The Waterbury Democrat. [volume], August 31, 1935, Page SEVEN, Image 7

About The Waterbury Democrat. [volume] (Waterbury, Conn.) 1917-1946

Image provided by: Connecticut State Library, Hartford, CT

                
Amusement Issues Again Featured Very Dull Market
Most Active Month In
Market For Over Year
Closing Of Last Week’s Business Disclosed That Fact
—Sharp Decline Early In Week Ended In Good Rally
By ELMER C. WALZER
(United Press Financial Editor)
New Tork, Aug. 31—(UP)—
The stock market greeted ad
journment of congress this' week
with a sharp decline but rallied
and ended little changed. Trading
MARY PICKFORD
HAS NEW PARTNER
Hollywood, Aug. 31 — (UP) —
Mary Pickford and Jesse L. Lasky.
two pioneers of the fllm industry,
were busy today with plans for a
aew producing partnership.
Under the name of Pickford
Lasky Productions, Inp., they will
make five motion pictures at the
United Artists Studios here and one
In England, they said in a joint an
nouncement.
Francis Lederer, Madame Schu
man-Heink and Nino Martini have
been- signed as stars of the new
combine. Miss Pickford will serve
as president and Lasky as vice
president.
Lasky was associated with Sam
uel Qoldwyn in the old Lasky
Famous Players Company for
which Miss Pickford starred in
such pictures as "Daddy Long
Legs,” "Pollyanna,” and "Little
Lord FaUntleroy.” Recently he has
been a producer for Fox, which
merged with Twtntleth Century.
It was reported that Lasky would
leave for England Monday by way
of Quebec to arrange details for
the English play.
lightened sharply because many
traders* withdrew far over the
Labor day holiday.
The week brought to a close the
most active month in more than
a year with sales crossing the 41,*
000,000 share mark, the best total
since February, 1084, when volume
aggregated 66,829,9t2 shares. .
Commodities were mixed. Grains
declined, while cotton advanced
about 81 a bale. Silk was strong.
Bonds were featured by a break
and recovery in U. 8. government
issues.
There were several favorable
items in the business news, Includ
ing a rise to a new record high
for the summer in electricity out*
put and a gain of 2 to 20' per eent
over 1934 in retail sales. On the
other hand steel operations had
their first decline since July 1.
In view of the early unsettle*
ment of the market, the net result
showed no definite trend. Motor
shares had their ubs and downs
and- closed the week irregular,
SOtne Utilities were lower, especial?
ly holding company shares. Rails
showed small gains. Oils were
lower. Chemicals were steady anil
steels a bit lower.
Traders regarded the setback as
purely technical. Some selling
came into the recently strong war
stocks—steels, chemicals, coppers,
aviations and tractor company is*
sues.
The unfavorable item for the oils
was a cut in the California ^rice
of crude oil. In New England
some companies slashed gasoline
prices, another factor in reducing
prices of some of the petroleum
shares.
New Paralysis Case
Registered To-day
Education Board Approves Closing Edict—Teachers
Payroll Unaffected By Change—26 Cases Active
The board of education at a spe
cial meeting last night at the
Crosby high school voted to ubide
by the Instructions of the board of
health In postponing the opening
of all Watcrbury schools and au
FOUR MISSING
GIRLS ARE FOUND
(Continued from Page 1.)
Deception, the girls said they had
not been molested either by bears
or ether wild animals. They ap
peared to regard their adventure
as a lark.
Hungry and Weary
When morning came, Miss San
derson told Dowling, she and her
companions, hungry and weary
from their wunderings, followed a
river until it crossed the road
«h*re he encountered them.
Dowling, overseer of a roud
gang, turned his car around and
brought the girls back to the hotel.
On their arrival they laughingly
discussed their adventure and soon
were enjoying, their first meal since
yesterday noon.
They had left the hotel at 4 p.
m. yesterday to climb Mount De
ception.' which is two miles south
of the famous Presidential range
of the White mountains. It was
planned to return In time for sup
per and when they failed to appear
a search was started, with posse
meh, bearing flashlights and lan
terns, deploying through the moun
tainous region.
Hours before the girls were
found, a large posse hud renewed
the hunt, and 75 CCC workesr were
preparing to join it.
Girl Describes Prank
Peggy Suzanne Sanderson of
Kidgefleld, Conn., 16-year-old stud
ent at a New York private school
and one of four girls lost overnight
In the White mountains, describes
her adventure in the following ar
ticle.
