The Journal from Meriden, Connecticut • 19

THE MERIDEN DAILY JOURNAL MERIDEN CONN THURSDAY MARCH 29 1928 NINETEEN LOCAL STOCKS Furalthed by TtUdy Hroa A Colony Did Merldaa-Wot Itjherk Loral Mf HSU vt FINANCIAL Eddy Brothers Members Hartford Stock Exchana HARTFORD ftnSSidj Hartford Com TrutBk cdony Bk Meriden Phone 310 Ryfeeck Mgr ever since this incident took place The Pennsylvania issue Is expected to sell rapidly and possibly be followed -by a New York Issue Automobile In JOB 415 Aetna Casualty 90 010 Aetna llfe 830 eSO Attn Fir 82 8JS Connecticut General 1770 3800 Hartford Fir SIO National Fir 1140 Hartford Steam Boiler 50 775 Traveler In Co 172-7 170 830 840 I-i Lit U- lillity Servlit tonnocticut Co 7 5 118 ISO Connecticut I Co ins 105 Connecticut Co fl 118 IIS Connertlcnt Power Co MO 4V Greenwich Water Ut PM 30t 103 Dress lip For Easter Pay a Little Down and a Little Each Week WE OFFER UNITED PUBLIC UTILITIES 6 PFD TO YIELD E1S 44 447 3f 70 18 74 307 fc 3 15 Hartford Elec Light Com MO Hartford Klee Light Vtc MO New Britain Cal 7u COnn tier Service 8U Rontkern New England 1S2 Tilted Illuminating 314 iVuterburjr Uas 05 Manufacturing Stocks Acme Wire 14 American Kilter 2 American Hardware 72 Arrow Electric Pfd 30-7 Bigelow Hartford Uiiilng Spencer Co 1 Bristol Ufa Com 12 Brlalol Bra 7 Pfd 35 WE OWN AND OFFER FOR INVESTMENT Stanlpv Works of New Britain long considered a leading industrial stock in Connecticut- was quoted at 53 cm the New York Curb yesterday Only a few months ago it was selling in the which shows thpt all stocks are not going up in this period of frenzied speculation In connection with the proposal of the director of the Hartford Electric Eight Company to reduce ths par value of the stock from 100 to 25 inquiries were heard in regird to what action will be taken in connection with stock that is trusted under an agreement that it shall not be fold for less than $500 While this matter has not been discussed by the directors It is ex peeled that provision' will be made to cover the new- par valuation and a new selling price will be made at $125 at least 'B Wit Are You Particular About The Store You Patroniie? Or do you simply shop anywhere and then when you find satisfaction complain You should select your store as careful as you choose your grocer or you picking only a clothing store that you can build confidence in! Find The Store You Want HERE! The Shares of Baltimore American Insurance Co Price On Application IF Fafnlr Bearing Company New Britain has received reMase on April orders for bearings placed with It by the Ford Motor Company According to officej-fi of the company the April orders show an increase of between 10 and 15 per cent over orders from Ford but still are considerably smaller than those received when the Ford plant was operating at full production on the old model automobile Decreased production by Ford up to this time is the reasoD The new model Ford car requires three sets of bearing whereas the Old required but two ti When Bowery East IUver National Bank stock jumped 250 in the i it Counter dtirket on Wednesday th roaihet worth of this atock in creased 10000000 Bank of Araeri ca leaped 80 points to a record high at 890 adding 85300000 to the market worth of the stock The advances were the market's response to the action of the (jlrectors regarding terms for the consolidation of these and also the Comnu ial Ex change Bank Included In this com blnation Is a plan for the organlza Mon of a zecurltles company The Olanninl and Bank of Italy Influence is a factor sustaining Interest in these stocks It Is a long time since financial have witnessed activity equalling this Just before the niid dir of February Bowery Fare Rfv er was about $700 bid compared wit 81500 In market Bank of America was about 00 bid Paper profits In these two stocks Ini in the middle of February it was S9J I the month and a half were 8 6844 The banks are taking rather dras tic measures to get the public out of some of the tign priced stocks with- i out arresting the forward movement It takes an enormous amount to car rj the socalled pivotal that is file giltedged stocks that are ai ways hitting the celling Every time they hit the ceiling they make a se vere dent in Wall Street's overhead The higher the price the greater the bank loans The secret cf the big break in Gen ej I Motors was whispered through out the Street yesterday Some of the I 's marked the loans down ar much as 35 to 50 points This does not necessarily mean that they are voicing disapproval of Mr llaskob's theory that etock ought to sell fifteen times its earnings Many of them agree with this theory eepec lally in the case of General Motors because yoi got to visualize the remarkable growth of its export opera lions and remember that the point oi saturation in the motor industry tteul nr nr on -jr be reached with in the territorial confine a of the United States When it is reached it probably will be somewhere In South Africa or In the South Sea Islands But that has nothing io do with the I cnee ia the question of financing I public