The Waterbury Democrat. [volume], November 14, 1935, Page EIGHTEEN, Image 18

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

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fStocks Whirled Upward to New Four Year High
ADVANCE
FOR RECOVERY
at Their Conven
tion See That; Unemploy
ment Still Widespread
New Orleans. November 14 —
(UP) — Recovery Is advancing rap
idly but unemployment still is
widespread and the volume ol in
dustrial production tails to gain,
the economic policy commission of
the American Bankers Association
reported to the association’s conven
tion today.
The bankers resumed their annual
meeting in an atmosphere of har
mony in contrast to yesterday’s bat
tle over the election of a vice
president which indirectly involved
New Deal banking policies.
Orval W. Adams, vice-president
Of the Utah State National Bank of
Salt Lake City, and outspoken enemy
of the New Deal, will be installed to
day as second vice-president. He
automatically becomes president in
1937. His opponent for the office,
E. G. Bennett, president of the First
Security Bank of Ogden, Utah, a
friend of the New Deal, withdrew
his candidacy in the interest of
Harmony.
Individual Buying
The economic policy commisison
found, in a broad sense, that indi
viduals were buying but corpora
tions were not. High wages, in
creased farm income, and large
I government expenditures have
i greatly increased consumer pur
chasing power.
While noting strong improve
ments in the automobile industry,
In gasoline, tobacco, rayon and ice
less refrigeration industries, the
commission found that construction
and the durable goods industries
lagged. This lag, it said, was the
cause of continued widespread un
employment.
“We have so far regained only
about half the depression losses.
Part of the losses are due to shrink
age of export trade, but most of
them are in the lines of construc
tion and heavy industries.
“The key to the problem lies in
floating new long term capital is
sues by manufacturing industries
and the utilities.”
The commission predicted infla
tion would develop in 1936 because
Inflation develops when the demand
tat goods is so active that buyers
bid up prices and sellers are reluct
ant to sell.
L.
EGYPT RIOTING
STILL CONTINUES
(Continued from Page 1.)
&
: V
t
m
m
further trouble was anticipated
as a result of a communique issued
by the premier after a cabinet meet
ing in which he blamed Britain for
present unrest.
The communique lengthily re
counted the history of the premier’s
regime, declaring that last year
Britain opposed continuation where
upon he protested through the high
commissioner.
The latter suggested appointment
of a government committee to draft
a new constitution acceptable by
all parties. The premier refused
because he already had signified a
desire for restoration of the 1923
constitution.
The premier formally submitted
Egypt’s demands but received no
reply other than the recent Guild
ball speech of Sir Samuel Hoare.
foreign secretary.
Riots Please Italy.
Rome, Nov. 14—(UP)—The rioting
In Cairo was followed with undis
guished satisfaction today by offi
cial circles, because it was felt it
would tend to weaken Britain’s op
position to Italy’s action in Ethio
pia.
An Italian official, denying that
Italian propaganda was responsible
for the riots, charged that they de
veloped from Britain's attempts at
further military subjugation of
Egypt.
Tension Unchanged.
London, Nov. 14 — (UP) — The
French and British governments
have agreed, it was said authori
tatively today, that Italy’s note of
protest against sanctions should be
answered by members of the League
cither by individual Identical notes
or by a joint response.
Meanwhile it was confirmed that
the most recent conversations be
tween Premier Benito Mussolini and
Sir Eric Drummond, British am
bassador at Rome, left Anglo-Ital
lan tension unchanged and were in
conclusive.
There will be further talks be
tween Mussolini and Sir Eric. While
Italy has been attempting to widen
the scope of the conversations to
negotiate a new Mediterranean ar
rangement of several years dura
tion, Britain has insisted hitherto
that the parleys be confined to An
glo-Italian tension arising from the
stationing of 75,000 Italian troops
In Libya and the concentration of
150 British warships in the Medlter
lanean.
