r
_. moot Sunday by
(hell-nine Company.
v, on Street.
' 3. Conn. '
“—-
‘ . President.
Ties-Pres. and Trees.
tary
.-Norwaik 02-00.
w . Norwalk
In 1000.
oeeeseee “1". Cents
...... ”.00 per year
' - Pro. is exclusive-
tbe use for publication
tches credited to it
in this newspaper
'3“ local news published
pt publication of special
,hflln are also reserved.
3
-.
g * .‘H’Li : and The
4% Mess Outlook
. ‘have not altered during
. M . ~ . Isys. The period of
. ' ' "ounces is nearing its
' u M b now some evidence
. teased-s business. The Ruhr
« I '- II. the whole question of
' . 'srs in an acute stage.
' probable that to a large
.. inmediate effects of the
situation on business in
m Rates have been discon-
l'h. attention of merchants
, Wire“ is therefore to-
. Mly on domestic condi-
sspsdally the agricultural
ion and wholesale prices of
... according to a discus-
of 3 ant market conditions
sent out by the National Bank
V- ~lsl‘e in New York.
diflenlt position of the farm-
engaged in producing the major
has been recognized since 1020
despits enorts in responsible
ers to minimize the seriousness
“their dtuntlon it. is an open ques-
r as‘ to whether it has improved
eriaiiy. Much stress has been
ed on the promise of a large
- crop and a high price for corn
fantastic calculations have been
Me as to the great increase in
- ticultural purchasing power result-
' therefrom.
‘» 0 United ltates Department of
' iculturs has made careful study
. the disposition of the corn crop
A estimates that nearly 85 per
t of the entire corn crop is used
farms. A large proportion of the
I does not reach the market in
~ form. being used for the betting
horses and mules and for human
on farms.
bout two-fifths of the crop is fed
hose and an additional 16 per c-nt
battle. It. is thus obvious that
the standpoint of cash retmn
the farmer, it is not the price or
which is of primary importance.
the price of hogs and cattle. and
Outlook in this direction is not
couragirlk.
. he second crop of the United
‘ , in, measured in terms of farm
' us as of December 1 is the any
-p. Aside from that portion fed
work animals in towns and cities,
entke crop is fed on the farm
reaches the market in the form
’snlmal products. chiefly cattle,
- and dairy products. Thus agri-
al conditions are determined
rily by the price of live stock,
‘ t and cotton.
.. re are important offsetting fac—
to the low prices of live stock
of wheat. The (llihccultlcs with
. American agriculture has been
have had exactly the resnts
V-l adverse conditions exert on
industry. Fllrmcws have been
0 to give the closest pcrsonnl
idon to thcir work. and to re-
costs to a minimum. In areas
0 production of food for con-
-tion-svas formerly neglected. it
been inerenst-ll and there. may
_ been some gain in crop diver-
. tion.
onditlons have lmcn fairly good
some of the less conspicuous
- lies of farming. notably dairy-
and thhocco growing. The poul-
Industry. vegetable growing and
kinds of fruit growing are not
ndent on the international mar-
.) that producers in these lines
so had no abnormal ditticulti
which to contend. These mino
-ucts are hint) of great import-
to many farmers who do not
line in them. Considering the
i ullural industry of the country
,, whole, and making duo allow-
' for the seasonal character of
buying. it seems probable that
..ers will continue to purchase
-g the coming months at not far
the fist! \\ilit‘h has prevailed
far in 1923.
v-e fact that the Well-known in-
numbers of wholesale prices
declined during recent months
been widely noted but. it is at
"I OD!“ Qu"nllnn as to whether
‘llsportance of these declines has
' been seriously overestimated.
the Vliun of index numbers
_ m Drives as indicators of
. mm course of business is
t. “lbt. unless the detailed
-~hlch cause the alteration
_l price level are critic-
.“ the seasonal course
“Midered in historical
- well. On the basis
“peril-nee it is quite as
to conclude that higher
“flow recent recessions
3 general declhe. Ap-
decline in the general
which has occurred in
months is in large
”biped result of nor-
wsrrant lack of con-
._. " a few commodities
“tusortmoe. For such
r be as must be reck-
...“ ,llerchants and manu-
... r ordinary open-
. , W“! is influenced
'1 and demand‘ in
. markets. future
:‘pbonld always be
osadderation to all
«its. in the gen.
which has taken
- lock of con-
ontlook. it
t the in-
it!
“W
'.5_*,.. 1
Just Folks
'1'!!! Into? ram
00
”Burmese“.
