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THE TIMES: JANUARY 31, 1918
11 .MnnniiimimiUOTmnmmuimiiiuiiminmm iimmMiuimimmiiiiininmiiiumiiitiiiiMmmimuumuniw 2Sll EtSltO a"d lm"QJlFSliniDB ftniiimmtiiimiiimnimniimimiiiiiiiminuinmiiiniiniii World of pinance D.S. NOW DO AS BANKING T RE ASUR POWER, Y REPORTS Comptroller of Currency in Annual Statement of Congress Reviews Rise of This Government to First Place Among World's Financial Powers. siiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiinu: STOCK MARKET tiiiniiiiiimimmtiiiiiimiimiiiiiimiiii: New York, Jan. 31 Opening Ad vances at . the opening of today's stock market were fairly well distri- Duiea among steels, coppers, eii-ip- ments, railroads and war issues as a whole. Gains In these gToups ex tended to a point in several instances approximating two points. Special ties were represented by Texas Co., Industrial Alcohol, General Motors and International Paper. Leaders indicated further short covering. Noon. Trading switched largely to railroads later, the inquiry being the broadest of recent weeks. Standard issues gained one to 2 1-2 points, mi nor railroads also displaying unusual activity. The movement followed an nouncement of a grant of increased! rates to transcontinental roads and publication of a summary of the re quested railroad wage increase. In dustrials under lead of United States Steel also extended Initial gains with popular equipments and specialties. Liberty 3 l-2s at 97.20 and second 4s at 95.78 recorded new lows, the first 4s repeating their low at 96.50. Washington, Jan. 31 How the United States has become the domi nant banking power of the world is shown in the annual report of the Comptroller of the Currency, John Skelton Williams, presented today to Congress. Comptroller Williams estimates the whole banking power of the nation at $73,529,000,000, an increase of more than $14,000,000.(0 since the be ginning of President Wilson's admin istration. Taking the latest estimate of the banking power of the -world, placed in 1880 at $15,558,000,000, America's increase is alone nearly equal to the world's combined banking power 27 years ago, and on that basis now two and a half times as great. National banks of the United States, Comptroller Williams declares, are stronger,- ssfcr, more observant of laws and more efficiently managed than ever before. Their resources $18,553,197,000 are by more than two billion dollars greater than ever before and exceed by about the same amount the combined resources of all state banks, private banks and trust companies. Under three years of the Federal Reserve system na tional bank resources have increased more than $7,000,000,000. Comptroller Williams, however, couples his report of this enormous growth with a warning that duties and responsibilities have increased no less than the resources. "It is of supreme importance," he says "that allurements of profit from commerce or industry in this country or in neutral countries, not essential to our success in the war, should not induce us to divert or dis sipate the capital or financial re sources of our people." The danger from decline of earn ing capacity of public utility corpora tions and conseuent shrinking of values in their securities, the comp troller warns, is a real danger which should stimulate the efforts of con gress and every patriotic citizen. First relief, he thinks might come from state commissions and munici pal authorities, and he expresses the hope that congress will directly or in directly provide for the advancing of money to corporations where it is necessary to insure proper service to unusual, the comptroller admits, but he points out that the times are un usual. Government guarantee of bank de posits in sums under $5,000, the comp troller believes would bring into use much hoarded money and he renews his recommendation to congress to enact such a law. A great volume of statistical in formation attached to the report shows the increasing growth of the banking system and the reduction in failures and losses. America CHOONER AFIRE OFF FRANCE New York Stock Exchange Quotations Reported over the private wires of T. L. Watson & Co.. Bankers and "Srokers, corner Main and John streets, Bridgeport Conn. Members of New York Stock Exchange. New York, Jan. 31, 1918. " " " - "i "mi ' ,.M,-m.. -T!SS?W 1 1 Thotograph of an American schooner off St. Nazaire, France, ablaze from stem to stern. The ships of the allies hesitate to go to the rescue of burning craft, for German commanders have adopted the decoy of a simu lated ship in distress to bring their prey within torpedo distance. HARRIS IS SUED FOR DAMAGES IN AUTO COLLISION ECHOES OF THE PAST Ten years ago today, on Jan. in, 1SOS, Charley Neary and Freddie Welsh fought a ten-round draw in Milwaukee. This was the last