.u. »Aaliy except Sunday by
' w 1 Publishing Company.
Washington
Hit a
Secretary
» once;
s.-
I?
.
.
Street.
Io. Norwalk. Conn.
as Second Class Matter
berg, President.
Vich’rcs. and Treaa
Norwalk 92-93.
46 Wall St. Norwalk
Lmhone—Norwalk 1883.
. copies Threo Cents
“all ........... $9.00 per year
muted Press is exclusive-
~ . entitled to the use for publication
‘ all sews dispatches credited to it
. not otherwise in this newspaper
I -d also any local news published
All rights of publication of special
dispatches herein are also reserved.
The day is «ir. Mini:
Norwnlk will pick
crnmt-iit. Maliv
to consider
body clse's liusliiiss.
Mun now stand» iii.~
'Wqu are \vmul- imL:
nmninuted Jli t w. iii-y
'Wontlcr What ll- ii"\l
be hi the “hill -.
'l‘lw mattv-r oi
the cnun - ' Is. in
llillltl
\nlv-i_
tllI‘
lliilltl ill
)ers.
business of mi
uni taxpayer .mvi
H lrl tillOlll liliii
.‘t‘l\t'll took :v
:lnsiiml ul’ '7' lli‘.
lncn piclwd i._\ iiu
\\.~ it‘llllll'l‘. in: iii--
1hr- ii'y. clui».
~~Illicit! is tllfictin." ii
‘ “standing of out
hrmuzht to 'lli
’l‘lu‘ saint:
\utvix‘. llll\lii‘_
l’i‘aun lilsi'd ”ii a
imist moat oi In'
stud;- of gov :uiuu lit.
and
trout,
in (in,
liti" ll situation than
us:- nun and tlw) .m- au-tiu- work—
4 t’l‘x‘ inn.
j ll tliw you:._- 1' Hill] :lllll wuliit‘n
‘ i.«~.-i.i~ llitnlw ‘WN‘. .\:.rwalk would
haw um... i.;~ 'u' gnu-rnment—a
gmtiuuirut villi would take. action
on limiters \il.ii in HIV growth of
ihv t'llV and nut mill-w us to just
«lrii't .iloug .v- wo- s-vin to b:- doing.
ii iuorn- llI-ll\l~l|l.l|8 look more in-
t: u-sl in Vilnius “1- probably
wouldn't hm. .i
“ l‘ll‘C him: it.) on our hands and we
5 would bur lll'lli' artiou in the
6 . in vii ~r ot‘ sirvoi improvement.
’1’ iuiu't wait. tn iind out What the
if l"~i‘.ill‘l:ln.‘i will do. Th" ‘llU'HHOH ‘53
.5 \\'1;.i iii-on .\"I\\itll\' “nut to do‘.‘
a: ~—-~ — ~- _~___-
I ‘
Skull of ( reodont
Discovered in ASla
\ i- it: r \\ l. turnwl in Nl‘w York
inst \xnuk flout lint t'linpmzln An-
(1|‘(\\“, who i conducting the third
Ashlin nxp-h'wu unrlwi llll‘ aus-
pit'i'S oi‘ tiN .\lllillt'£lll Museum 0!
Niituml Hirz'wx null .\.'ii.'t Magazine.
wuvpn m . mp .ii limit Mailman.
'9. .lum in v i. i: ll“ Mutts that lit-
2 ll l‘:»t. lllv: it it vi .4; tli-‘ iuusrulli
as .t i-suit w iiu- party‘s ilrst
.nmnlh'H woi‘ l3.“ tons oi .Nivclnit‘nfl
n . tuning: a . ~le skull of n tirro-
doul. ’i‘hv n‘i l‘~ llill‘l\’-illl“(‘ inch-
PR lint; .lll‘l -« mil in: lll-(lllt‘ lilt'lif‘a‘
a- 1m: iiu- . vw ’I hi- (‘ri-odout is
ili- it"K'Ei i. .-.u .iiiilliitl. or ,vrirnio
' tin- l.iilll\| .iu-i trial-d to the
Mtsonix ol‘ .‘nin ll‘ .i. but of gigantic
sit/m. it is . l' I i'vil that ill" Creo-
dmu has I.: : a r. .ll'tlllt t‘iitv per-
r»nl. than lxlll)\\ll carnivore.
l'rolmiilv ll- .mui l' \\.is not a flesh
rat”. :iilho. rv Mi. ii in lhit (lusts
or creature. lull l..nl tillllll\(lrf)llfl lia-
Lllr. like tin i-ru. though unlike the
pit; in any “lli'i \-..i\.