We decided to climb Mount De
ception yesterday afternoon. We
knew that it was more than 3,000
feet high but had no idea of how
long it would take us to make the
climb.
We left the hotel about 3:30 and
followed a beaten path. • It was
easy going but it took us a long
tlma to reach the wooded summit.
It was just getting dark when we
reached the top.
They Became Dost
After adm'-lng the view, we
hunted around for the path to re
turn to the hotel. We circled
about for a long time but could
And no trace of It.
Aft' the time it was getting dark
er, so we made up our mlpds that
we would have to spend the night
on the mountain. We descended
through the rough woodland until
it was too dark to go any farther.
The briers, underbrush and
branches of the trees scratched our
legs and tore our clothes pretty
badly.
Huddled Under Tree
We huddled In a heap under a
tree and threw our coats over us,
but it was pretty cold. It rained
of. and on all night. I had on a
light summer dress and a coat.
Minnie wore a tennis frock with a
low back and had a light coat.
Martha also had a light summer
dress and a lapin coat. Cynthia
wore a play suit combination of
shorts, skirt and blouse and wore
a coat sweater. We all wore ankle
socks.
We weren’t especially frightened.
I knew there were supposed to be
Hears in the woods but we didn't
see any. If. fact, we didn't see any
wild animals at all.
Slept But Little
• We slept only fitfully during the
night.
When morning came, we found
a stream nearby. We followed It
through the rough underbrush^ un
til H joined the Ammonoosuc river.
After following the river for a long
time, we came to an open space
and saw the Mount Washington
rbad.
We dtarted to walk down the
rbad when Mr. Downing met us ui
his automobile. \
When we reached! th- hotel, ev->
;
thorlzed Superintendent of Schools
Thomas J. Condon to announce
the opening date when he,received
notice from the health bcmrd that
an emergency In Infantile paralysis
cases no longer exists.
Although the schools remain
closed the teachers will receive
their pay as per schedule. In other
words, the board decided that the
payroll should begin on Wednes
day just as if the institutions had
been opened.
It was further voted to inform
all principals .teachers and mem
bers of instruction classes not to
report for duty on next Wednes
day, the date originally set for
school opening in the city. They
will be Informed as to the open
ing date by the press and radio.
9« Cases
The board of health declared an
emergency existed because of the
number of Infantile paralysis cas
es in Waterbury, at a special meet
ing Thursday night and voted to
postpone the opening of all schools
in the city indefinitely. It was re
ported by Health Officer Dr.- E. J.
Godfrey that 2$ active cases were
being treated in the city and thut
six denths from the disease had
occurred.
The number of cases did not
cause the health board to deter
mine that an epidemic, such as
existed in 1931 when there were
over 100 cases, prevailed. At that
time, the school opening date was
deferred two weeks.
New Case
One new case of infantile paral
ysis was reported in the city this
morning. The latest victim is a
boy, two and one-half years of
age.. This brings the total number
of cases reported in the city since
the outbreak on July 10th to S7.
BUSINESS IN NEW
ENGLAND BETTER
Boston, Aug. 31—(UP) — The
general level of business activity in
New England rose in July above
the level of the previous month,
with allowances made for seasonal
changes, according to the monthly
review issued toduy by the Federal
Reserve Bank of Boston.
A substantial increase in boot
and shoe production was a leading
factor in the Increase, combined
with moderate gains in building
construction. Textiles remained
quiet, with daily average consump
tion of raw wool and cotton declin
ing. ♦
Boot and shoe production show
ed a 30.2 Increase over June, ex
ceeding any increase in the corre
sponding months since 1923. and
making the number of pairs of
shoes produced in the first seven
months of the year the largest since
1923.
The adjusted index of wool con
sumption declined 10 points while
the volume of raw cotton consumed
fell off about 1,600 bales.
New England department stores
and apparel shops reporting show
ed a 7 per. cent Increase of sales in
July over the corresponding month
last year.
JAPAN THINKS
WAR IS COMING
Tokyo, Aug. 31—(UP)—Japa
nese insurance companies today
announced increases in the rates
of marine insurance on all cargoes
destined for North Africa, because
of the war crisis. The new rate
will be 12 1-2 sen on each 100 yen
valuation. This corresponds to a
rate of approximately 26 cents on
each 323.00 worth of cargo. Tlie
former rate was five sen, or about
1.8 cents.
erybody came out to welcome us.