impor tant ring bout of Neary, the ruggetdi little scrapper who was for several Countersult involving the automo bile accident at Main and Grand streets in which automobiles driven years one "of the top-notchers of the by Axel Swanson, of Trumbull, and ; lightweight ditision. ' Neary was bom Henry E. Harris, of the Harris En-1 in Milwaukee, and grew to a height gineering Co., of this city collided, in ibf 5 feet 4 3-4 inches. He commenced which damages of $3,000 are claimed by Frieda Swanson, ' has been filed h gainst Harris in the Superior court. Harris already has suits pending in which he claims damages from Swan !on. The accident occurred November 3. Swanson and Mrs. Swanson were seridusly injured, and Harris was also hurt. Each blamed the other for the I accident. I In the suit filed today Swanson "alleges Harris was to blame, and asserts she was dangerously bruised and has suffered permanent injuries. She wants $3,000. ELEVEN BARGES OF COAL STUCK IN ICE GORGES fighting in that city in 1900. After several victories he was knocked out by Jack Dougherty, the Englishman, in 1901, but lfe got back at Jack with the same medicine a cm' jf years later. In' 1903 he whin: EJattling Nelson and Kid Broad knocked Out Kid Herman, Johnny Thompson and Kid Farmer. Then followed a couple of draws with Aurelio Herrera, the Mexican, and a defeat by Benny Yanger. In 1906 Jveary handed the Frieda I sleep punch to Herrera and Kid Far mer, but was himself put to sleep ty Jimmy Briggs in a bout at Los An geles. He fought Packey IMcFarland in 1907, but was defeated. Allis Chalmers Am. Beet Sugar Am. Car & Fdy. Am. Can Am. Cotton Oil Co. Am. Locomotive Am. Tobacco Am. Smelt. & Re. Co. Am. Sug. Refg. Co. Am. Tel. & Tele. Am. Woolen Am. Zinc ' Atl. Gulf & W. Indies Atch. T. & S. Fe x Div. Anaconda Copper , Baldwin Loco. Baltimore & Ohio Bethlehem Steel "B" Beth. Steel 8 pr. Brooklyn Rapid Trans. Butte & Sup. Canadian Pacific Cen. Leather Co. Chi. M. & St. Paul Chi. & Great W. Chi. Rk. Island Jfc Pac. Chi., R. I. & Pac. pfd. A. Chi., R. I. & Pac. pfd. R Chile Copper Chino Chesapeake & Ohio Consolidated Gs Col. Fuel & Iron Corn Products Corn" Products Pfd. Crucible Steel Cuban Cane Sugar Del. Hudson Distilleries Securities Erie Erie 1st Pfd. General Electric General Motors Goodrich Co. Gt. Northern Pfd. ' Gt. Northern Ore Green Cananea Illinois Central Inspiration Copper International Nickel Inter-borough Interborough Cons. Pfd. , Inter. Harvester Inter. Mer. Marine Inter. Mer. Marine Pfd. International Paper Kansas City Su. Kennecott Copper Lackawanna Steel Louis & Nashville Lehigh Valley Maxwell Motors Mex. Petroleum Midvale Steel Missouri Pacific Miami Copper Nevada Cons. Nat. Enamling Norfolk & Western Northern Pacific N. Y. Central N. Y., N. H. & H. N. Y., Ont. & West Pittsburgh Coal Pennsylvania Pressed Steel Car Ray Cons. Reading Repub. Iron & Steel Ry. Steel Spring Sinclair Oil, X Div. Sloss Sheffield & Iron Southern Pacific Southern Railway Sonthern Railway Pfd. Studebaker Cor. Tenn. Copper Texas Oil Tobacco Products Union Pacific United Cigar Stores United Fruit U. S. Ind. Alcohol U. S. Rubber U. S. Steel U. S. Smelter Utah Copper Wabash Pfd. A. West. Union Tel. Westinghouse Electric Western Maryland Willys Overland U. S. Government Bonds. Liberty 3a Liberty 4s STATE SAYS HAVE FUEL HEAD FEW PLACES COAL SUPPLY Shore Line Trolley Co. Faces Crisis With Only 48 Hours' Supply in Its Bins Break in Severe Cold Spell Only Hope for Immediate Relief, Administrator Says. COCHRAN AND SUTTON SPLIT. -Vineyard Haven, Mass., Jan. 31. Eloven barges with 20,000 tons of coal for Boston, held here since Sunday by great drifts of ice, were unable to proceed today, and skippers reported that even if the ice should clear, weather conditions outside were too rough to attempt a voyage through the Sc- J. A five masted schooner which left a Hrazilian port on Nov. 3 . came in for shelter several days ago and is fast in the Ice. No coal from the mainland has reached Martha's Vineyard since Tuesday. Walker Cochran and handless Geo. Sutton began a series of handicap billard games at Maurice Daly's Daly's Academy yesterday. Cochran played 18.1 balkline against 18.2 by Sutton. In the afternoon Cochran won by a score of 250 to 132, his high run being 98. Sutton made a high run ' of 78. In the evening game Sutton was the victor with the score 250 to 184. Sutton made a high run of 74 as against one of 50 by Coch 20 78 72 39 32 58 164 83 106 105 49 15 105 85 63 62 52 78 100 44 20 14794 67 45 7 21 63 17 43 54 91 38 33 93 57 33 110 41 15 26 134 126 47 90 28 41 96 46 29 8 45' 120 24 92 29 17 33 77 114 58 27 92 45 22 33 19 43 104 84 71 29 20 46 46 62 23 74 77 52 33 41 83 24 58 52 17 154 . 55 115 95 124 122 56 95 45 82 42 90 41 13 18 97.30 95.86 Boston 1:30 P. M. Prices Reported Over Private Wire to T. L. Watson & Co. Arizona Com. . 