'i‘lil. \ll..\'l'lll.li
-‘l"l~'lll in In l.ii;.l.iinl; [gul-
Motrin); 'i'ii Li. :-li')\\ll"d. moder—
lilv " iiirwltl"."
‘ l:.l.‘»tt'rn .Vv' inik: increasing
cloudiness Humid}; Hun...” by
Monday nigl! .iiiii nil 'l‘iiimiu}; lliilti
.‘ triupuratur- "
‘ I‘uiulltion humid) lli¥lll. th- air
. DIN-Hurt: w.- llll h oil the Atlantic
.‘UIl-‘l Mill Ir ill: nmlhirn liotky
mountain 1- uu .lll‘l tlii- north 1'“-
't'llic: stairs. . ll‘i it was low over the
." BHBM-‘Hlppl ‘ .1” \. (lit, l'liiin slates.
and the tar «Hillle'xl,
. in the Nmin .\u.uuu- sinus, till;
3‘ Weather rrii: Iill‘nl l.iil‘ during it“;
“j last. :i haul»
in New llu‘uiuil
the Weather mil i..-
and
As
[it‘lllllv‘
who
“1 need a iiiii- mort-
our lily niiuiiunlmtiuu.
lum‘v young iluii's
both llvllubllldil and
City Politics
near when
lumdidutcs for
the unions orlicvs of the city gov-
’ Norwitikcrs
lhm as a part of some-
situa-
ot‘ Nor-
will he
sometimes
his sale will
.‘v‘.li|‘illt‘tl with
politicians.
energy
“'0 need
political clubs.
Democratic.
ln‘st interests of
v. in it in city govern-
under-
are
an
iv quircnients
the
EFF")
pi-‘kiii'; turn to run
the city gov I'illl‘ lit is not some-
‘itlllv I'lm"a lilisiii ‘3 [till lllt‘ busi-
nrr‘d ol' the l>vwl l. Pi .\ui\\alk. the
liiirliirss of [in NH i'v hauls. the law-
fact it is the
mrry indl\id-
\ otvrs lil"ll|-
this mutt-3r
thc
.irpiivs to the women
lv‘t't‘lllly been
[illlllélllly require. at
much
Home womt n.
hour-\vr. known more about the tics
(luvs the aver-
$luo,imo (:aif i'us-
XL \v York
iliii‘ Monday and
become tins: :in it with showers on
. Tuesday with El tillllllllliiilull of mild
, temperature.
2. Winds: .Vurth at Sandy llook;
1r
. Gentle varia-‘lir weathrr lair Mon-
5&1.
# shady Hook to llatternsc: Gentle
moderate mmthcast and south.
i
TEMPERATL’RII
Motion take-n at ii p. m. 75m
:. at M-w Illlt‘n Weather
H. 30.”: 73
.. :iu.m 68
.. 30.1: ‘2
30.1: 2
30.12 M
29.93 65
29.96 63
29.“ 72
30.03 as
30.03 76
30.02 78
2014 74
so.“ so
so.“ 03
29.92 s:
80.1: 66
30.10 76
so." as
so." To
“.10 '62
)9.“ 1s
. ~ ‘ CC
-. 13
and. weather purity cloudy Monday,
clear '
cloudy
clear
clear
clear
clear
cloudy
cloudy
'cloudy
clear
cloudy
cloudy
clear
clear
cloudy
clear
clear
cloudy
clear
cloudy
cloudy
l loudy
clam
in
(‘ll-
IIIUFL‘
liilllPlll."
I...
Rippling Rhymes
WM
Panama m nun
By 'VValt Mason.
