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THE TIMES: FEBRUARY 26, 1318 - ' ' . ' - . '
g gninnmHimmirmiiwmnmnmnnniimHmfmimiimtHHim IE,IrusiEiC329 Rosil Estate ass IiiiiLiFsiiniGB frimtiiiitiitiiiiiiiiiiiiiiiiiiimiiiiinunniimiiiiiuiiiiiiim FINANCIAL V World of pinance SunuiiiuiiiMiiiiiiiiiiiiuiiiiiiiiiiiniiim'j 5 i 5 Watson's Weekly 1 I Letter 1 5himiiiiimimiHiiimnniimiiii!::uniiS Financial conditions have been fa vorable to a specialty market, and prices of attractive Industrial Issues are higher than last week because of a recognition of their increased value. Many domestic factors still support conservative constructive action In tho market We refer to the pending .railroad legislation, evidence of great er co-ordination in Washington war work, definite tendencies toward a settlement of the American labor problem, gradual removal of the transportation congestion and the ad vent of mild weather. These features have been operating for Increasing op timism among investors, and outside interest has moderately responded to Improving movements in the market for securities, not-withstanding the un easiness which prevails with regard to tho possibilities Involved in the much fccivertised German drive against the Allied western battlefront, and the ad verse conditions dev: loped In the Rus sian collapse. The closer approach of the next Liberty Loan Issuance la an important lactor. Some investment readjust ment in the stock market would seem to be necessary under a rate of Inter est higher than previous loans; but It is considered beyond question that 4 1-2 per cent, would insure the suc cess of the new Issue, owing to the fact that such a rate would put It on a business basis. The passage of the War Finance Corporation Bill at "Washington, prop erly amended, would doubtless modify the Investment readjustment require ments associated with the flotation of the n.ew war bond Issue by providing wans and means whereby war essen tials might get needed working capital without strain. This war finance pro- i position may be regarded as official, recognition of that Inflation to which we have so often referred as certain to develop In the United States before the war was over, and which finds bullish expression In stocks. There is a strong impression that the rise In the stock market has for one of Its underlying Influences this very inflation tendency, more so than possibilities of early peace, which would appear to bo postponed now that Oermany Is aUe to avert Immin ent economic collapse by drawing on ' 1 "peaceful" Russia for new supplies. The view ,1s held In soma market chan nels that while peace may ot come during the current year, the general movement of tho stock market, which discounts great events far In advance. may be to anticipate Its coming dur ing 1919. There are two or three classes of se curities which It would appear wise to prefer in seeking buying oppor tunities during declines In the market. The railway equipment stocks are un deniably attractive both as war and peace Issues where the management Is good In the companies concerned, and the margin of safety over dividend re quirements is substantial. There has been investment recognition of this outlook during the past two weeks. ' The demand for ocean transportation ' is looked upon as indicating a period of large earnings for the shipping companies, whose securities are re- - ported to be well taken. Consumption of copper metal is said to be steadily expanding, and production has diffi culty to keep up with it. This is like ly to be experienced for a long time to come, and we believe stocks of lead ing producing companies should be bought on recessions. Where steel In stitutions have large margins of safe ty in earnings over dividend needs. such as U. S. Steel, Republio Steel and Lackawanna, little risk would seem to be involved In making conservative purchases of their stocks during set backs. The undertone of tho market is good, and in the absence of unex . pected news of an unsettling charac ter we think it will continue so. STOCK MARKET New Tork, Feb. 26. Opening. Spe cial stocks, notably those comprising the war group, were One to two points higher at tie opening of today's mar ket, presumably in consequence of over night advices from aibroad. Ship pings also were materially better, but railroatdls made little response, St. Paul Issues displaying