12 Am. Zinc u Butte & Superior 19 Cal. & Hecla 445 Copper Range 47 Greene Cananea 41 Mohawk , 61 North Butte 15 Pond Creek 19 Utah Consol. 11 Ventura 8 FUNFRAT, BOUQUET AND DESIGNS. JOHN RECK & SON ADVERTISE EN THE TIMES TODAY'S WANTS FLATS TO RENT 1483 Boston Ave. Five rooms, all Improvements. 2 minutes walk from Remington Arms. Inquire 875 State St. or at premises. AH s9 Hartford, Jan. 31 Probably not more than two or three cities or towns in Connecticut have enough coal to meet their domestic needs for two weeks according to an announce ment made yesterday in an interview by Thomas W. Russell, United States Fuel Administrator for Connecticut and chairman of .the coal committee of the Connecticut State Council of Defense. The fuel situation is bad throughout the state, he added, es pecially in the southern part, where the Shore Line trolley company has only coal enough to keep it running for another 48 hours. Mr. Russell describes the railroad congestion which has brought the situation to a head and when asked if there was any relief In sight said, "None except such as the weather man may send." "It is doubtful if more than two or three localities in the state of Con necticut have domestic coal enough to last two weeks," Mr. Russell said. "Most localities In the state have o-Jy enough coal for one week and some of the small places have absolutely no coal. This refers to anthracite coal for domestic use. Generally speaking the supplies of bituminous coal are proportionately slightly larger than those of anthracite. The biggest difficulty in the bituminous situation is that it is unequally distributed and that while some factories have enough on hand for several months some have only enough for 48 hours. The Public Utilities companies, espec ially the light and power companies have on an average only a very few days' supply. In the case of the Shore Line Electric Railway Co, it is doubtful if it can operate trolley cars for more than 48 hours more, unless we are successful In our efforts to di vert coal to its power houses at Hall ville, Saybrook, Mystic and Thames ville." Mr. Russell was asked how Connec ticut gots its coal, and he said that for the most part cities and the territory adjacent to them on Long Island Sound are supplied with tide-water coal from New York. While the in land section of the Start receives all rail coal largely from Mayfcrook, Har lem River and several other smaller Junction. The Ice conditions In New York harbor are responsible for a considerable share of the coal famine in Connecticut, according to Mr. Rus sell. "Owing to winter conflations," he said, "the unloading piers at New York, although they are now being worked 20 hours a day, are unable to load the normal amount of coal Into barges. The cold weather increases the difficulty of loading and unload ing and also freezes the coal in the cars so that It calls for an extra amount of labor to transfer it. The large amount of ice in the North River and also in the Bast River up to Whitestone Landing has Tery greatly hampered transportation by water. In some cases because the unloading piers are frozen in and a iumber of other cases because tne ice has broken the propellers of tugs a well as strained the (barges so that some have rone down at the docks. Also, due to the effect of tides a very bad ice Jam has formed west of Whitestone Landtag, making it ex tremely difficult for tows of barges to work through." In reference to the an-rau com routes through Maywroois, bkiu River and other smaller Junctions, (Mr. Russell said: U3ie omce oi railroad tells me that tne yaras a Harlem River are in fairly good shape regarding congestion, but here, again, t,o ica in New York Baroor isavwj large handicap when it comes to tow inc car-floats , from the terminals of New York to ittariem The conditions at w'"" T badly congested two wetwus aso, since then have shown a great deal of improvement, altnougn, wuiS alck of motive power, xne unable to clean up u yards as rapidly as might be expect ed. . ,. "Points west Of mayuruu. blocked and as a result rail coal for New England is being diverted to other places. The railroad conditions at Maybrook prevent coal-carrying roads from bringing more cars into Maybrook until the situation there has been cleaned up. It seems to me that the people are paying at this time rather dearly for the criticism and hostility shown the railroads dur ing the past ten years, reducing their earning power to such a point that it has been almost impossible financially for them to purchase locomotives and equipment during the pasi rwo years, "There now are at Maybrook something over 1,500 cars, of which probably 500 are cars of coal. I am told that at connecting points west of Maybroook there are probably more than