We had no idea of the commotion
we had caused.
We hadn’t had anything to eat
since yesterday noon and we were
pretty hungry. For breakfast they
gw# us lanfb chops, French fried
potatoes and coup.
Nearly 29,000 motor vehicles
wore sold In Japan last year.
LABOR DAY
A (MNl suspension of
business In •tores, banks, li
braries and postoffice trill fea
ture Waterbary's observance
Monday of Labor day. It Is
expected that thousands Will
sp- d the day motoring or on
visits to nearby summer re
sorts. Local and state author
ities in hopes of avoidlnx ser
ious accidents have made ap
peals to motorists for a care
ful observance of all laws over
the week-end holiday.
COMPTROLLERS
STATE DEFENDS
CLEARINGHOUSE
Distributes Insurance to
Take Monopoly Out of
' Hartford His Claim
Hartford, Conn., Aug. 31—(UP)
—State Comptroller Charles C.
Swartz today defended his “clear
ing house” system of distributing
state Insurance on grounds It
would "take the monopoly out of
Hartford and give otner agents
througout the state a break,”
, At the same time the comptrol
ler criticized the handling of po
licies under former administra
tions.
“I have found insurance policies
on buildings which have been torn
down, and In eome cases’ no in
surance on buildings which are
standing," he declared.
Makes Denial
Swartz denied that John J. Ken
nedy, Hartford agent appointed to
supervise the distribution, had or
dered any cancellations'.
"He has no say In the matter as
to where policies shall be redis
tributed," he said. "We tell Ken
nedy what to do.”
Swartz said his plan was to di
vide the business among agehts In
ths 36 senatorial districts.
“In the past’ Hartford agents
have been getting most of the in
surance. Under our policy, only
about 25 per cent will go to Hart
ford agents and the reso to agents
around the state."
Complaints against the “clear
ing house" had been made to the
governor by disgruntled agents.
The executive, it was understood,
is satisfied there Is nothing illegal
In the proccedure and will not en
gage In the controversy.
RABBIT BOOS FIJTD FUGITIVE
—
Lumberton, N. C. (UP)—R. A.
Plttett went hunting for rabbits,
but returned with big game — a
negro fugitive. When Pittett’a
hounds, chasing a rabbit, came
near the negro he ran out of the
swamp and surrendered.
Railway traffic in France is
again Increasing.
Her Ringside Shrieks
And Swoons Enliven
Buddy Baer’s Bout
i
A lot of things happened tft the S minutes and S8 seconds of the
Baddy Baer-Jack Boric incident in Madison Squqare Garden, New
York. Buddykins, all Mi pounds of him, popped the Irish crooner
with a few questionable punches; Doric dropped three times and
Referee Billy Havana ugh stopped the light—all to the tone of ring
side shrieks and a swoon or two on the part of Judith Allen (right),
screen actress wife of Doyle. The action picture shows the singing
Celt’s first trip to the canvas.
TWO CHILDREN
OF WEALTH DEAD
London, August 31 — (UP —
A son and a daughter of Bernard
Wills, multi-millionaire member of
the Imperial Tobacco Company
family, were killed today In a mo
tor crash at Roxton. Another son
and another daughter were Injured
seriously.
The four were returning to Lon
don from a holiday. At Roxton,
near Biggleswade In Bedfordshire,
their car crashed at highspeed in
to the rear of a motor truck.
Gerald Beverley Wills, 16, and
Joan Beverley Wills, 18, were kill
ed. Gerald died instantly; Joan died
In the Bedford county hospital.
Christopher Beverley Wills, 20, who
was driving, and Sylvia Beverley
Wills, 14, were Injured.
The father is a cousin of Lord
Dulverston, chairman of the great
imperial tobacco family.
The Wills family is equally only
by the Coats family in England in
Industrially acquired wealth. Eleven
members of it who have died in
recent years left altogether more
United States Will
Keep Out Of Trouble
(Continued from Page 1)
It wu conceded that Ethiopia
is at peace. Is a sovereign power
and that Its ruler. Malic Selassie,
is legally authorised Inder. all
points of International law to grant
concession to anyone he chooses
without having the legality . ques
tioned.