Paris, Nov. 14— (UP) — Count
rles De Chambrun, French am
or at Rome, has been in
cted to appeal to the Italian
ent to repeal the ban on all
and British newspapers, the
aper Paris Solr stated today.
WILL RETURN BODY
Hartford, Conn., Nov. 14.—(UP),
atlons were being made to
ps return the body of Living
Woodruff, 75, to Eltzabeth
N. Y., for burial. He died yes
ay while visiting a daughter at
Hartford. He was a native of
N. Y„ and is survivved by his
a daughter and two
_,tion ag
fUed at the of
James M.
__Co. and
of 03 North Lean
Injury, 011.67
Co. and Joa
Of 651
$7.70
Hartford Mayor-Elect Dies
—Courtesy of Hartford Times.
MAYOR-ELECT JOHN A. PILOARD
PRESIDENT TALKS
ON MONEY STATUS
(Continued from Page 1.)
business with England, they are
now beginning to swing to Amer
ica.
“The result is a terrific increase
in the stock market business in this
country.”
While emphasizing the possibility
that these funds later may be with
drawn, he pointed out that they
might remain here semi-perma
nently for Investment.
Confidence In America
“There is great confidence abroad
in the American situation and in
the belief that this is such a better
place to keep money,” he said.
He added that both business and
political leaders abroad felt that the
American recomery accomplish
ments were remarkable.
Citing this country’s strong finan
cial position, he observed that the
best France could do under refund
ing operations was 5 per cent
as against 21-2 to 2 3-4 per cent
in this country.
Kennedy payed tribute to condi
tions as he found them here on his
return from abroad and remarked:
"There is a willingness on the
part of English taxpayers to stand
for additional income levies for pro
tection in view of the alarming
foreign situation.”
Factors sending funds to the
United States, Kenuery said, in
clude shipments for settlement of
balances, shipments for safe keep
ing and shipment of gold for pur
chase of securities in this country.
SPONSORS OF SHOW
DESERVE ARREST
(Continued from Page 1.)
Arthur William Brown, Dean Corn
wall, Frank Godwin, vice-president
of the Illustrators’ society; and
Philip Dunning, playwright. The
accused girls apparently had dif
fering feelings about the whole
business. Two of them, Sarllla
Bell, an attractive brunet, with
glistening dark hair and eyes, and
Collette Nicks, a vivacious auburn
haired girl of 23, followed every
move of the proceedings intently,
and stood up now and then to get
a better view of the witnesses. The
others, Inez Gregersteln, 24, Bobble,
Fenton, 21, and Marlon Faist, 19,
sat hiding their faces In their coat
collars.
The point that counted in their
discharge, however, was the citation
that the state law relating to “ob
scene, indecent, Immoral and im
pure” performance specifically ex
empts actors from charge that may
be brought under that statute. The
bill granting the exemption to per
formers was signed by President
Roosevelt while he was governor
of New York, Klein recalled. Magis
trate Aurello agreed that the law
was specific on that point and said
he had no choice but to dismiss the
charges against the girls. He
didn't rule on whether to show
was Indecent. He said that If the
police desired to Interest themselves
further In the cas, they should pay
attntlon only to the sponsors and
producers of the show.
It fell to plainclothesman, Joseph
Radvik to relate the burden of the
prosecution's evidence, and he had
a decidedly uncomfortable time after
he got past the point of telling how
he bought a gallery ticket for $3
and waiter for the show to begin.
COTTON EXPORTS.
Washington, Nov. 14 (UP)—Octo
ber raw cotton exports were nearly
SO per cent greater than In Septem
ber. the Department of Commerce
reported today.
The United States exported 712,000
bales valued at >45,211,000 In Octo
ber, compared with 487,000 valued at
>31,390.000 In September and 616,000
bales valued at >42,768,000 In Octo
ber, 1934.
The department noted that in
August. September and October
combined, Italy took the same a
mount of cotton from this country
as in the
months of
.1
DOCTOR WALSH
UNDER BIG BOND
Boston, Nov. 14.—(UP)—Dr. Wil
liam M. Walsh, 34, Boston physician,
was under $5,000 bail to-day on a
charge of being a principal in an
illegal operation in connection with
the death of the wife of a Harvard
law student.