Oh. I shall travel out today
And tread a well-worn lane.
Shall walk a tang-familiar way '
Out there and back again:
But though I knmw the path I go.
Todny. perchance. I'll see
Somewhere a new-born rose aglow
To cheer the heart of me.
...
I know the mne that I shall meet.
1 know the women. too.
I've met them all upon the street.
They're old but ever new:
And it may be a child shall smile
At me along the my. 0
Or someone. e'er I've gone a mile,
A cheerful word shall say.
Perhaps the sun shall light a tree
With some new touch of flame—
It's new just the same;
Although this path is old to me.
And I may meet a stranger there
Who'll ask the time of day.
Or hear a band upon the air
As soldiers march away.
I know the buildings. one by one.
The; corners where they turn.
But always as I wander on
There‘s something new to learn;
And who? I‘leave my door behind,
Whate er the day may be.
There's always something new to find
And something new to see.
Rumor a Day Rule
0
m Egypt
The report of the Egyptian pos-
tal administration for the year 1922
reveals the surprising fact that there
were in Egypt on December 31 last
no fewer than 166 daily and weekly
newspapers. Of these 94 were pub-
lished in Arabic. six in other Orien-
tal languages, 63 in European
tongues. and ’three in combinations
of eastern and western languages.
Of these journals. 105 were pub-
lished in Cairo. 46 in Alexandria.
and only 15 throughout the rest of
the country. 0f the total of 166, 36
were daily newspapers and the re-
mainder weekly.
Cairo. with a. population of be-
tween 600.000 and 700,000, has 24
daily papers. of which 12 are pub-
lished in Arabic. four in French. two
in Italian. four in Greek. one in
English. and one in Armenian.
Alcxa'ndria’s ll dailies are composed
of four published in Greek. three in
Arabic. two.in French. one in
English, and one in Italian. Outside
the two chief towns. there is only
one daily papr, a French Journal of
Port Said. and 00 or two bi-weekly
sheets at. Tanta, one of the lending
towns of the provinces. ‘
These official figures confirm a re-
mark frequently heard that Cairo
has in proportion to its size, more.
newspapers than any other city in
the world. in actual number of
daily journals it far outstrips Lon-
don. it is highly remarkable that a
country like Egypt. can support a
press of such a size. Two news~
pnpcra alone sell on an average 25.-
000 to 33,000 copies daily. Another
two or three may reach 15.000, and
the remainder never rise above. the
5.000 mark. some of them never
even printing more than 3.000
copies.
The standard of journalism in
Egypt. is low. linch paper endeav-
ors to give its readers n. daily rumor
—how far removed from the truth
is immfltvrlnl, so long as it is sen-
sational. in other respects, how-
ever. tho Arabic press maintains a
high tone. There are no divorce re-
ports in a country where divorce is
a private affair between a man and
his wife. (‘rimcs of violence are not
written up in the. lurid fashion of a
large part of the world press.
____________..__‘
TOO LATE.
“lake was talking pith his friend
Si‘l'ihhicr, the well known English
Journalist of Fleet street. ‘
"Do you lu-llve in writing anony-
mously" he asked the hero of the
pen.
Scribbcr looked to see that the
door of his study was shut ere hc
rpllcd in u confidential'whispcr:
“Well. l'vo often wished that one
of my productions had been anony-
mous."
“What was that?" asked Blake.
“A letter proposing to Mrs. Scrib-
bler," groaned the famous writer.—
London Answers.
There was no dance at the Sound
llcach Golf Club and many n‘om
chi-re attended the. masquerade hall
that was given at the Greenwich lnn.
There were a number of Stamford
persons also at the (lasum-rade.
THE \\'EATHER
Southern New England: Fair Mon-
day and Tuesday; moderate temper-
ature.
ConditIOns: The weather chart of
Sunday night showed a distilrbancu
of moderate intensity control over
the lower St. Lawrence valley and
moving eastward towards Newfound-
land.
There have been scattered thunder
showers within the last 24 hours in
the north Atlantic states.
The outlook is for fair weather in
the New England states Monday and
Tuesday. No important temperature
chancgs are indicated for .the eastern
half 0 fthe country during the next
two days. -
Winds: North of Sandy Hook:
Moderate West and northwest and
weather fair Monday.
Sandy Book to Hatteras: Gentip
west and northwest and weather fair
Monday.
TEMPERATURE.
Observation taken at 8 10. mb. 75th
meridian at New Haven Westhu'
Bureau.
Atlanta.
Atlantic City . . . .