Future Possibilities
The question of what would be
come of the concession in event of
foreign forces conquer Ethiopia
and make that country ade pend
ency or colony, and how far the
American government would go
under those circumstances to sup
port the claims of the American
concessioners wore matters state
department officials had in mind
when they used the word "imme
diate,” They recognised that the
future might be full of delicate
possibilities.
Secretary of State Cordell Hull,
at his press conference, said that
the state department was not in
possession of sufficient Information
to discuss the situation with intel
ligence.
He said the department had had
no advance Information that Amer
ican interests were negotiating for
a concession in Ethiopia, and had
received no authentic details con
cerning the concession.
Reported to State Dept.
Washington, Aug. 11—(UP) —
The granting by the Ethiopian gov
ernmetn of a large conceslon to a
foreign group presumably'Amerl
can for oil and other development
purposes was reported to the state
department today by Cornelius Van
H. Engert, American charge d‘ af
fairs at Addis Ababa.
Engert reported the concession
was signed on the morning of Aug
ust 40, by thtf Ethiopian govern
ment and the African exploration
and development corporation. This
corporation he understood to be a
-subsidiary of the Standard Oil com
pany of New Jersey.
He gave no details 'concerning
the concession.
It was understood, that the con
cession runs for a period of 76
years and covers tho entire por
tion of Ethiopia east of the line
from Lake Rudolph to the Hawash
railway bridge and thence due
north to Eritrea.
The development company was
understood to be obligated to pay
25,000 pounds sterling gold coin or
bullion (approximately 1120,000)
or the equivalent and a royalty of
one shilling six pence per ton on
all oil produced for the first 25
years, with an upward scaling of
the tax after that period.'
New York, Aug. 11—(UP)—Dr.
Barnum Brown, noted geologist,
who spent 10 years studying Ethi
opian oil possibilities, said today
the reported grant of territory J»y
Emperor Halle Selassie was a
“subterfuge to involve the Inter
ests of the United States and Great
Britain in the Italian situation.”
“It Is not for the purpose of ex
ploiting oil,” Dr. Brown said, add
ing that his exhaustive studies
showed no oil worthy of commer
cial development in Ethiopia.
Incorporated July 11
Dover, Del., Aug. 11— (UP)—,
The African Exploration and De
velopment Company was Incor
porated here July 11, 1925, by the
United States Corporation and
Trust Company of New York and
Dover.
The company was incorporated
/
with 6,000 shares of stock at $100
par value for the purpose of "ex
ploration and development of nat
ural resources, to bore and drill
for petroleum products, to seek
out precious stones, gold, silver
and asphalt.”
Incorporators of the company
were Arthur W. Britten, Edward
S. Williams, Vincent W. Westrup,
all of New York. The company’s
headquarters were listed at 150
Broadway, New York City.
No Knowledge Of It
New York, Aug. $1— (UP)—W.
S. Farlsh, chairman of the board
of Standard Oil Company of New
Jersey, said today his company
had no knowledge of any negotia
tions In connection with an oil
concession in Ethiopia.
"So far as our having any in
terest In the matter Is concerned,”
Farlsh said, “It has never been
considered or talked of.”
Where Britain Stands
Londonf Aug. SI—(UP)—The
danger that the entire post-war
settlement of Europe would be
forcibly upset If Premier Mussoli
ni, as sems Inevitable, goes to war
with Ethiopia, Is disturbing mem
bers of the British cabinet.
Britain is stressing this danger
to France, etnphaszlng what
France, and particularly France’s
allies like the Little Entente,
stand to lose In any such upset
unless a strong stand is taken
against Mussolini through the
League of Nations.
The British do not anticipate
there will be an immediate Eur
opean war while Mussolini Is en
gaged In battle with Ethiopia, be
cause European nations are not
ready. But if the 'Italian dictator
becomes involved in a long cam
paign It Is feared the peril will be
intensified and the authority of the
league so weakened that nations
will have no. other alternative in
order to maintain the present
frontiers.
Recognise Chances,
British statesmen recognize the
changes that will have to be mado
throughout Europe but they want
these changes to come through ne
gotiation and within the ambit of
the league. They feel the Ethiopi
an crisis has demonstrated, by It
aly’s insistence of colonial expan
sion, that safety valves must be
found for the changing conditions
in Europe and that readjustment
of frontiers is inevitable.