Mrs. Prank M. Ruhlen, 29, who
arrived from Columbus, O., about
eight weeks ago, died in Dr. Walsh's
office Tuesday. She and her hus
band had been living in a Cam
bridge lodging house.
Arraigned on the charge yester
day, Dr. Walsh pleaded not guilty
and the case was continued until
Nov. 27.
Ruhlen has not yet been ques
tioned by police.
NEGRO ON JURY
FOR FIRST TIME
Scottsboro, Ala. Nov. 14.—(UP)—
A grand jury on which a negro sat
for the first time in Scottsboro his
tory re-indicted the nine negro de
fendants in the famous Scottsboro
assault case last night, facing one
of the defendants with his fourth
trial on the 4-year-old charges. The
jury deliberated little more than
an hour before voting the indict
ments. There was no Indication
what part its lone negro member,
a Scottsboro laborer, played in the
secret discussion.
R«-indlctment of the nine was
necessitated by the decision of the
U. S. supreme court that conviction
of one of the defendants, Haygood
Patterson, was illegal because
negroes were excluded from Scotts
boro grand juries.
The nine men, all of them minors
when the crime allegedly was com
mitted, are accused of attacking
Mrs. Victoria Price and Ruby Bates,
girl hoboes who rode a freight train
into Paint Rock, Ala., in 1931. Miss
Bates has repudiated her testimony
in early hearings and she she per
jured herself, but Mrs. Price ap
peared before the grand Jury yes
terday to continue prosecution.
BRITISH WRECK
IS JUST HISTORY
Manila, P. I„ Nov. 14.—(UP)—
The wreck of the British freighter
Silver Hazel became history today,
entered in maritime records as an
incident that might have been dis
aster but for the heroism of the
victims and seamen of the U. S.
navy and merchant marine.
For a time at least, the books
were closed on the story of ship
wreck, privation and death in a
battle with a raging tropical sea
which claimed four lives but spared
those of the 52 others of the Silver
Hazel’s passengers and crew.
The dead were Mrs. Nell Wil
liams of Pasadena. Cal., and Bern
ard Charles MacPherson, 18-year
old apprentice seaman from Glou
cester, Eng. Their bodies were
brought here aboard the U. S. S.
Peary from the wreck scene off the
southern coast of the Island of
Luzop.
After probing the gloom of a
heightening tropical storm for
hours, the U. S. S. Bulmer aban
doned hope of recovering the
bodies of Captain H. A. Lennard,
the Silver Hazel's master, and a
Hindu seaman.
1934. The total for both periods was
105.000 bales.
Because of the difference in later
exchange the cotton exported to
Italy this year was valued at $6,
774.000 as compared with $7,333,000
for the 1934 period.
The department reported that
domestic consumption of cotton a
mounted to 552.187 bales, compared
to 523,032 in October, 1934. Domestic
consumption during August. Sep
tember and October amounted to
1,409,723 compared with 1.236,669 in
the three months ended Oct. 31,
1934.
NEW YORK CURB
Amer. Sup. 2% 3%
a*tles Service . 3 3
Elec. Bond St Share. 18% 18%
Niagara Hudson ... 9V. 9%
United Pounders . . .15-16 is-l«
S'ii, *
Iowa Gov. Pays Bet With
Pig-Gambling Charge Made
BY WALT BUNDLE
(United Press Stiff Correspondent.)
Des Moines, la., Nov. 14.—(UP)—
Gambling charges laced Gov. Clyde
L. Herring of Iowa to-day because
he paid a football bet by personal
ly delivering a sleek Iowa hfcg to
the governor of Minnesota.
Virgil Case, crusader and editor
of a Des Moines monthly paper,
swore out a stae warrant for Her
ring and said he would file federal
charges against Gov. Floyd Olson of
Minnesota to-day.