speculation and it is gen-1 entlly agreed that if the movement is to continue- the public fancy must be! weaned away to some extent from the high ones and turned into the! direction of the low-priced ones In other words if Wall Street does not want to suffer from a severe case oi Insomnia it must turn to the sleepers That is why the brokerage houses! are taking the tip from the banks! and are gradually getting their cli i enta out of the high-priced ones and into the low-priced ones with promises and there are plenty of these Voti can look through the list and find many stocks that are yielding more than 5 per cent on their market price imd selling within the limbs ot the slender purse of the small speculator or investor as he likes to be called Ruseell Manufacturing Company Middletown i receiving releases on orders for brake and clutch lining by the Ford Motor Company To date those received lor April orders how an increase of more than 10 per rent above order in March President Macdonough Russell said I 1 RW WATKINS COMPANY 21 Lewis 8mT HATroaCii Fhono 10100 awHva -187ST8 7ju-V Otis Elevator Company earned $1218 a chare on 432181 shares of common stock in 1927 against 1358 a share on 343003 shares in 1926 Smith Girl Seekers Drain Paradise Pond Coats Dresses Styles that cannot he equalled values that are unbeatable and in all sizes for omen miss and juniors! Sec and have it TWO DIE IN FIRE Buffalo March 29 (API-Two person were burned to death when Are damaged an apartment house in Elk street today The dead are Lewi Folett 57 and James Flood 40 roomer in the building Two other persons were rescued from window ledges and four escaped from the second floor The da age was estimated at $10000 Bankers Capital Company Waterbury National Bonk Bldg 3 Northampton Mass March 29 (AIM Paradise pond adjoining the grounds of Smith college which was thought by many to contain the body of Frances St John Smith who disappeared from the college earlv in January was drained today and revealed no trace of the girl Franklin King superintendent or grounds and buildings at Smith college directed the draining of the pond which work had been prevent ed before by lee on the surface Few person were present while the work was going on the students being away on their spring vaeation Mow Teak The process of manufacturing ice was discovered by a Florida physician fir John Gorrie Dralrri in Bank Trust Title and Insurtaum Stacks 1 1 We Will Buy Sell Or Quote M-E-N Why Pay Cash For a New SUIT hen you can get better values on easy regular payments to ni I jour income at Stocks of Financial Institutions Fornlthed by Bankere' Capitol Company of Connection Herman (Hinder Loral KepreMatatlvo 4 Grltwold Street Tot 190 Bank Sc Tr Co Com 24 2 250 Bank Sc Tr Co Unit SSI 514 Ranker Financial Treat At S8 Hast Hank Cnrp prilta 140 145 Boat Bank Com (par 10) 23 SPECIAL Ensembles 1999 Mannish Suits 1675 Hats 299 Topcoats 2250 Suits 999 Girl's Coats 598 Trousers 198 Truet Bank of Manhattan Chemloal National National Bank of Cemmere National City National Park American Exchange Trust Co Bank of Trust Equitable Trust Co Farmers Loan A Truet Guaranty Truet Co Norwich Wool Merchant Killed In Auto Mishap Norwich March 29 Lloyd Hall vice president ot the Joseph Hull and Hon Inc wool merchants of Norwich was Instantly killed here early this morning when his car overturned He received a fractured skull His son Joseph Hell jr a former teacher of French in St George school here received a fractured coliar bone Wstertmry Telephone Numben: TT2fl 5727 Announcement of the Pennsylvania Railroad plana to Issue nearly 180000000 of stock made ruplete the roster of large Eastern roads that have used this form of financing since the war The others were the New York Central the Baltimore A- Ohio and the New Haven! Old-timers in Well Street noted the fact that ihe Pennsylvania's issue would be offered direct to stockhold ers and recalled that back In 1903 the company attempted this financing hut that owing to a setback in market prices for the stock it was' impelled to call for the assistance of bankers It is a long lime how--1 Stouts rrd Super Stout Dresses ir Sizes up to 60s in All Colors -J? GENE GOING ABROAD Miami Beach Mar 29 Naturally' recalling the good time Jack and Estelle had abroad one wonders whether Gene will he a bachelor next year Mr Tunney is going abroad then Among other things he will give an exhibition in Barcelona for King Alfonso THE BUYERS OF 110000000 TIRES CANT BE WRONG Goodyear builds the Greatest Tire The acknowledged standard of quality WHATT Clothing Store 18 West Main St Next to First Nat Bank Meriden PRISONERS HAPPY SINGING iMiofinioio v'-r Visalia Cal Mar 29 It would seem to be a happy life in the county jail The prisoner sing at night At least their music and other noises are such that Clara and Robert Johnston And difficulty In renting property adjoining the And so th4v are suing the county for an injunction and damages Six Intfrnat Silver Co Forty-four States of the Union Provide Material for Building Modern Ship Bring Your Ship In! IF you ave