Meanwhile, Britain is prepared
to do her part in satisfying the
demands of both Italy and Ger
many for colonies overseas, pro
viding these demands come through
channels of negotiation and are
not presented as disguised ultima
tums. It Is freely suggested that
some mandated territory under
Britain’s rule should be returned
to Germany, or presented to Italy,
after the fullest consultation with
the inhabitants. The difficulty la
to decide which territories should
be thus turned over.
Humor On German End.
Humorists have suggested that
Germany should be given a man
date over Palestine. Others suggest
the return of Tanganyika to Ger
many, but Prime Minister Huggins,
the “flying” premier of Southern
Rhodesia, told the British United
Precs that he would never permit
the return of this land because It
would cut across the air route
from Rhodesia to Sudan.
Similarly, South Africa will not
iagdlMBntffllifr'ierdLrifit Mii
Closing Prices
WHITUHOUSK M CO. TeL 4-S181
Y’st’day’s
ChN
Adams Express .. 8 %
Air Reduc.14 Vi
Alaska Jun. 16 Vi
Allied Chem .... 26Vi
Allis Chalmers .. 26%
Amer. Bank Note 27 %
Am. Can .138
Amer. Car & ..
Fdry. 21
Am. For Pwr .. 6 Vi
Amer. Int'l _ 8%
Amer. Metals .... 23%
Amer. Pwr & Lt 7 Vi
Am. Rad Stan. San 17%
Am. Roll. Mills .. 23%
Am. Sm. Ref. .. 46 V4
Amer. Steel Fdry. 18
Am. Tel & Tel.. 136 Vi
Am. Tobacco B.. 99%
Anaconda Cop. .. 18%
Atch. Top & S. F. 48%
Atlantic Ref.22%
Auburn Auto .... 33%
Baldwin Loco. .. 2 %
Balt. & Ohio_15%
Bclding Heming .. 12%
Bendix Aviation.. 18%
Beth Steel . 37%
Blaw Knox. 13
Borden. 24%
Borg Warner .... 49
Bpt. Brass . 13%
Briggs Mfg.41 %
Bullard Co.17%
Burroughs Add. .. 17%
Byer A. M.17 %
Canada Dry. 9 %
Can. Pacific. 10 %
Case Mach. 68%
Cclanese Corp. .. 26%
Cerro De Pasco .. 56%
Certain-teed Prod . 6 %
Ches. & Ohio- 46%
Chick. Cotton Oil 26%
Chrysler Motor
Columbia Gas . .
Com’l Inv. Tr.. .
Coml. Solvents
Com. Southern .
61%
11%
70%
19%
1%
Con. Film . 4%
Con. Film pr.
16%
Con. Gas. 28 %
Cons. Oil Corp .. 8 %
Container Corp. .. 10%
Continental Can. . 82%
Continental Oil of
Del. 20%
Corn Products .. 66%
Coty. Inc. 4 %
Curtiss-Wright A. 8Vi
Deere & Co .... 3 7 %
Dela Lack . 15%
DuPont .117
Douglas Aircraft 31 Vi
Today’s
Close
8% |
14%
26%
26%
27%
138%
21%
6%
24
8%
17%
23%
45%
18%
136%
19%
48%
22%
34
2%
16%
13%
19
37%
13%
24%
48%
14%
43
17%
17%
17%
9%
10%
72
26%
57%
. 6%
46%
27%
61%
12%
71
18%
1%
4%
17%
28%
9
10%
83%
21
66
8
38%
15%
118
31%
discuss the return of German
southwest Africa, nor apparently
are Australia or New Zealand will
ing to surrender New Gulanea or
Samoa.
The only territories available
therefore are the Cameroons and
Togoland, which have a total area
of 47,000 square miles. But even
then it is not certain whether the
native would wish to exchange
British for other rule. Neverthe
less, it is believed in Britain that
through the league, the colonial
aspirations of both Germany and
Italy can eventually be satisfied
without war.
Prayers In Canada.
Toronto, Ont., Aug. 31—(UP)—
Prayers for world peace will be
offered throughout Canada tomor
row.
Heads of the Church of Eng
land; United Church and Presby
terian Church issued a Joint state
ment asking special prayers
throughout the dominion.
"In view of the grave menace
to the peace of the world we ap
peal to the churches of Canada to
offer earnest prayer on Sunday
next. Sept. 1,” a joint announce
ment read, "That war may be
uverted and that God may so direct
the deliberations of the League>of
Nations next week that an abiding
settlement of the present conflict
may be reached.”