"I raise hell with public officials
and governors, too, because they
should be first to set an example
for others,” Case said. “The gov
ernor has no more right to gamble
on athletic contests than anyone
else.”
Floyd of Rosedale, the blue rib
bon hog herded into the Minnesota
capital at St. Paul by Herring yes
terday, is subject to seizure and
return to Iowa the crusading edi
tor said.
“If Olson disposes of that hog
he is going to be in bad shape with
the federal government,” Case
warned.
Under Iowa statutes, gambling is
a misdemeanor punishable by a
maximum fine of $500 and a year
in prison. The federal charge is
a felony, Case said, punishable by
a $5,000 fine and a prison sentence.
Neither governor appeared per
turbed. Herring promptly named
Olson and Sen. Dan Steck of Iowa
who accompanied him to St. Paul,
as his counsel. Amused at the
turn their friendly bet on the Iowa
Minnesota game had taken, the
governors conferred on legal pro
cedure in St. Paul last night. Olson
pointed out that if Herring re
mained in Minnesota he would be
assured of immunity from extradi
tion since the governor is the only
person authorized to approve his
removal to Iowa.
“In appearing as counsel in de
fense of the governor of Iowa, I
cannot be arrested," Olson said
when when Informed charges also
would be filed against him. “But
if the governor of Iowa will issue
an executive order for the arrest
of Floyd B. Olson of Minnesota, I
as governor of Minnesota will give
the matter a thorough hearing to
see that Floyd B. Olson’s consti
tutional rights are not infringed
upon.
“I also demand thath the hog be
subpenaed as a witness.”
Case, well known for his crusad
ing against “vice and corruption,”
saw “nothing amusing’' in the bet
and the attitudes of the governors.
SINO-JAPANESE
HOSTILITIES
Shanghai, Nov. 14.—(UP)—Per
sistent rumors of impending Slno
Japanese hostilities both In Shang
he', and in North China threw this
city of 2,000,000 people into panic
today. Although there were no new
developments in the tense situation
to warrant the increased nervous
ness.
In the native city of Chapel and
also in the Japanese district of the
international settlement, home of
about 30,000 Japanese, residents
were greatly alarmed. Many thous
ands have fled southward.
Taxicab owner, rikisha men and
local express companies reportedly
have exaggerated current rumors
to stimulate their business, which
have been booming.
CONNECTICUT SECURITIES
The R. F. Griggs Co.
PUBLIC UTILITY STOCKS
Bid Asked
Bridgeport Gas Lt. Co.. 36 39
Brld’port Hydraulic Co. 33 36
Conn. Elec. Service — 62% 64%
Conn. Gas ft Coke
com. 3% 4%
Conn. Gas St Coke
pfd. 49 62
Conn. Lt. St Pow.
6%% pfd.Ill
Conn. • Lt. St Pow.
6%% pfd.115
Conn. Power Co. xd ... 47% 49%
Conn. Ry. St Ltg. Co.
com. 17 22
Conn. Ry. St Ltg. Co.
pfd. 30 35
Hfd. Elect. Lt. <fo. com. 68 70
Hfd. Gas Lt. Co. com.. 42
Illuminating Shares A. 53 55
Nc v Haven Water Co. 76
South. N. E. Tel. Co... 128 132
INDUSTRIAL STOCKS
{ Bid Asked
Amn. Hardware Co. ..32 34
Bristol Brass Corp. com. 64 67
Colts Pat. Fire Arms
Co. 43% 45%
Eagle Lock Co.. 26 29
Eastern Malleable Iron. 4% 5%
Landers, Prary St
Clark . 47 49
New Brit. Mach. Co.
com. 17% 19%
North St Judd Mfg.