Block Island . . . .
Boston .........
Buflaio assess...
Cincinnati . . . . . .
Chlceso ........
Denver .........
Detroit
Hatteras .......
Jacksonville . . . .
Kansas City . . . . .
Nantucket ......
New Haven . . . . .
New Orleans . . . .
New York ......
Norfolk
Northi‘leld. Vt. , , .
29.00 74
20.04 74
20.00 04
20.70 00
20.04 64
20.14 a:
00.00 00
20.02 74
00.00 so
20.0: 70
30.00 00
20.00 00
20.00 04
20.03 10
20.04 \70
20.30 ‘70
20.00 10
20.00 .02
cloudy
clear
cloudy
clear
clear '
cloudy
clear
clear
clear
cloudy
clear
clem-
cloudy
cloudy
' 4 . what has
' 0! future
' 7 be
other
Pittsburgh . . . . .i
;Portland. He" . . .
'St Louis ........
20.00 is
20.00, as ..
00.13 00 eie'dr 1.
-. .g‘ ‘.',.
\ «ll '0‘!"‘
-. ‘ .
. his door. looking with a placid eye
Old Handicrafts
On still New England farms.
“'lntcr time.
high enclosing hills
white with rinle.
The busy hands of women p‘ed
their art
In eager haste; for each must do her
pill't ‘
Of daily work. with prideful skill
and speed, .
To meet the household‘s never-ceas-
ing need.
in
“'hcn were
The painted clock upon the mantel
kept
its noisy vigil while the baby slept
“’ithin his hooded crib. In languid
l‘i‘sl.
The house cat purred with paws be-
neath her breast.
The Franklin stove sent out its
grateful glow.
From heavy maple embers, hot and
' slow.
Great halls of rags, but newly sewn
and (iyl'ii.
Made bright the spindicd settle.
one side,
The rug frame stood. with canvas
stretched and stout:
The clumsy hook wont flashing in
and out,
“'hile flowered borders sprang to
being. there.
Pieced quilts grow larger.
tiny square
“'as fitted into place.
whir
Of when-l and distal! made a solemn
l'lil‘
the voices and the gentle
sound _
Of laughter, as the friendly talk
went round.
At
as each
The muffled
Above
“'ith wise aspiring hearts, these
women strove
To shape some beauty while they
stitched and wove;
And now we seek and hoard as cher-
‘ ished spoil
The mellowed products of their
homely toil.
Margaret Ashmun. in The Christian
Science Monitor.
The Branch
\Ve stopped at the branch on the
way to the hill. -
We stopped at the water a while and
played.
We hid our things by the osage tree
And took off our shoes and stockings
to wade. ‘
There is sand at. the bottom that
bites at your feet.
And there is a rock where
water-fall goes.
You can poke your foot
. foamy part
And feel how the water runs over
your toes.
the
\
in the
The little black spiders that walk on
the top . “
Of the water are hard and stiff and
each
And I saw some ‘wiggietails going
around.
And some‘ slippery minnows that live
in the pool.
And where it is smooth there is
moss on a stone.
And where it is shallow and aim
dry
The rocks are broken and hot in the
sun.
And a rough little water .goes
hurrying by.
mm 108 HAVE n.
"A. month more.” observes the
Boston Transcript. "and Cicero, Vir-
gil anmr and a number of other
Sit. Paul ........
30.0. 7. .. . .
“(lemon ‘eoes I l 0
THE BUSINESS WORLD
—————
Packer Cites Good .
Prospcts For 1028.
Business prospects for 192! are
most favorable, in the opinion of
Edward Morris. president of Morris
d: ‘30., packers. -
"\Vhile I am not bullish on com-
modity prices." he said. ”I think
there will be a very good domestic
consumptive demand. There are
two important factors which will
create this domestic demand.
"First-The buying power of the
former. White prices of some farm
products are relatively low compare
ed to products the farmer buys, and
the price he pays for labor, the re-
lation to the purchasing power of
his dollar is becoming more satis-
factory. Many farm products are
higher than last year. and the farm-
er who fed his grain to livestock
received much better prices than if
he had marketed this commodity in
any other way.
"Second—The employment. of la-
bor. Today any man who wants a
b can get one at satisfactory wa—
s. and I look for this condition to
prevail throughout the coming
year."
A Prosperous Year.
Tobacco manufacturers have had
one of the best years in their his-
tory. None of the leading compan-
ies—It. J. Reynolds. nggett & My-
ers. 1’. Lorillard and American To-
bacco——-will approximate last year's
high record. Had it not been for
recent price cuts in cigarettes. pro-
fits would undoubtedly have made a
new high. Even so. some compan-
ies may show record net.