1 go to the boncyard tomorrow.
to see an old friend laid away; the
pastor. in anguish and sorrow. is
thinking up nice things to say. it
always is up to the preacher to give
us a boost when we die; and. bring
a sensitive creature. afar from the
truth he must tread: he has to di-ai
largely in fiction when praising the
average dead. The man who will
shortly be planted was mean as a
mortal cambe: few virtues to him
can be granted. few stars in his rec-
ord we see. And so I don't envy
the pastor who'll speak for twelve
minutes or more. and show that his
death's a disaster. an ill we can only
deplore. And some will be thought-
lessly saying. “The parson should
yield not an ell. but give o'cn a dead
man a ti ying. and all his tlt‘lin-
quencles II." Alas for the hearts
unforgiving! I sldo with tho kindly
divine. who softens the grief of the
living by givtng their dead ones it
shine. Oh. let us be earnest and
pious. beginning such conduct 'n
youth. and then when the sexton
comes nigh us. the preacher can
hand out the truth. With righteous-
ucss placed to our credit. the priwi
will be. able to talk of virluv. uni
“hen he has said it. no ini‘ \~.-.-
can stand up and knack.
U. S. Help Can
Save Europe
“'hithvr is Europe crafting? 'l‘u-
ward comalesreucr and uurnmim.
or toward cl\il and international
wars. decadence. and chzios‘.’ lid-
‘Vul‘d Bones. tilt: szt‘liosluuikiuti
Foreign Minister. \t'ntiins a. partial
solution of these i-nigmas in a sin--
ciul inteniuw with Fretiz'l‘it‘k iv’uh
printed in the New York “\klllllfl
i'ost.
\ththcr or not one agrets \\iih
Mr. lienvs' llndlngs. one must l'IC-
ognizc them as the uttt‘llli’it't’s oi’ a
statesman who has played a \ilai
role in patterning Europe's destiny
of
But unto
ter
American
each
\VASIIINCTON.
export busines by mail . i.
and pixrccl post is growing so rapid-
iy' that Department
officials have decided to ascertain so 2 ‘
far as possible the extent
business. of which no statistics ever
have been kept.
run into a. large sum
which will swell the total value of
foreign exports of the United States. ,
Plans have been completed to collect,
beginning with January.
tistics of exports by parcel post and
mail. which have not been collected
licrctoforcobecause such exports are
not cleared through custom houses.
By Edgar A. Gue‘.
A little bit of laughter and a little bit
song.
A hand in friendship waving to the
man who walks along.
Perhaps I. little nearer to the goal so
far away.
And so the record's written at the
passing of a day.
A little bit of sunshine or a little bit
of rain. ,
For some a time of pleasure and for
some a time of pain;
And should you laugh this morning
and spend the hours in play.
'Be sure you save your courage. {or
the coming stormy day.
Not long the rain or sunshine. not
long the mirth or woo.
pleasures co‘me and go:
A little care to_try us. a little laugh<
8113'.
And what shall come tomorrow no
man can truly say.
0
A little bit of friendship is all a man
shall reap,
And wisely
much would make it cheap:
[And whether mirth or sadness. or
skies be blue or gray.
[Perhaps the soul grows richer with
every passing day.
is that
Parcel Post Exports ' ..
‘ Are Gaining Rapidly . ". . I
I
Idle Funds--
—over $500.00, can 'be invested to adv
in our -
-
aniage
1; Time Deposit Department
« where special interest is compounded quartux.
ly. showing a greater return than on savings ~
accounts where interest is compounded semi;
“. annually. -
.‘f _THE" .
CENTRAL TRUST co.
the sorrows and “j of Norwalk
The Bank of Safety and Service.
ordered—too '
Our Successful Business Men
began by saving the
{uni
.L money earned, so that
August 27.—The ’
when the business chzncg
of Commerce . ’ ' 3' arose they Were in a posi.
l
of this \
tion to grasp it.
t is believed to , i
each year.
your account with 115‘
watch it grow.