further heav iness. Much of thie early trading owed Its initiative to pools and short covering. Noon. Dealings diminished percep tibly after the first advance with fractional reactions In leaders due In part to further pressure against St, Paul , and General Motors. Later iprloes ranged higher than at the out set, marked strength being saown try Baldwin Lodomotlve, Texas Co., ln- rilustrlal Alcohol, Sumatra Tobacco, Hide & Leather preferred, Eeet Sugar and Pittsburgh Goal Minor special ties and low priced equipments also Improved. Liberty 3 l-2s sold at 7.!H to 98, the first 4s at 97.30 and the sec ond 4s at 96.74 to 96.90. New York Stock Exchange Quotations Reported over the private wires ol T. L. Watson & Co., Bankers and brokers, corner Main and John streets. Bridgeport, Conn. Members of New York Stock Exchange. OVER FBTY XEARS , 3 PER CENT. INTEREST ON YOUR CHECKING ACCOUNT We think this will appeal to you particularly in view of our expericaoe of over fifty years In Ranking. We can assure you of safef;-, saiisfnctor conduct of your business, and courteous treatment. Interest 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 I860 iiiiiiiiiiiiiiiiiiiiiii'uiiiiiiiiiiiiiiimiiiiiiiiiiiiiiiiiiiiiiiiiiiiuiiiiiiiiiHiiiiiiiiiiiiiuiii Well Placed Confidence We hold the business of our depositors by their con fidence in us, by affording them every safety and cour tesy, by observing their individual requirements and faithfully filling them. Wfi lilffi f.n Sfirvn ATrnnfirur nAnnlA nnd TinvA riAfin rfatisfvins them for manv vears. Our abilitv thrrmcrh KJ f , O experience makes it possible for us to satisfy the bank ing requirements of every business. FIRST-BRIDGEPORT NATIONAL BANK STATE AND SIAIX STREETS nuiniiiHiiiimiiiiiiiiiiiiiiiiiiiiiiiiiuiniiiiiiiiiiiiiniiiiiiiiiiiiiiiiiiimiiiiiiiimiiiinii? WAR BREAD CAUSES TROUBLE COURT WILL OPEN NEXT WEDNESDAY Judge John R. Booth will complete the Panbury sessions of the Common Pleas Court this week, and the March term of the court will open in Bridge port next Tuesday with a Jury. Judige (Booth has heard a number of cases during the anbury session. There will be a short calendar session in this city 'Friday at which cases for the coming term will be assigned for trial. Many Jury matters aire claimed for action at the coming term. Tuesday, Feb, Allis Chalmers Am. Beet Sugar Am. Car & Fdy. Am. Can Am, Cotton Oil Co. Am. Locomotive Am. Tobacco Am. Smelt. & Re. Co. ex-div. Am. Tel. & Tele. Am. Woolen Am, Zinc Alaska Gold Atl. Gulf & W. Indies Atch. T. & S. Fe Anaconda Copper Baldwin Loco. Baltimore & Ohio Bethlehem Steel "B" Brooklyn Rapid Trans. Butte & Sup. Canadian Pacifio Cen. Leather Co. ChL, M. & St. Paul Chi. ft Great. W. Chi., R. L & Pae. pfd A. Chi., R. L & Pat pfd. B. Chile Copper Chino Chesapeake Ohio CoL Fuel & Iron Corn Products Crucible Steel Cuban Cane Sugar Distilleries Securities Brie General Electric General Motors Goodrich Co. Gt. Northern Pfd. Gt. Northern Ore Inspiration Copper International Nickel Interborough Cons. Inter. Mer. Marine Inter. Mer. Marine Pfd. International Paper Kennecott Cop. Maxwell Motors Mex. Petroleum Mldvale Steel Missouri Pacific Miami Copper Nevada Cons. Nat. Enameling Northern Pacific N. T., Ont, & West. Pittsburgh Coal Pressed Steel Car Ray Cons. Reading Repub. Iron & Steel Ry. Steel Spring Sinclair Oil Southern Pacific Southern Railway Southern Railway Pfd. Studebaker Cor... Texas Copper Texas Oil Tobacco Product fnion Pacific United Cigar Stores TT. S. Ind. Alcohol IT. S. Steel V. S. Smelter Pfd. Wabash Pfd. B. West. Union Tel. Westinghouse Electric Willys Overland XT. S. Government Bonds. Liberty 3s Liberty 4s TODAY'S WANTS WANTED Janitor to take care of boiler and rooms. Apply 150 Elm I street. , ' B 26 s 26, 1918 26 82 73 40 32. 65 165 82 106 53 15 1 113 85 63 75 52 81 39 19 146 71 38. 