you need not waft for a fair wind to bring your ship into port For should reverse strike your enterprise you will always have a substantial sum to fall back upon a sum that multiplies and grows with each deposit You Cnn Start With One Dollar You can buy them at ED MILLER INC Musk is the foundation of most rfume it comes from musk TEL 3110 476 COLONY ST Nebraska produces more alfalfa any other state I 1 Meriden Industries MERIDEN NATIONAL BANK Oldest Bnk In "Men The Bradley Hubbard Mfg Co Lighting Fivtoroe and Lamp factory 8a leer com Hanover Street MERIDEN CONN 8 BANK SURETY ANC INS QUOTATIONS I urnltklitMl Capita! Company of Conii'Ktlcut Herman Grade? Loral ReprrsentitlTO frl Grle vi old Street ToL American Ex 423 Bank or America Bank of Manhattan City National Chase National Chatham Phoenix Chemical Naliohal Commerce Corn Exchange First National 3640 Hanover 3286 Harriman Mechanics 340 Natloual Park Seaboard Trust and Surety American Surety Bankers Trust Bank of Tr Bond Mort Guar Central Cnion 14 Farmers Loan 780 Equitable 434 Lawyers Title I Lawyers Mortgage National Surety New York Trust Title Guarantee 780 1 1 Mort Tr I IL 8 Trust 1 Guaranty Look For This Trede Mark on Electrical Household Devices Coffee Percolators Casserole lefts Etc Vacuum Bottles Food Jere Carafes Boudoir 8U It Will Assure You Good 1 of High Grade Manning Bowman Co CROSS SECTIONAL VIEW OF MODERN SHIP First Mortgage Loans This bank will be glad to consider loans on approved Real Estate situated in Meriden THE FAMILY PLATE SINCE i The International Silver compa is ihe largest manufacturer of-slln wro In the world including am-trademarks "1817 Rogers Bro-Thts company's line is diverse ran ing from low-priced unplated flu ware to the highest grade of sfcrlinc silverware products are distributed through jewelry hardware apd de-i partment stores Incorporated In 1699 the purpose of this company was to consolidate jibe leading manufacturers of sliver silver plated ware in the United Mate and Canada and at that time Hilrteen large manufacturer? were taken over by the corporation since i Hie date of incorporation five others have been acquired The company and its subsidiaries owns thirteen plants in Connecticut ope hi Massachusetts and three in Canada with total floor space of 1467435 square feet Earnings decreased from 1916 to 1913 Improved greatly jn 1919 then fell from the latter year to 1921 Alter recovering during the next two years to somewhat above the 1919 figure net income declined to less than in 1925 hut rose in 1626 to 1470647 Funded debt '4270O0 Preferred --lock (7 per rent cum Common stork (par $100 6079 831 1 Current data: Net income lor 1927 was 1 185785 1 which Is an increase of 26 3 per cent Over Hun for 1020 1 All riciit 1 reserved Cambridge ile Bo ou The New Departure Mfg Co Maker til Ball tL-atlnsa Coaaitra Btcrrle Bella Hrakao undr lea rreoldeni Dewttt lae: Dtelaloa svrr I harle Soaring Plant Meriden Mali offlr and erb Bristol Conn ORTY-FOCR states of the Union furnish the tieriala tor the construction of the modern American ship Though the same proportion applies In the Aces of medium sized fast cargo-ftsenger ships which are being rged by transportation experts as vitally necessary to our Merchant Marine at present for purposes of Illustration a 815000000 ship ot the Levlathsn type Is shown Ot the 815000000 which It costs to construct such a vessel In an American yard almost exactly one-hair ta Uged to purchase raw material and manufactured product from outside the actual shipyard Tractlcally every Industry In America contributes Its share to this 17500000 purchase An Interesting table which tells exactly what proportion of the more than 87500000 represents direct purchase from the various states also gives the percentage of the amount furnished by some of Hate and a few Jf the products Products finished by some of the States In building ships (entering Into Hie building of ship Tills proportion cau generally be applied to any type ot modern ves cl constructed in our yards Owing primarily to the fact that wages in the American shipyards vre twice what they are in England the United State has not yet been able Io reap tbe benefit of a shipbuilding program since the War For financial assistance afforded foreign shipping by their Govern menta has raised building and operating costs In this country to a point where American shipping men are unable to compete with them and in consequence more of our foreign trade Is being conveyed each year In foreign ships The manufacture of any one of these product in any State resuil in a yet wider distribution of the money expended for the reason that the manufacturer jiajM for la bor ia his' own and other States paya freight rales and makes other expaadlturej which directly add to yit- prosperity of the whole nation TS Cmmwithtt Kumll tf it) Fim Wwnwn C'oisowi'S tf 4 CnmkM 1847 ROGERS BROS 7 i LV 1VP LATE Continental Fidelity A Phoenix 205 Great American Glcte Rutgers Home i insurance Co of A New York Casualty 133 North River 240 I Niagara 1 i Wertdf ester 1 is JOURNAL WANT ADS I.