1924, sta~
mfifimdmuida‘m:
HowMuch Have
It will betliebest f
during the past decade and whos-
lniiuencc is steadily on the llSCl'llt. ’
Despite his youth—for he has not
llc-i'oinv
is ll)
L'tliisitlt‘ililg tin-
intprdcpendvncc among l-lutupcan
states and the spontaneous reaction
oi political and social meats in ont-
state upon another. it is dilliculi to
imagine that ft single. nation or a
single group of nations could dis-
arm. The Ci'l‘lllltln of a [tract-I'll] at-
mosphcru lair-t pine the load to til-'5‘—
not
lien-pt: il
“will
it
linn-s has a \-'r_v iaxorahlc scnluiient.
al
raid.
until
ill:
practicable
Europe as a whole.
it‘ll-«t upon linislicd S't‘l.‘l.
t‘oiton Crop.
\ll‘llll‘lils. August, ~wllorc th't'i
usual illii‘iI'Si is attached to the as-
lllllilti‘s (in ihr condition of the cot-
tun crop. which will lwgiu to cam-3
in during the-next. \\'4'i'l\' or so. and
on H‘lllilllt‘lll as it is largely influenc-
cd thereby will depend in a measure
armament. mil-ed. disarmament tin in ml or grnvral husinrss activity
will ln- onr‘ o the paramount sub- ill a large. portion of the South. In
Jt‘CiS discussed during lht‘ S-‘pti-mhcr this tc'i'ritory particularly. there is
disposition at the moment to steer a
rate course and make haste slowly.
lttvpm-ls trout bankers and busi-
ness lv-ailcrs gun rally indicate that
conditions are regarded as healthy
and the recent iuii is no more than
St'HHitln ol‘ the League oi‘ Nations.
“it: dealt with there ulustioiis. too.
during the Sinala conference of the,
Little l-lnlvnte (CzecltOslovakiu Jugo-
slants and llounmma) at lhv outs-t
of August. 1 may say. that the Lit-
tic l-lntr-ntc is l'.l\urahly jm-impq :0- normal and rtuliy is conducive to
wards cvm'y holiey which enhances “USHWFS health. '“W'” is an abund-
disarmament." :uu'c or money available for all
legitimate rv-quiremcuts at rates that
an- reasonable. but. there is disposi-
tion in most quarters to exercise a
degree of caution where there is
speculaihc risk and disposition to
anticipate too much prosperity.
The volume of business being done
is in excess of the some time in 19.22.
and the quiet period was later start-
ing than usual, llnnk clearings have
kept ahead of 1922 to this time. and
stocks'of goods of all kinds are In a
state where an unexpected turn in
the tide would do little hurt. ‘
I reminded Mr. Bones of the grow-
ing belief that a new balance of
power between Britain and France is
emerging on the European continent
and that this trend is causing the
Little Entente. Mr. Benes coolly rc-
morc towards France.’ while ltaly.
Hungary. Bulgaria and Turkey ap-
pear to be moving in an e\'n:f'-
tightening circle within the British
orbit. I asked Mr. llencs to comment
on this version.
“Theoretically. no doubt. it is
possible to regard the dominant
political influences in Europe as sep-
arated into two such counterbalanc—
inz forces." he replied. "in reality.
however.- ihe situation is not quit:
so simple. Indeed. it is very fortun-
flit‘l! not that simple.
"In my opinionnit is imperative
that European nations pursue a pol-
icy of conciliation and concord. '.'lmt
1' why I never c e emphasizing
that. should Britain nd France part
company, the upshot \ould be fatal.
N“ only a solution of the repara-
“W' vrobisxn. but the peaceful de-
velopment or all Europe. depends
Corn Prices
CHICAGO. Ill.. August 26.—Corn
prices have advanced to s. level where
the farmers get a good profit. and
within the last few weeks hogs and
cattle values have also' advanced
sharply. h0g3 being up 51 a hundred
and cattle nearly $3 a hundred.
Fancy steers sold at $12.75 in Chi“-
go this week and hogs at nearly '0.