Outstanding features of the an-
nual reports will be the balance
sheets, which are expected to show
the companies in excellent financial
position. .
The past year has been one‘of
continued readjustment, bringing
the industry back to normal. Dur-
ing war manufacturers found it nec-
essary to carry abnormal stocks be-
cause of transportation conditions
and other problems. These have
been steadily liquidated and the end
of the year will and the situation
normal.
“Another development has been
reduction of cigarette prices to what
may be regarded as tho pro-war
level if allowance is made‘ for in-
creased revenue tax. Before the
war. popular brands of blended cig-
arettes sold at 10 cents for package
of 20. During war period. these re-
tailed at 20 cents. and are now sell-
ing from 13 to 15 cents. Internal
revenue tax is six cents A. package
of 20. ,an increase of three cents. If
allowance is made for this, current
retail prices approximate the pre-
war level. ’
Reduction in retail prices has
been made possible by proportion-
ate reduction in’whosale prices. At
the peak. these cigarettes brought
81.50 a thousand net and at the end
of 1931 were reduced to $7. Ro-
ductions this year brought whole-
sale price down to range of from
$5.01 to $5.80 net.
A Bankee'rhedieuoas.
One of Wall Street’s prominent
bankers has made up a list of long-
eange predictions for 1928. which
some of his friends have pasted in
their hats. He predicted yesterday
that the first half of 1028 will be
betterthanthelsst:thatmoneywill
be ”homely easy in the first half
and tighten toward the end of the
year: that it will be an extremely
good year in the stock market. with
the upward trend' continuing until
late Spring. .- .
The bond market whim.
tendency to broaden out; the death
and the international situation will
become more normal as the year
goes on. Gold shipments will be in-
augurated in heavy volume abroal
belore the middle of the year. and
lht-ro will be a very considerable
labor shortage in this country. The
prediction was also made that com-
modity pnces will continue to ad-
vance at least until the end of
“’intcr. 0
Central Europe's Gold.
Although gold is not in circulation
in the Central European States, and.
in fact. stands at a high preni'lum.
all the State banks of that section
hold a considerable gold reserve.
The Austrian banks holdings are in-
significant. amounting to less than
500.000 Austrian crowns.
The Bank of Finland. however,
holds 43,373,000 Finnish marks in
gold. the Link of Latvia 12.983.000
lhtvinn franks of gold, the Bank of
Lithuania 15,169,000 gold marks. the
Rank of Eustonia about 90.000.000
Esthonlan gold marks, and the Bank
of Poland 33.737.000 gold marks.
l'l‘be Reichsbank. as is well known.
holds 1,000,000.000 gold marks.
' New Dutch Coin.
The Dutch newspapers state that
a new silver fiorin is to be issued in
Holland. with a lower alloy than the
fl'orin now in circulation. It is added
that 2.200.000 of such fiorins and
16,000,000 half florins have been
minted for the Dutch East Indies.
Commenting on the decision for
the new coin. the statement is made
that the resultant inc ease of silver
florins will make po this the with-
drawal of a large amount of silver
notes previously in circulation.
Foreign Mann-nice In 108:.
Foreign government bonds payable
in dollars in the United States falling
due in 1923 aggregate $202,119,000
against 83233704100 in 1922. 8262.
030.000 in 1921 and 8780.180.000 in
1920. The bulk come due the latter
port of the year. Argentine Nation
has “0.000.000 7 per cent fraasury
notes due October 1. and Dominion
of Canada $194,889,000 5 1-: bonds
November 1.
In addition to maturities which
will be paid off in entirety in 1028.
outstanding foreign bonds will be
considerably reduced through sink-
ing fund operations. Sinking fund
for French republic 8 per cent bonds
due September 16. 1946. provides
that until entire loan of $100,000.000
has been redeemed not. less than
84.400.000 annually is to be applied
to purchase of bonds up to and in-
cluding 110 and interest prior to
December 16. 1925 and thereafter
for redemption by lot at 110 and
interest. Already 88.380.000 of these
bonds haveebeen redeemed. French
republic 7 1-! per cent loan. and in
1941. has a einking fund whidrproy
video that during the mt; five years
not less than: 8150.000 shall be-epn
plied to purchase of bonds ~no
exceeding par. Up'to July 1 . 1031’.
redeemed. -
Kingdom of Belgium 1 14s. .dfi'
in 1045. have on man! sinkhg {and
,of not time than 08.800.000 while the-
0-. due 7.1.1001. worlds
purchase Yo $1500.00! - ' _
amount annually. It
fun ~
amount assume“- 1 .‘
1,20. mid-CM “0‘9”!”
