. at 10.30 a.m., at which time the creditors may attend, prove their cU ins, appoint a truatee, examine the bankrupt, and transact such bus;n--s as may properly coin befon a.d meeting. KU'JENB F. O'CONNOR JRReferee NOTICE 13 HEREBY GIVEN TH VT on Nov. 25. 1941, JACOB (IRKKN-FERG, lao known as JACK CRF.F.N-BER(i, Individually and formerly a. member of (he firm of and the partnership of GP.K.KNBERti l'tN'K-OW1TZ. was adjudicated bank'uiv. and that the first meetlns of ciednnrs will be held at the Poet Office BuiMma. Room 209. Brooklyn. N. Y.. on Jan. 22 1942. at 10 SO a.m.. at which t creditors may attend, prove their claima, appoint a trustee, examtn the i bankrupt, and transact such husin. s I as may properly coma before aaicl meeting. EUGENE F. O'CONNOR JR., Referee, File No. THB PWOPI.E NEW YORK hv Free and Independent To WILLIAM T. COWN. a I. is' cousin of deceaaed. who rrs.dea at Bui den Lake Averill Park. New York. DAVID COWAN, brother of Janet Cowan Davidson, de-ceaaerf, who was the mother of Susan Davidson, tfia testatr ix, and if the said David Cowan he dead his children. If any, which .hildren. if any. if llvlnar. would he hejrs at law and next of kin and distributees of said Susan Davidson, deeeasrd whose names places of resi-tero e and post office addressee are unknown and cannot after diligent inquiry be ascertained. JOHN COWAN, hioilier of Janet Cowan Davidson, de. censed fvho was the mother of Susan Davidson, the tejtairlx, and If the tald John Cowan he dead SUSAN COWAN and El'PHEMIA COWAN COON, children of the said John Cowan, and any other child or children of said John Cowan who if living-, would be heirs at law and next of kin and rjntrlbu-tees of said Susan Davidson, deceased whose pIhs of residence and poat office addresses art unknown and cannot after diligent Inquiry be aaeer-tainerl, ANN COWAN TAYLOR, wlfs of William Taylor and sister of Janet Cowan Davidson, deceased who was the mother of Pisan Davidson, the testatrix, and if the sa d Ann Cowan Tavior be dead her children. If any. whic'i children, if anv. if llvm would he heirs at law and next of kin and Susan Davidson. aces of rasi- ddresaea ara unknown and cannot after d!lia"nt In quiry he ce-tained BROTHEF3 AND PISTER3 OF JOHN DAVIDSON. DECEASED who was the father of Susan Dav don tha testatrix. If any the e be, if hvint. and if dead their , children. If anv there be. If livlns who would be heira at la and next of km and distributees of said Suaan Davidson, deceased, whose name places of residenee and post office adlroaei ara unknown and cannot after dtl;rnt Inquiry he aace-'tined. aia tl respective he'rs at law, next of kin. distributes, executors, administrators, legatees, devisees, husbands or wives or successors in in'eresr of any of said above named or described persons wht may be dead, whose names, residence! and post offiie addresses are unknown and cannot after dilieent inquiry ba axertamed. io all other heirs at. law and nxt of km and distributees of Susan Davidson, drasd whosa nair.e.c. pu-" nr re$onoe and post o'fice addresses are unknown and cannot after ditiaent. Inquiry ba ascertained send aree'ina WHERE a.. Fulton Trust Company of New York havm Its princibal ..ff i. f and p!o of buslne-s at No. J4J RrosdiviA . F.orouah of Manhattan. Nflw York Ci'v has presented a petltioa piivihE fo- a deeree that a certain In-snumcr!' in wntin bes'-ma date tha tenth div of October. 1940. relating to rest and personal property he. duly pioed a- the last will and Testament nf SliSVN DAVIDSON, lately roaidin at No. .IIS Hancock Street, in the Bor-ouch of Foc.oklvn, City of New York. NOW. THEREFORE, you and each of von are hereby cited to show cause before our Surrogate's court ' tha c.iun'v of Kincs to be held In Room LWA at 'he Hall of Records, In th of K'ngs. on the 2nd day of I Co'in'y why such decree, should not CHARLES ROSENBERG. Bankrupt. Notice is hereby itiven that ly order nindf Jan. 12. 1942. hv the und- t 5ined, Feb. IS. 1942. has ben fixed as the last day for the flllna' of objections to the bankrupt's discharge at the office of EUGENE F. O'CONNOR JR.. Referee in Bankruptcy. 44 Court Street. Brooklyn, New York.-Jan. 12. 1943. f li enoon he made IN TESTIMONY WHEREOF. nae oaueeo: tne seal or otir I Pea',) d Purroeate a Court to ba aftixeri. he-eimtO i WITNESS Hon. GEOKGH ALBERT WINGATE. Surro- aa'e of our said county, at the Borough of Brooklyn, in the said County. th 23rd day of December. 1941. PERCY T STAPLETON. . Cleik oi ui Surroftte's Court. d30-tt T t

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