No. 2 yellow corn sold in Chicago on
Tuesday at 92 cents. the highest of
the season so far. and mixed and
White at the same time at. 89%
mu continued co-operation between :32: 2:33;“mgg‘fimm‘” “2::
_taln “‘ ““3. . ‘ b;yers for Canadian interests paid
--———.~__.._ 1 a top price for yellow corn.
Mrs. Edward Lena is speodlns a Bsptember corn on that day was up
"ii-iii BUSINESS WORLD
lngot Production
l‘lTTSBL‘itti. Aug: Stet-l pro—
llUt'LlOll continues at a very good
rate. especially considering the sea-
son or year. ingot output being pro-
bably nearer 44,000,000 than 40,000.-
000 tons a ycar. or only 10 or 15
per cent below the peak rate. of last
April. while well above the best rate
of 1922. Shortening of the work day
will hardly ali‘cct production materi-
ally. the change being made «is ad-
ditional men become available.
Foreign Exchange
even entered middle age— .\lr. lzirn- r
is a. "veteran" among the world’s
diplomats. Except for the ill! iulwis
of the lliissiau Uournmr'nt. in l:
the only Cabinet Mitiista-r who has .______
remained In ”"11“ during ”‘1' “H” ! Iron “Mil \irrl 'l'rnill'. “on so far. and within 3‘»; C(‘nia m’
and u hit” Mill“! Of “"1"“ “" H" . i‘l’l“|‘.\‘-lil'i;tlll. .\'.::;u:~i ~A \\'ith the high point made. at the rnd of
disposed to li'llll lH'HHH “'~~ “0"15:.\’(1itvixii.lr i t"‘.“ .H imnd lIlt-lt‘ ileuly. when shorts paid 90 cents. A
are not only thosa: ot’ t‘zi.-t:linslo\al\- . mah n“ a I, “Hum H... ”I, lu“,p.....h[rpntljustmr-m lu-nvcnn rush and Sop-
la's Foreign Minister. but .ii.~o thum- . ”I ”I“ 1.0” . 5,, I! ““1“ “”le L tcmlu r rflrn “Hm... has 1“..." U“. with
of the Little lintonli's Slinlu‘lliilli Jul: MM A” , 'M . 4mm" “Hart-3"" “awn“... m Silitnuimr “I more
ulltl. inllCttl. i-l' um“ oi lllt itlllilllllv .ililv \--:\ m. H, m ”I, ”udt'llliau lli rents in a “'l't'k and it"alo'c‘iim'
tuthc men in the luglpsl touu. ll» ('1 . “Mun“; Hm adunl ”f Siptcuiiu r “Inf l; in T (rslnlfi in the null prv‘mium
European diplomat). I'l‘llt‘lJi ”N I, [Mn-mlqjyhc enduring the same-time. i‘his was
symbol of a sturdy Slax r..m- tii.:u3 “luaum- or ‘11,“an “livn the Hunk“! 1. ' .. ..
hi'hl)’ key-d. }“ xuuw'. 1,.th mm" \.- mt \\l . H : IN N: \i' ' d, ..ist month (ash hvritlols (if (trill
“3 a b . it , ‘ 1 .‘l I . ”1‘ l “m‘ iltillk advantage of low high lil‘lt't's
Avenue club man. His, hi isoim i _\ :5, pt. lllinvp “iii li.il!lllili‘-. iii-in; moron,“l sold their Kl'ul". humming that
is frii-ndly‘ rouse. Sul'lillnltlilh. and . H..,i.”\_ in i~.n-iu~ular. \:iriou.:.it “nu“ be pawn.” I” 8” it back
shrewd. tine must. .iuugc- lilh‘fillirill-tlllllllll' «mun-“(~15 “Ill come m time [n t’iil ”w”. sales for Aug-