Co. 33 35
Peck, Stow St Wilcox
Co. 4 8
Remington Arms. 3% 4%
Scovill Mfg. Co. 32 34
Stanley Works Co. com. 34% 36%
Torrington Co. . 87 89
INSURANCE STOCKS
Bid Asked
Aetna Fire Ins. 56 58
Aetna Life Ins. . 35 37
Automobile Ins. 37% 39%
Conn. General . 37% 39%
Hartford Fire Ins. 78% 80%
Home Ins. . 34% 36%
National Fire Ins. .... 71 73
Phoenix Fire Ins. 89 92
Travelers Ins. 635 645
SCOVILL
MAlVtJFACTOBIKQ
COMPANY
He said he also would swear out a
warrant for Adjt Charles Orahl ol
Iowa, who packed the pig safely In
a heated express car for its trip to
Minnesota.
FLOOD WATERS
DAMAGE FRANCE
Paris, Nov. 14—(UP)—Flood wat
ers continued to sweep down the
valley of the Rhone river today,
spreading devastation. ,
Towns all along the Rhone’s 500
mlle course, from its source In
Switzerland to Its delta In the Gulf
of Lyons, were dangerously inun
dated, crops were destroyed and
roads and communications dis
rupted.
The river still was rising at a
rate of nearly two inches an hour
today, the second day of the flood,
and the peak will not be reached
for several days, even If torrential
rains still falling cease. Many of
Rhone’s tributaries are flooded.
TORCH MURDER IS
CLOSE TO FINALE
Cambridge, Mus., Nov. 14.—
(UP)—Hudson’s torch murder cue,
with Prank Di Staslo, 83, Revere
candy manufacturer, u defendant,
probably will go to the Jury today.
Di Staslo Is charged with
bludgeoning and burning to death
Daniel Crowley, a Boston freight
handler, at Hudson last May. The
state claims Dt Staslo hoped that
Crowley’s body would be Identified
u his, thereby permitting his fam
ily to collect $20,000 Insurance.
Di Staslo’s 23-year-old son An
thony was a co-defendant In the
three week trial until yesterday
when Superior Judge Nelson P.
Brown directed a verdict of acquit
tal The son was rearrested Imme
diately on an accessory charge.
Edward M. Shanley, defense coun
sel, was to finish his final argument
this morning. This was to be fol
lowed by the summation of Assist
ant District-Attorney Daniel J.
Doherty and the judge’s charge.
Closing Prices
VTHITEHODSB * CO. TeL 4-1111
Yesterday’s Today’s
Close , Close
Adams Express .8%
Air Reduc.168%
Alaska Jun.17%
Allied Chem.161%
Allls-Chalmers. 35%
Amer. Bank Note 45%
Am. Can . 143
Amer. Car Sc Fdry. 34%