that number of cars of coal awaiting shipment over the New Ha ven system. When asked how much coal there is on the rails in Connecticut Mr.Rus sell said, "Heaven only knows. It has been figured that on the railroads of New England in normal times 43 per cent, of the entire freight tonnage handled is coal, and that the average for the entire country is something over 80 per cent I' 1 knew each day how many cars there were on the lines of the New Haven railroad I could probably obtain the approxi mate number of coal cars by taking about 33 per cent of this total." Whan asked what towns in Connec ticut are in the worst shape for coal. Mr. Rnssell said it was hard to "put your finger on any which waa In FINANCIAL . OVER FIFTY YEARS - ' , 3 PER CENT. INTEREST ON YOUR CHECKING ACCOUNT We think this will appeal to you particularly In view of our experience " of over fifty years In banking. We can assure yon of safety, satisfactory conduct of your business, and courteous treatment Interact credited to accounts monthly. "- We would like to tell you about our methods. Call us on the 'phone or come in and see us. T. L. WATSON & CO. PRIVATE BANKERS ' CORNER MAIN AND JOHN STREETS Established 1866 worse shape than the others." Wind sor Locks, Farmington, New London and other places along the Sound and Manchester, he mentioned as among the communities hardest hit "Is there any relief -in sight" Mr. Russell was asked. "There is none," he replied, "ex cept such as the weather man may send." j Asked about efforts to overcome the situation, Mr. Russell said that a plan had been worked out for secur ing emergency tide-water coal at Belle Dock, New Haven, for distribu tion by rail to points in Connecti cut where it is most needed, but that me Tiei Adananistration in Washing ton had made the carrying out of this pian impossible." "After having our plan approved by the president of the New Haven road, we wired Washington requesting an order for loading barges at the piers in New York and unloading them at Belle Dock, New Haven, into coal cars for delivery to retail dealers in In terior Connecticut points badly in need of coal," Mr. Russell said. "The reply was this wire," and he tossed to the reporter the following tele gram from the fuel administration at Washington: "With weather conditions which have prevailed, docks at New York and Philadelphia are being taxed to the utmost to do what they have been doing. It is impossible to get further tonnage through for movement to in terior Connecticut towns via Belle Dock, New Haven. They are now working in shifts of 19 hours each, and are even then unable to supply New York, Brooklyn and your Con necticut coast communities.' " "Already we have succeeded sev eral times In keeping some of the largest plants in the state from clos ing down," Mr. Russell went on, "by diverting cars on the rails to them. In a number of instances also we have kept electric light companies and trolley companies from closing down by following this method. We also have had to divert cars on the rails for relief to domestic consumers in cities Is & number of instances. "The mayor of one large Connecti cut city said to me in a telephone con versation this morning that if it were not for the existence of the fuel ad ministration, he believed that average householders would now be paying $20 a ton for coal. In the present conditions if coal were $20 a ton in Connecticut, I haven't the slightest idea that Connecticut would be re ceiving any more coal than it is at the present time. It would merely be a case of higher price and no more coal. "We have been successful several times in diverting a sufficient supply of coal to the Old Soldiers' Home at Groton and several other state insti tutions which were entirely out- of fuel, to keep the inmates from suf-1 fering. "More or less has been printed about the Storrow emergency coal which is supposed to come into New England. This is an additional supply of 500 cars a day of all-rail coal. Of the theoretical 500 cars a day, the first 200 cars were to be delivered each day to the railroads of New England for their own use in keeping the loco motives running. My understanding is that up to the present time there has not been hardly enough of this coal received to meet the railroads' demands for 200 cars a day. "In the anthracite situation our principal aim has been to bring about as far as possible an absolutely equal division of coal among consumers in need, and for this reason it has seem ed necessary to put into force the emergency check of requiring writ ten statements as to coal on hand and limiting the maximum sold to any In dividual., While this undoubtedly has caused much inconvenience to pur chasers, we have the satisfaction of feeling that it has resulted in a fairer distribution than would have been