Mussolini Going In
Trento, Aug 31—(UP)—Premie
Benlto Mussolini, In an unsched
uled speech here today, served no
tice on the world that no oil con
cessions granted by the emperor
of Ethiopia would alter Italy's
attitude towards the last indepen
dent African kingdom.
“Political maneuvers now being
attempted abroad,” he thundered
before 60,000 listeners in Dante
Spuare to cheer him on his way
back to Rome from the Italian
war maneuvers, “will not lead
Italy to abandon the road she has
taken.”
“That road is already won. Any
atempt to place obstacles in it will
prove futile.”
In his speech at Monte Ron
sone earlier in the day before
140,000 of the troops gathered on
the 4ustro-ltallan frontier to dem
onstrate Italy’s ability to defend
the Brenner Pass.
ivifa'iSSsi
Y’st’day's
Close
Eastman Kodak .147
Elec Auto-Lite
Elec P. & L. .
27 %
5%
50
17%
30%
34%
42 Vi
17%
16
Equit Office Bldg 6%
Erie R. R.10%
Foster Wheeler .. 16
Fox Film . 16%
Freeport Texas .. 26%
Fire Tlre&Rub Co
First Nat’l Stores
General Asphalt .
General Elec ....
General Foods . . .
General Motors ..
Gillette Razor .. .
Gold Dust .
Goodrich . 8%
Goodyear . 19%
Gre North pfd ... 20Vi
Grt West Sugar .. 2 8 %
Houdaille Hershey 20
Hudson Motors
111 Cent R. R.
Indust Rayon .
Int’l Cement . .
Int’l Harvester
Int’l Nickel . 28%
lnt’1 Tel & Tel .. 10%
Johns Manville .. 65%
Kelvinator . 12%
Kennecott Cop .. 23%
Kresge Stores ... 2 5 %
Kroger Groceries 30%
Lambert Chem ..
Lig & Myers B .
Liquid Carbonic
Loews . 41%
Lorillard . 24%
M'Kes. & Rob. . . 6 %
McKesson & Rob.
pfd .
Mack Truck . . .
Marine Midland
R. H. Macy. 46%
Math. Alkali _29%
Minn. Honeywell. 10
Mohawk Crpt. .. 16
Mont. Ward. 34
11%
14%
30%
29
54%
24%
.115
30%
39%
22%
8
Murray Corp. ...
Nash Motors ....
Nat’l Biscuit ....
Nat’l Cash Reg. .
Nat’l Dairy .
Nat’l Dlst.
Nat’l Pow. & L..
N. Y. Central ..
New Haven R.R..
N. H. R. R. pr. ..
North Am.
Packard Motors .
Penney, (J.C.) ..
Penn. R. R .
Phelps Dodge ...
Phillips Petro ...
Proctor Gamble .
14
15
28%
16%
15%
10%
22%
6%
13%
20%
4%
79%
27%
20%
26
51%
Pub. Ser. of N.J.. 40%
41
Pullman Co.
Radio . 6 %
Radio Keith _ 2%
Rem. Rand .... 11%
Reo Motors . 3
Rep. Iron & Stl. 18%
55,
18%
Sears-Roebuck
South Pac.
Souther Rwy. 8 %
Sparks Wlth’gton 4 %
Stand. Brands
Stand. Gas & Elec
13%
6%
S. O. of Cal. 31%
S. O. of N. J...
Cocony Vacuum.
Sperry Corp. ...
Stewar-Warner
Stone & Webster
Texas Corp.19 %
Texas Gulf __ 34%
Texas Pac. L. T.. 9%
Timken Roller... 49%
Trans. Am. 7 %
45%
11
12%
12
7%
64%
99%
18%
5
70%
15%
42%
Union Carbide
Union Pacific ....
United Aircraft ..
United1 Corp.
United Fruit ....
United Gas Imp..
U. S. Indus. Alco..
U. S. Pipe & Fdry 19%
U. S. Rubber_
U. S. Rubber pr. . 36%
U. S. Steel . 43%
U. S. Steel pfd.. 108%
U. S. Smelt. Refin.
& Min. Co. ...