Am. For. Pwr. .6%
Amer. Int’l.10%
Amer. Metals.27%
Amer. Pwr. Sc Lt. .. 8%
Am. Rad Stan. San. 19%
Am. Roll. Mills .... 30%
Am. Sm. Ref.58%
Amer. steel Fdry. .. 24%
Amer. Sugar .56%
Am. Tel. & Tel.148%
Am. Tobacco B_103%
Anaconda Coj.21%
Atch. Top. Sc S. F. .. 50%
Atlantic Ref.24%
Auburn Auto . 37%
Baldwin Loco.2%
Balt. Sc Ohio . 14%
Beldlng Hemingway 13%
Bendlx Aviation ... 22
Beth. Steel .45%
Blaw Knox. 16%
Bohn Alum.. 48%
Borden . 27%
Borg Warner .59%
But. Brass . 16
Briggs Mfg.52%
Bullard Co.20%
Burroughs Add.26%
Byers A. M.18%
Canada Dry ..13%
Can. Pacific . 10%
Case Mach.102
Celanese Corp.28%
Cerro De Pasco .... 58%
Certaln-teed Prod. ..7%
Ches. Sc Ohio .49%
Chick. Cotton Oil ... 26%
Chrysler Motor.85%
Columbia Oas . 14%
Columbia Carbon ... 96%
Com’l Inv. Tr. .58%
Coml. Solvents. 20%
Com. Southern . 2%
Congoleum . 40
Con. Film . 6%
Con. Film pr. . 19
Con. Oas .32
Cons. OH Corp.9%
Container Corp.18%
Continental Can. ... 95
Cont. Oil of Del ... 25%
Com Products. 71%
Coty, Inc.5%
Curtiss-Wright A ... 8%
Deere Sc Co.65%
Dela. Lack.15%
DuPont ..139%
Douglas Aircraft ..33%
Eastman Kodak ....166%
Elec. Auto*Llte -35
Elec. P. Sc L. 5%
Eqult. Office Bldg. . 5%
Erie R. R.10%
Foster Wheeler .... 21%
Freeport Texas .... 27
Firestone Tire .16%
First Nat’l Stores .. 46
General Asphalt .. 19%
General Elec.39%
General Foods .... 32%
General Motors .... 57%
GUlete Razor .16%
Gold Dust . 16%
Goodrich . 11%
Goodyear .21%
Grt. North, pfd .... 28
Grt. West. Sugar .. 30%
Houdallle Hershey . 27
Howe Sound . 53%
Hudson Motors.15%
111. Cent. R. R. .... 15%
Indust. Rayon .32
Int’l Cement .32%
Int’l Harvester .... 58%
IntT Nickel .36%
Int’l Tel. Sc Tel. ... 11
Johns Mahville .... 97
Kayser (Jul) Sc Co.. 26
9%
170%
15%
163%
36%
46%
144%
26
7%
10%
27%
8%
20%
31%
59%
24%
56%
149
104%
22%
61%
25
37%
2%
15%
13%
22%
48
16%
50%
27%
61%
16
53%
21%
26%
18%
13%
10%
105%
28%
69%
7%
51%
27%
87%
15
98%
60
21%
2%
40%
5%
19%
32%
9%
18%
96%
26%
73%
5%
8%
57%
15%
141%
34%
166%
35%
6%
5%
10%
22
28*
16%
46
19%
39%
58%
17%
17%
12%
22%
29%
30*
27
54%
15%
16%
32
34
62%
38
12
98%
26
Yesterday’s Today’s
Close Close
Kelvinator . 14%
.. 22%
..116%
.. 33%
40%
Kennecott Cop.27%
Kresge Stores .27%
Kroger Groceries .. 26%
Lambert Chem. .
Lig. & Myers B .
Liquid Carbonic
Loews .