1 4 55 16 43 54 39 33 63 33 40 15 140 117 42 90 28 45 28 8 29 98 38 33 28 93 45 22 31 1 52 85 20 57 60 23 76 78 53 34 86 23 58 50 17 154 54 121 94 121 96 83 42 90 41 18 97.92 96.98 Said to Be Responsible for Digestive Disorders Which Are Followed by Eruptions. Reports of Illness through eating war bread are being received from all over the country, and the news that Lord Ehondda has Instituted an In quiry into the cause wlU come as a relief to many, says the Dundee Adver tiser. The bread Is said to have given rise to digestive troubles and then eruptions In many districts. This Is said to be due to the fact that some bakers are using imported flour, which contains Beans and rice Ingredients which are quite unfit for breadmaking. The Inclusion of the germ sets free a large percentage of fat which Is un suitable for weak digestions. Then, of course, regulation flour does not pessess the keeping properties which wheaten flour does, and this fact again gives rise to disorders. The gray loaf can never be as pal atable as the white one, but It can be made equally digestible and nourish ing If the necessary precautions are taken. Still, our bread of today, with all its defects, Is not as bad as that which the Parisians had to satisfy their hunger at the time of the siege of Par's, when a quantity of straw was mixed with the flour In order to help eke out the supplies of grain. Boston 1:30 P. M. Prices Reported Over Private Wire to T. L. . Watson & Co. t't SPECIAL NOTICES f-TATR OF CONNECTICUT. ' DISTRICT OF BRIDGEPORT, ss., t. PROBATE COURT. Feb. 15, 1918. Estate of Bertha Metjznar. late of -the town of Bridgeport in eaid dis ' trict, deceased. The Court of Probate for the Dis trict 'of Bridgeport hath limited and j. allowed six months from the date hereof for Creditors of said estate to Whibit their claims for settlement. Vlinii. wHn h.dId4 f nV-nannt t h nl P accounts DroDerly attested, within said tim-. will be debarred a recovery. All persons indebted to said estate are r luested to make immediate pay ment to ELIAS METZNER, Administrator, ' By Lavery & Flnkelstone, Attorneys, Room Z2, Newfield Building, a Am. Zinc 15 Butte & Superior 17 Col. & Hecla 445 Copper Range 45 iDavis (Daly 5 Bast Butte . 9 Hancock 8 North Butte 15 Pond Creek 19 Ventura 7 PRISONERS MAY FATAL DESERT OF KARA-KUM Heat Reaching 163 Degrees Is Hurled Into One's Face Like Sheet of Fire. When the caravans In olden days went up from Samarcand and Bokhara to Mery for silks and carpets, or car ried spices for Europe to the Caspian ports, some of them occasionally wan dered off Into the desert of Kara-Kum, and few of those ever returned. This desert, which Is smaller but more ter rible than Sahara, came to be known as "the tomb of caravans." If you were to venture Into the desert of Kara-Kum you would travel by cameL At first you would pass through a land of scrubby bushes and rest at noon near a well surrounded by a tiny native village at the bottom of a dimple In the desert. And here you would feel your first touch of the " desert heat a heat that reaches 163 degrees In the sun and Is hurled into your face by the wind like a veritable sheet of flame. In the "comparative cool of evening jou would push on into the desert proper. Presently from the top of a slight elevation yon would see It reach lug before you a petrified storm at sea, an ocean of sand. There Is nothing but sand, and It Is tossed by a ceaseless wind Into billows miles long that creep forward perhaps a foot a year, burying everything In their path. The wind tears banners of flying sand from their crests as yon look, releasing cascades that go rum bling Into the burning hollows. The path across this desert Is marked only by bits of bone and stick, occasionally by a human skull. It is easily lost In the dark, and It Is the thread which connects one shallow, muddy well with another. Many have lost it and they are still In the desert of kara-Kum. uptimism neips some. Happy Is the man or woman who can lay aside the cares and sorrows of the rushed and crowded today and revisit the scenes of yesterday. Happy, too. is the man or woman who Hves In the tomorrow; that tomorrow where all is fair and bright; that tomorrow In which we are going to do noble and helpful deeds, and to win fame and for tune ; that tomorrow in which we are going to move the world a million miles nearer to heaven, .making It a better place for our fellowmen In which to live; that glorious tomorrow In which our dreams are to come true If pray ers and conscientious efforts count for aught in bringing them to pass. Don't give up your dreams. Don't deny your self this bit of happiness, for each beautiful. Inspiring dream mellows your heart and widens your mental horizon. Exchange. ORDERS OPERATOR'S LICENSE RESTORED Few Americans are aware that they live In a country Inclosed In a circle of mines and nets, writes Nlksah; yet euch Is the oaap. , Since the. declara tion of war the