United Stores A.. 5%
Vanadium . 17
Walgreen . 29%
Warner Bros. ... 6 %
Western Md. .... 8%
Western Union .. 45
West’ghouse Elec. 65%
Westvaco Chlor... 19%
Woolworth. 81%
Worth’gton Pump 17
Today’s
Clow
148
27%
5%
6%
11
16%
14%
50%
18
31
34%
42%
17%
8%
19%
20%
20%
11%
14%
30%
29%
55
29
10%
66%
13
23%
26
30%
2 4 Vi
31
41%
6%
22 %
7%
46%
29%
16%
34%
14%
15%
2S%
16%
15%
29%
11%
23%
7
14%
20%
4%
80
27
21
41%
41%
6%
2%
11%
18%
55%
18%
9%
4%
13%
6%
31%
4 5 Vi
11%
12%
12%
8%
20
34%
9%
49%
7%
64%
100%
18%
5
72
19%
13%
37
43%
110
98%
5%
17%
5%
8
46%
66%
61%
Dow Jones Averages
30 20 20
Util R. R. Util.
11 A. M.127.38 35.06 25.47
12 M .127.88 35.20 25.70
NEW YORK CURB MARKET
Amer. Sup. 1
Cities Service ... 2
Elec Bond & Share 13
Ford Ltd . 8
Niagara Hudson , 7 %
United Founders . %
S%
3%
11%
7%
13-76
Session Showed Muchm
Firmness In Trading
Heavy Dealings In Pathe, Paramount And Warner
Brothers Sent Them Higher—Other Issues Lifeless
By ELMER C. WALZF.R
(United Press Financial Editor)
New York, Aug. 31—(UP)—A
musement Issues featured a dull
but Arm session on the stock ex
change today.
Relatively heavy dealings In
Pathe, Paramount and Warner
Brothers issues brought them up
fractions to more than 3 points.
Demand for the amusements re
flected improved outlook for the
autumn moving picture business.
Aside from the amusements the
stock market was dull. Volume was
particularly small in the leading
industrial issues such as U. S. Stee,
the principal motors, farm equip
ments. Utilities were relatively ac
tive and firm. Rails were dull but
Arm. National Distillers made a
new top in the liquors in the early
trading but later lost its gain.
A few special issues were in de
mand, including Zonte Products
which rose fractionally, Snider
Packing which made a new high
at 21 up 1 1-1; and Midland 8teel
Products which mad£ a new top
at 19 5-8 up 5-8.
Chrysler and General Motors
gained fractionally. American Tele
phone was dull at 136 3-4 up 1 1-4.
U. S. Smelting showed a one
point loss.
Case rose nearly 2 points to
70 5-8. Oils were dull but Ar^ner.
Trading was mostly routine bus
iness since many traders were ab
sent from the street. The market
will be closed Labor day but will
reopen for regular business on
Tuesday when many traders an
ticipate resumption of active deal
ings.
Today's market closed August
which set a new high in stock
sales for any month since Febru
ary, 1934, when volume totaled
56,829,952 shardes. For the month,
the averages were little changed.
They had been carried to new
highs on the movement when the
passage of the utility bill turned
/
N. Y. Bank & Trait Stocks
Tbe R. F. Griggs Co.