Lorlllard . . 26
McKesson Sc Rob
bins . 8%
McKesson Sc Rob
bins pfd.51
Mack Truck .21%
Marine Midland ... 9%
R. H. Macy .52%
Math. Alkali . 31%
Mex. Seaboard OH. 31%
Minn. Honeywell ..140
Mohawk Carpet .... 21%
Mont. Ward .36%
Murray Corp.18%
Nash Motors .-17%
Nat’l Biscuit .35%
Nat’l Cash Reg.20%
Nat’l Dairy . 18%
Nat’l Dlst.32
Natl Pow. St L. .. 10%
N. Y. Central . 23%
New Haven R. R. .. 2%
N. Haven R. R. pr. .. 6%
North Am. 26%
Packard Motors .... 6%
Penney, (J. C.) .... 79%
Penn. R. R. .28%
Phelps Dodge . 24%
Phillips Petro .35%
Proctor Gamble ... 48%
Pub. Ser. of N. J. .. 44
Pullman Co..33%
Radio . 9%
Radio Keith . 4%
Rem. Rand .14%
Rep. Iron St Steel . 19
Sears-Roebuck .62%
Simmons Co.18%
South Pac.19%
Southern Rwy. 9%
Sparks Wlthlngton . 6%
Standard Brands ... 14%
Stand. Gas St Elec. . 5%
S. O. of Cal.37%
S. O. of N. J.49
Socony Vacuum ... 11%
Sperry Corp.11%
Stewart-Wamer .... 16%
Stone St. Webster .. 12%
Texas Corp.22%
Texas Gulf . 30%
Texas Pac. L. T. .. 9%
Timken Roller .... 66%
Trans. Am.11%
Union Carbide .70%
Union Pacific .100%
United Aircraft — 20%
United Corp. 6%
United Fruit .68%
United Gas Imp.... 17%
U. S. Indus. Alco.. 46
U. 3. Pipe Sc Fdry.. 19%
U. S. Rubber . 14%
U. S. Rubber pr— 40%
U. S. Steel pfd.Ill
U. S. Smelt., Refln.
St Min. Co.96%
United Stores A. ... 6
Vanadium . 19%
Walgreen .29%
Warner Bros. .1.... 8%
Western Md. 7%
Western Union .... 73%
Westlnghouse Elec.. 94%
Westvaco Chlor. .... 23
Woolworth .56%
Worthington Pump.. 22
Total sales .3,950,000
15%
28%
27%
26%
23%
116%
34%
51%
26%
8
50%
21%
9%
53
31%
31%
142%
22
37%
18%
17%
35%
20
18%
32
10%
24%
2%
7
26%
6%
81
29%
25%
36%
47%
44%
35%
10
5%
14%
19%
' 65%
18%
19%
10%
6%
14%
5%
37%
49%
12
12%
17
13%
23%
30%
9%
88
11%
73%
99%
21%
6%
70%
18
47%
20%
14%
40%
111%
96%
5%
19%
30%
9
8%
73%
95%
24%
57
23
shares
DOW JONES AVERAGES
30 20 20
Indus. R. R. Util.
11 a. m.
12 m. ..
1 p. m.
2 p. m.
3 p. m.
.144.62 36.78 28.90
.145.17 37.08 29.03
.145.13 36.99 29.19
.145.41 36.91 29.33
.14558 36.93 29.07
DOES YOUR HOME NEED
REPAIRS OR ALTERATIONS?
Do you own an apartment house which would rent *
easier if improved? Today, the word is “modern
ize.” And to help you, The Waterbury Trust Co. is
prepared to make loans under provisions of the new
National Housing Act for the improvement of
homes, apartments, farm buildings and business
property.
1. Repair Roof 4. Modernize Plumbing
2. Re-paint 5. Add Sleeping Porch
3. Re-paper 6. Enlarge Garage
The WATERBURY TRUST
1S1-1M GRAND ST. COMPANY
Most Active Trading
Since February 1934
Wall Street Responded to the Statement of Secretary
Roper That Govt. Reform Had Been Concluded
By ELMER C. WALZER
(United Pres* Financial Editor)
New York, Nov. 14—(UP)— :
Stocks were whirled up to a new 1
four-year high today in the most
active trading since February 7, i
1934 as Wall Street responded to a ;
statement by Secretary Roper to the <
effect that government reform for i
business had been concluded.
U. S. Steel started on an Initial
block of 10,000 shares at 49, contin
ued to rise to a new high for the
year at 60 1-8 where It was up 2.
Bethlehem made a new top. So did
American Rolling Mill and National
Steel. Gains ranged to 3 points.
Railroad Issues view with the
steels for leadership. Great North
empreferred made a new high.
Atchison gained more than 2 points.
Norfolk dc Western touched 199 1-2,
up 41-2 and a new high. Chesepeake
dr Ohio hit 52, up 2 1-8 for the first
time this year.
Amusement shares had their
fling. Warner Brothers pictures on
a block of 12,000 shares sold at a
new top at 9. Loew’s made a new
high and heavy trading was noted
In Radlo-Kelth-Orpheum. Motors
were bid up. Chrysler came near Its
high since 1929. It touched 88 1-4,
up 2 3-4. General Motors made a
new top at 59 1-4, up 1 3-8. Last of
groups to lead was the farm equip
ment where Case ran up to 108, up
3 1-2. Wheat was up 2 cents a
bushel.
Inreftment Trait Quotations
G. T. CULHANE CO, INC.
68 Center Street
Bid Asked
Amerex Holding Corp.. 11% 13%
Amer. Founders Corp.
6% pfd. 35 38
Amer, Founders Corp.