thoughts lens by \\ hat h.- 5.43 than I I”, 1”,. iivuuilaliuu. illHl shipment at lnu‘ri' “W...“ in
“Y What h“ l""“'s““‘sum‘ in a Kt‘n“rlil suru-v of tho- post-l this ”KT .liuvc lim'li disappointed
ills reply to ill-y ilrst quvslinn “as ; lion in “‘1th ”w iron and s‘n‘fllund have hm,” fort-rd to l‘"." high
accompanied in) an oxmtom- oi l “Mir mm, mm,“ ”M“, thrl-v ““ms’privpfi‘
iron). g "stnnd out promimuli): I *7"
"1 do not lit-lieu;- in a glut war. ’ ‘1) S: '1 [rituitlt‘Tion has contin-l \"lit‘at's "t'nty Tull
Mr. 1h~nes assured uuv. :uiiluit; \\.lvil: uni “my. ,” In: "H“. u. but .1 xhndei ST. “\th .\lig.—H.tl‘\'f'.~llng
perhaps ‘00 O'WlOUH “”‘li‘flm- “l. : “mil-r tlii ;.\. izisz‘ rulv during the has now got well undvr way through—
INU'I' "Qt for thy" prvswul. i....,..‘,._ lii':.l half of tlw _\-.ii', and only In-lutit lhi- Nr-i'ihwisl. and threshing up-
)“: “O"Hn‘m‘vl' "m ""w "H "‘0 "' ‘ twvvn in {illii if. p. r mvnl. unilu-r ithm‘utious have proceeded far enough
hausted [U‘lnillllflt' iii "‘1‘ ""_ " ”i \. rv lilKltthl lullr Illi.i1nvd as a. peak. i to give an idea of the nature of this
‘1'”.“99' 5m. do 1 “MM! “TH":W 'i'iiin l‘lfltiiltlltlll ilv'ln‘niis upon tlt"!3"5lsllil‘5 3‘1"”. 1" FUHH‘ dil‘ll'li"! the
l) i.!‘iit toward chat». . > ’ umiul. ”HM n. w ”mm: m. ”1,.“.“l_:i-iiicuiiic of the harth is satisfac-
"U“ ”I: (“nlrunl {In "vnluln'f." H‘ liiztiirns ui' I-li\v i':. in {It i" lit ilt'liH-l'ii-sl “'1'.“ bl” 0” ”W “11“)“ ”l“ "lllfln
1” European (”n'l”“":" " "I" l“ QM, UH “rm... or “”1”..er .Li‘aiu crops of the Northwest are
dir(('rriil;!.-. Un Hilrl sc-n'i- l mu .. .v. ( ., inn-5.55.. d 5“ .1 .D'.i;‘ldi [mus disappointing. This is especially true
minty not. l‘i‘Slllilllsllt'. It iii it‘ll-\l‘ “m ‘1‘“!me 'i'lu- ”HT 51mm“... is"'f tlu- limi luvtr \‘ulicy. \\'hI-ri- on
atlons problem “'tl‘t) to i. suixmi, . ‘ . 7. ' lmih the Miunnnoin and Dakota
Fitl' tcmorrow. \u- would m.p~iiillv“.“mm" “H".- H “n"? ll.” ll} the “d. shin-s: ot’ the rivcr. the results an:
inn it‘C0\t:'y’ 01' Europe ut trival<~ .' “'“‘"" ”"31 HM'.“ '” April. it may much llss satisfactory than had been
neck speed. iaiii iuiiy t4l.i\il\t ‘1‘“? ””‘I m" "'“J‘f‘lny or l’l‘fi'rvcrs hupcd for. Curiously enough. the
that the real dungvr lurks lll lw1~l' m" "m "\p'” “Hm" ” WNW" by harvest has revealed that in one
[(‘illlla a. settle-nit‘nt o. thw <p.ir.i— l “”5 ‘L""- I’m 1' is "0 “Tn" ”“1 ““1 livid the wheat or oats will hardly
tlonr :s..uc. ""‘l ‘” ”"‘ l 1‘“ !’3""’T"'i“ "'w dl'l' lilo a fourth of a crop. while in
i’Otilllrt'S Aiiit-i'it'a's (ti-l-p 'l trim-.1 l5) “'4“ "“I “U” and 51°C] : ill'iglilmririg fields there is almost it?