Bank of Manhattan.. 27 30
Bank of X Y & Trust 455 475
Bankers Trust. 69 72
Cent Hanover Bank
& Trust. 125 131
Chase National Bank. 33 36
Chem Bank & Trust 47 50
Corn Exchange Bank 58 61
Empire Trust . 19 22
First National Bank. 1775 1875
Guaranty Trust. 299 308
Irving Trust. 15% 17%
Manufacturers Trust. 31 34
National City Bank.. 31 34
New York Trust_ 118 123
I Title Guar & Trust... 9 11
Inrestment Trait Quotations
G. T. CULHANK CO.. INC.
68 Center Street
Amerex Holding Corp 12% 13%
American Founders
Corp 6% pfd. 34 38
American Founders
Corp 7 % pfd . 34% 38%
American & General
Secs A. 7 I
American & General
Secs Corp *3.00 pfd 50 53
Associated Standard
Oil Stocks ........ 5 % 6
British Type Investors
Class A.40 .60
Century Shares.25.48 27.39
Diversified Trustee
Shares B. 8 % ,
Diversified Trustee
Shares C. 3.45 3.75
Diversified Trustee
Shares D . 6% 6%
Dividend Shares . 1.39 1.51
Equity Corp of Del pfd 35 39
Fixed Trust Shares A. 9.23
Fixed Trust Shares B. 7.73
Incorporated Investors. 18.42 19.80
Int Sec Corp of Amer
ica 6% pfd.. 34 38
Int Sec Corp of Amer
ica 6 % % pfd . 34% 39
Massachusetts Investors
Trust .21.29 23.14
Nationwide Sec B .... 3.66 3.76
North American Trust
Shares 1955 . 2.69
Second International
Sec A com . 7% 3
Second International
Sec 6% pfd . 43% 48
Spencer Trask Fund ..16.79 17.85
Trusteed N Y Bank
Shares . 1.46 1.62
U. S. Elec Light &
Power Shares A ... . 15% 16%
U. S. Elec Light &
Power Shares B . . .. 2.23 2.33
U S & British Int Co
*3 pfd . 12 16
HOME LOAN BONDS
Home Owners’ Loan
2%’s . 99 99.20
Home Owners’ Loan
3's .100 100.20
the market down. A subsequent
recovery left thel 1st little changed
from the July 31 level.
—
CONNECTICUT SECURITIES
The K. F. Griggs Co.
PUBLIC UTILITY STOCKS
Bridgeport Gas Lt Co 36 39
Bridgep’t Hydraulic Co 38 36
Conn Elec Service .... 50 % 62%
Conn Gas * Coke com 2% 3%
Conn Gas & Coke pfd 48
Conn Lt 4k Pow 5 % %
pfd.Ill
Conn Lt & Pow 6 % <7o
pfd.US
Connecticut Power Co. 43% 45%
Conn Ry & Ltg Co com 41 46
Conn Ry & Ltg Co pfd 63 58
Hfd Elect Lt Co com. 64V* 66%
Hfd Gas Lt Co com. . . 43
Illuminating Shares A 47 Vi 49%
New Haven Water Co 72
South N E Tel Co.117 121
INDUSTRIAL STOCKS
Amn Hardware Co... 28 28
Bristol Brass Corp com 4 7 50
Colts Pat Fire Arms Co 36 V4 37%
Eagle Lock Co. 21 24
Eastern Malleable Iron 4 Vi 5 Vi
Landers Frary & Clark 44% 48%
New Britain Machine
Co com . 12 14
North & Judd Mfg Co 26.% 28%
Peck Stow & Wilcox Co 3 % 5 %
Remington Arms. 4% 5%
Scovill Mfg Co . 26% 28%
Stanley Works Co.... 29% 31%
Torrington Co . 84 86
INSURANCE STOCKS
Aetna Fire Insurance. 56 58
Aetna Life Insurance. 31% 33%
Automobile Insurance. 37% 39%
Connecticut General .. 37% 39%
Hartford Fire Insur... 78% 80%
Home Insurance . 31% 33%
National Fire Insur... 74 76
Phoenix Fire Ins...ur 88 91
Travelers Insurance... 625 635
GARDENER WINS FOURTH
PRIZE
Memphis, Tenn., Aug. 31 — (UP)
—For the fourth consecutive year
Sallio Ingram, 72-year-old negro
woman, has won first prize In the
annual Douglas community garden
conden contest here.
THE AMERICAN BRASS
COMPANY
COPPER • BRASS
BRONZE
Prondi Small Tab* Brandi
Small Diameter Saatnlau Tuba
Waterbary Bras* G»»d» Brawl
Manufactured Brow Condi
American Metal Haee Broadl
Flexible Metallic Hose
tT „ "to
The mark that identifies good
B^ass and Copper tnradu&s
Chase Brass & Coppr Co.
—i NomratATio —
\ f
SCOVILL
MANUFACTURING
COMPANY
HASS - SBONZE AN»
ran s&teb mu reooucn
MAiraTACTtJUD GOOD!
MAM TO OBDBI
DEPOSITS INSURED
BV
The Federal Deposit Insurance
Corporation
WASHINGTON, D. C.
tffAAA MAXIMUM INSURANCE $CAAA
UUUU FOR EACH DEPOSITOR 3UUV
PROFIT WHILE
PREPARING
If you deposit money in The Waterbury
Trust Company for future financial needs,
you profit meanwhile by the interest your de
posits earn.
This bank pays semi-annual dividends on
Savings Accounts,
The WATERBURY TRUST
132-134 GRAND ST. COMPANY