0133.33: esat u‘mrm
By. Walt Ila-oi.
As I sit before my shack. old and
faded. gray and beat. I am aim!
looking liack to the years unwieeiy
spent: and I 'view my winding track.
seeing things that I lament. Could I
live nu life again. all vain follies I'd
eschew: and I would not swipe a
hen or compound illicit brew: ah. the
grief of ancient men when their sin-
ful past they view! All the wranglee
past.- all the t ricks on other wighte.
all the methods loose and fast.
come to torture me o‘n‘ights. and to
make me stand aghast. 0ft I
strive to recollect noble actions 1
have done. actions wise and circum-
spect. actions shining like the sun.
and it sprains me to detect and to
round up even one. For my recol-
lection sticks to the things 1 would
forget. to the dark and sinful treks
that an old gent must regret. and
my car-worn conscence kicks till it'l
rocking with its sweat. Happy is the
gray haired guy who can sit before
on the well spent day so! yore. all
unable to descry deeds that make his
spirit sore.
_____________.
NORWALKEBS FINE!)
.__.._.
STAMFORD. Aug. 20.--Norwalk
was represented in the City
Court Saturday morning by four
young men. arrested by Detec-
tive Sergeant Laniel Hanrahan. on
a charge of breach of the peace. It
is alleged that they More making a
disturbance in front of the Elks'
Club in the wee hours of the morn-
ing. \
The four gave their names as fol-
lows: Albert Venexia. 3 Harbor
street: William Mack. 60 Lowe street
George Peterson. 121 Main street.
and Andy Sandy. 29 Lexington ave-
nue. all of South Norwalk. When
themrtet were arraigned in court
they claimed that they were trying
forcibly to eject two follows from
their car. The court decided that
too much noise accompanied the
procedure. Detective Hanrahan hav-
ing heard them a. quarter of a mile
away. and they were lined 810 and
released.
'A number of our deposi-
tors have hit upon a suc-
cessful saving plan. They
deposit the first dollars
they take out of their pay
envelopes in the bank. This
is a much more successful
unethod than planning to
deposit what is left.
Try the plan of making
and the fights of my dark and stormy
WORTH WHILE
o—when you speculate on. the future of V0,”.
child, by depositing a specified sum “'90 -l\-
- and than give him enough money to go to m:
legeor start in business. when he becomes of
age. 5
$6.00 regularly deposited monthly for f§‘_
teen years, with 4%?!) interest compound“
semi-annually, grows to $1,282.47.
—THE—
CENTRAL TRUST C0.
of Norwalk
The Bank of Safety and Service.
vrr' vrv“ 7T"T77“
TT'T'YYY‘T'T
WHY, 0H
WHY
can’t we all realize tin:
the more pages, each show.
ing a. real system of saw.
mg. .
terestir; but think what
it all means to your tutu.
‘7' are very in-
happiness and real seas:
of security 2
So. Norwalk Trust Co.
SERVICE and SECURITY
m
Our ' Principle
Safety first is not a rule of this bank. It is
‘ . s
our principle. That is, we keep it m mmd
firstylast and all the time.
The City National Bank
SOUTH NOBWALK, GONE.
pay day deposits.
—.L._.. i
m
80.. NORWALK, _
SAVINGS BANK '
f ThinkTWice
Before YouSpend
$6,240,400 of these bonds were so
Once
nilrhnvfilnwm
manysherdesrasddol.
tar. Ryan-9mg].
'reedyeneefonrdepesi-
‘dsy.Soonasyon~ean._ flu
If You Are Looking for
an Investment to
Yield 51/; 3:;
You Can Secure Through
' THE SOUTH NORWALK TRUST C0.
Guaranteed Mortgage Certificates
—.of___
. INSURANCE AND
M0 FACE CQMPANY
0F STAMFORD, CONN.
IN “GENTS 1'30! $100 UP
These continence are secured by mow devoSiwa
withthlsmnndmwed byacosnpany with
paid up capital of
$150,000
Altman‘s” amp-sediment"
thoaffllhtodbaaksinGs-ealwidi.
the conmuttec from
Stamford, Norwslk.
mant-neednotbese
kcmm. muss-tuba. .
Those post‘due
you
m; which bother
shouldbe ' is
Norwalk Chronicler