navy department has been sowing the waterways and har bors of the country with means of de struction. In harbors nets designed to catch submarines are the chief reli ance, while in livers the channels are planted with mines. Because the accident happened in the middle of the block and not upon a cross" walk, Deputy Mrator Vehicle Commissioner McDonald this morning restored, an operator's licence to Law rence Rahsro of 22 Brothwell street. Rahgo struck a woman in State street near Wordin avenue, iDecember 4, and was arested for reckless driving. He was found guilty in the City Court, appealed, and! the Common Pleas Court nolled the charge on payment of $50. Several Bridgeportera were before the commissioner in the County Court building today 1io answer to charges of (reckless driving. Owing to the closing of the (building at noon, fur ther sessions were adjourned to the police building in Fairfield avenue. None of the cases (before the com missioner today involved fatal accidents. Our idea of a. soft snap Is not try ing to nurse Theodore Roosevelt tin first day ho gets down stairs. Being fervently exhorted to rise In the world, a good many Iboys havo determined to emulate the $15 a week telephone operator who tried to bor row $50,000,000. PATENTS A M. WOOSTER Late Examiner IT. S. Patent Offico 1115 MAIN STREET, BRIDGEPORT Send for booklet on patents GRAIN SHIPPERS AND ROADS ARE URGED TO TEAM Washington, Feb. 26 In an ex haustive review of grain shipping practices the interstate commerce commission today advised shippers and railroads to get together on a set of uniform rules and practices and submit them for approval. Neither the roads nor the shippers were en tirely frank with each other, the commission declared, and the situa tion was beclouded damage claims. with fictitious Having promised to apologize for their crimes, the Germans proceed to say that if they have done anything they should 'be sorry for, they are glad of it. The City National Bank Savings Department Pays 4 Per Cent. Interest 107 WAH STREET ' Start Saving Now THE CONNECTICUT NATIONAL BANK OP BRIDGEPORT Cor. Main and Wall Streeta PAY BY CHECK AND BE PROTECTED Why run the risk of loss of funds by. carrying much ennency around with you? . ' Ton can eBminate this risk and in convenience through payment by check. Start a Checking Account with large or small, it is welcome here. JAMES STAPLES & CO. 189 STATE STREET fe NO! hi RECEIVE MAIL American prisoners of war in enemy cwut'ies may have mail and parcel post packages not exceeding 11 pounds in weight sent them through the mails free of charge, according to an an nouncement received at the post of fice. The requirements are that the name of the camp where the receiver is located and that the package or let ter be marked Prisoner of War Mall, via New York. Only one package a month may be sent the prisoner. Doc Garfield cannot have needed much coal in his office this winter as he has been in hot water all the time. ADVERTISE IN Tmn XEHES. Drum Major Necessary. Indispensable Is the drum major of ;a rural brass band, and the envy of the small boy Is he as well. This func tionary ls about as serviceable as a tigurehead on a 'battleship, writes Zim In Cartoons Magazine, yet his duties are beyond estimation In keeping the tubas and trombones from stumbling Into mud puddles and guiding the al leged musicians past refreshment em poriums. His success rests on the ex tent of his ability to twirl the stick over three-story buildings and catch It behind his back on Its descent. He Is to the band, what the monkey Is to a hand-organ. All eyes are upon him while the ears feast on the music Big dty bands often roam about, the streets unescorted by a drum major and feel not at an discommoded by his absence, but a country band would not deem Itself fit to be seen on parade without this distinguished appendage. Experienced sewing machine operators wanted. Steady employment and HIGH WAGES. Special instruction given to begin ners. Day work while learning. Housekeepers familiar with power seving machines who can spare time will be furnished with special passes. Learn to handle this work an do it in your own home. We need your help the government needs your help, and more than all our soldiers need these supplies. We are called upon for rush deliveries. Will you do your bit? For Further Information Inquire WARNER Employment Office