7 h pfd. 35% 39
Amer. dr Gen. Secs. A. 10 12
Amer. dc Gen. Secs
Corp. $3 pfd. 45 50
Associated Standard Oil
Stocks . 6% 8%
British Type Investors
Class A.34 .54
Century Shares .26.35 28.33
Diversified Trustee
Shares B. 9
Diversified Trustee
Shares C. 3.95 4.25
Diversified Trustee
Shares D. 6% 6%
Dividend Shares . 1.54 1.66
Equity Corp. of Del. pfd. 35% 39%
Fix'd Trust Shares A. 10.56
Fixed Trust Shares B. 8.79
Incorporated Investors. 19.96 21.46
Int. Sec. Corp. of Am
erica 6% pfd. 43 47
Int. Sec. Corp. of Am
erica 6%% pfd. .... 44 48
Massachusetts Investors
Trust .23.53 25.58
Nationwide Sec. B.4.12 4.22
North American Trust
Shares 1955 . 3.03
Second Interna
tional Sec. A. com... 2% 3%
S e . o n d Interna
tional Sec. 6% pfd. .. 38 41
Spencer Trask Fund... 18.66 19.83
Trusteed N. Y. Bank
Shares . 1.47 1.67
U. S. Elec. Light dc
Power Shares A. .... 17% 17%
U. S. Elec. Light dc
Power Shares B. ...; 2.62 2.73
U. S. dc British Int. Co.
$3 pfd. . 16 20
HOME LOAN BONDS
Bid Asked
Home Owners’ Loan
2%’s . 99.1 99.20
Home Owners’ Loan
3’s .100.6 100.24
Having whirled up various groups,
raders took profits. Near the close
ending issues were below highs, but
leld gains.
Wall Street was Impressed with'
ability of the market to absorb
>rofit-taking although there was in
sreaslng caution among traders as
group after group rose. Many an
neanwhlle remaining bullish on the
onger term for the market.
WOOL MARKET.
pool in Boston were slower than at
srol in Boston were slower than at
my time last week, according to
today’s report of the U. 8. Agricul
ture department.
Prices, however, continued mostly
firm. Strong asking prices above
srhat mills were willing to pay were
given as one reason for slower
trade. Medium Ohio and similar
fleeces moved at 38 cents in the
grease for fair amounts, and at 38
L-2 cents for small quantities of
strictly combing 56s, and at 38 1-3
cents for small quantities of strictly
combing 56s, 3-8 blood and 48s, 60s,
1-4 blood. Strictly combing 56s, 3-8
Mood, territory wools moved at 7171
75'cents scoured basis.
N. Y. Bank & Trait Stocks
I The R. F. Griggs Co.
Bid Asked
Bank of Manhattan ..36 20
Bank of N. Y. 6c Trust 465 485
Bankers Trust . 6214 6514
Cent. Hanover Bank 6c
Trust . 123 129
Chase National Bank.. 3414 3714
Chemical Bank 6c Trust 52 65
Corn Exchange Bank.. 50 63
Empire Trust . 1914 2214
First National Bank. .1775 1875
Guaranty Trust . 297 306
Irving Trust . 1514 1714
Manufacturers Trust .. 38 41
National City Bank .... 3114 3414
New York Trust . 121 126
Title Guar. 6c Trust .. 11 13
The mar\ that identifiot good
Bnut and Copper produdU
Chase Brass & Copper to
INI AMERICAN SRAM
COMPANY
COPPER • BRASS
BRONZE
Small Diameter Seamless Tubas
A SERVICE
for our patrons
I
T is now possible for our patrons
to purchase at this bank AMERICAN
EXPRESS TRAVELERS CHEQUES.
These Cheques, known throughout the
world and acceptable as cash, be
come your “personal funds” when
traveling. If they should be inadvert
ently lost or stolen before you have
signed them a second time, the
amount involved will be refunded to
you.
The denominations are $10, $20, $50,
$100 and the charge 75c per $100
purchased.
The COLONIAL
TRUST Company
Member of the Federal Deposit Insurance Corporation