possible under any other sys tem. "In some places like Waterbury, the fuel committee has actually been seizing coal originally intended for factories and diverting it to domestic use. The local fuel administrator in Waterbury seized seven cars in this manner on the 18th, 19th and 29th of this month and has continued to do it where it has been necessary. This coal is turned over to the dealers and distributed for domestic use where it is imperatively needed under the local ' fuel administrator's order. We have authorized our local chair men all over thes tate to do this wherever it is imperative, and al though we cannot tell Just how many cars have been so diverted, we know it is a considerable number." AUCTION SALE OF USED GARS Friday, Feb. 1 at 1:30 AND EVERY FRIDAY AT Ford's Garage 445 STRATFORD AVENUE The only way to dispose of used cars. If you have a car to sell or want to buy a car fol low these sales every Friday. Doc Elwood AUCTIONEER 280 FAIRFIELD AVENUE Tel. 3585 r J STATE OF CONNECTICUT, DISTRICT OP BRIDGEPORT, ss, PROBATE COURT. January 29, 1918. Estate of Jane S. Cody, late of the town of Bridgeport in said district, deceased. The Court of Probate for the Dis trict of Bridgeport hath limited and allowed six months from the . date hereof for the Creditors 01 said Estate to exhibit their claims for settlement. Those who neglect to pre sent their accounts, properly attested, within said time, will be debarred a recovery. All persons indebed to said estate are requested to make imme diate payment to WM. J. CODY, Administrator, c. t a. 1655 Main Street A 31 s TODAY IN PUGILISTIC ANNALS 1910 Leach Cross outpointed Madden in ten rounds at Brooklyn. 1911 Fronk Klaus and Jimmy Gardiner fought a 12-round draw at Boston. 1911 Young Britt defeated Monte Attel in fifteen rounds at Baltimore. 1912 Tommy Murphy and One Round Hogan fought a 20-round drow at San Francisco. If Harry Frazee wotiM- only take on Connie Mack as manager, most of the Red Sox would feel quite at home. Eight of Mack's one tkne champions are to wear the Red Sox uniform next What Is Concrete? Concrete a manufac tured stone is made by mixing together Port land Cement, sand and stone (or gravel.) Var ious proportions of each iare used, depending upon the use to which the con crete is put. About half an hour after mixing these materials together, the mass begin to stiffen, until, in from half-a-day to a day, it becomes so hard that you cannot dent it with the hand. By a month the mass is hard like stone indeed, hard er than most stones. We have many book lets relating to concrete and cement work which we would be pleased to send you. The Wheeler & Eowes Co MASONS' MATERIAL BRIDGEPORT Phone Barnum 344-345-346 The City National Bank Savings Department Fays Per Cent. Interest Start Saving Jfow 107 WALLL STR IS UrT v J THE CONNECTICUT NATIONAL BANK OP ' BRIDGEPORT Cor. Main and Wall Streets ABUNDANT EVIDENCE that payment by check is the mos practical medium of settlement 1i ' noted every day. No worry about risl of funds or missing receipt For safety and good service, have t Checking Account with us. Come il ' and start one now. JAMES STAPLES & CO. 189 STATE STREET PARK OP BROWNS TO FIX. Lexington, Ky, Jan. Si Jim Park, former pitcher for the St Louis Americans, before that a star of the gridinbn and diamond for the Univers ity of Kentucky, has passed physical examination for service as an aviator and is here awaiting call to service. ADVERTISE IS THE TIMES PATENTS A M. WOOSTER Late Examiner TT. S. Patent Office J115 MAIN STREET, BRIDGEPORT Send for booklet on patents TRUSTEE'S SALE All the stock in trade, consisting oj ladies' cloaks, men's suits, waists, etc, 'and fixtures of The New York Clothing Co., formerly conducted by Max Cohen 502 East Main Street Bridgeport, Ct, will be sold on said premises at pubt sale, Tuesday, Feb. 5th, at 2 p. aft. The right is reserved to reject se4 and all bids. A. R, ABRIOLA, Trustee, 1996 Main Street, Bridgeport, Cbna A31 s Phone Banmm S759 DISTRICT OF BRIDGEPORT, ss., PROBATE COURT. January 30, A. D., 1918. Estate of Comete L. H. Stead, of tbi town of Bridgeport In said district incompetent , Upon the application of Comete I H. Stead, praying that she be restore) to her capacity and property, as pa application on file more fully appear! it is Ordered That said application a heard and determined at the probati office. In Bridgeport, in said distrlcl on the 4th day of February, A. Di 1918, at 11:30 o'clock in the forenoon and that notice be given of the pend ency of said application and the tin and place of hearing thereon, by pub lishing this order once in some new paper having a circulation in said di trict on or before the 31st day q January, 1918, and, return make t this court. PAUL L. MILLER, a Judge. Times Want Ads. Bring Bed Results '