Am. “a." L‘SSlSiilllL'" t '1. 5“.“ {3.1 immip. “huh in-Knn iicclining late inlfun yield.
rot-c." jfilari'ii. and in: ”‘01). which lwa’un “'hcat has suffered the heaviest
l'nlli Mr. I't-nvs' iu.-,;i'- ltllii.'.ll- il-‘t'lliilli: ulmui :v. :imuth lull-r have toll from rust and {I‘llcr I‘t‘l‘l‘lllllul
lives up?" ently (low: not .-.. iiu in; Lin-Iv lit-«u making a much better (‘ln‘luivs' and in seeking higher ’0‘.”
u” ”H. ‘..iy of .gfupmm. m, in! ; 1“ll"“iilu ('Ukt' hm. iutvly had :i dot- the price at this cereal has only re-
this I‘Uilzl. the Czech iur - 'J'l numb liiuin- :Itl\:iliti'. \\lillt' scrap is n shade SDUIMNJ l0 “‘hut appears I" be tillilt‘
tcr shares tilt (‘omnu-u (lililllt‘i‘l ti..it l stil'iI-r and luisv-uls u distiucliv lict- -'l llOllCt‘fil'li‘ shortage 1“ ill" Sl‘l'lnl»:
(H‘iJiil'Jllli'lli can In- t~tl' M. -i h; >uu~ l trr rum, in: mm has rum-u to dc- \vhvat )‘lt‘ltl. liut it is sill. far from
uitunr-ous international tuitinii. or 1iiiinz‘ iurthv‘r in thv‘ past t‘lw weeks. “"1“: on it lll‘filltabh‘ basis {or must
not at 31”. :alivr dorliuinu sharply in May and 5""‘1'1-3.
"'l’llt' bill! "dill principle “1' ‘hifi‘lm' ’ .luuc. 'i‘h-- stii‘i'nlrs in these three
l
i
In Saturday's brief session the
feature of the foreign exchange
market was a further advance in
French exchange of 6 points at the
opening. to 5.68%. for cables and
5.68 for checks. and later the rise
was continued to 5.71 for cables and
5.70 is for checks. At the high level
the franc compared with a previous
high on the recovery from the low
of the year at 5.42 for cables and
5.41 1,5 for checks. a. practically con-
tinuos rally of over 30 points. The
advance in this exchange favorably
influenced the market generally. al~
though sterling merely held steady
within a slight fraction of the high
of the week. The movement in francs
was attributed to the more favorable
sentiment inspired by optimism over
the prospect of an harmonious re-
concilcment of diplomatic position
between Great Britain and 'Franee
in the near future. on the subject
of the Ruhr Allied debt and repara-
tions problem.
Consistent Increases in National
Bank Securities.
“Durln the period of war financ-
ing secuxfity holdings rose and fell
as short-term Government obliga-
tions issued in anticipation of war
loans were accumulated'by banks.
paid in against bond subscriptions.
and. in this converted form distrib-
uted in part to the investing pub:
lie .‘ Jun before the Victory not.
have in May. .1919. Government ob-
ligations and the total. of invest-
ments held reached their
reported figures. 04,083,000.000 and.
NB
the monthly review of
Linin investments in Govern-
s-curlties declined rapidly to
1920," any
tory
mciit
Sl-ptl usher.
' that
twirl:
the pruil‘.
'5”
'rr
(ll-i
than 32.000.000.000 from
liquidation in lmms. but it is noti-
«~~.;lilr- that the principal liquidation
in security investments had already
mu-urrd.”
The bank fii'rthcr ponts out that
from the autumn of 1921 until the
latest official summary of condition.
"ilnro was a Consistent increase in
the amount of securities held by na-
t‘unl hanks. Since May. 1922. both
1 us and investments have increas-
ed. the farmer by a half billion do]-
lax-s, the latter by three-quarters of
a millinn. of which 570 millions are
in lovernmcnt securities. The ra-
tin of investments to the total of
loans and investments has again
rim-n to 30 per cent.
"it would be a mistake to assume
the continuunrc of the abnormal sit-
uation with regard to bank invest-
ments which the war 'and post—war
conditions have created." but in
lmulonni bunk holdings of Govern-
ment securities is not considered im-
minent by the bank. which in con-
cluding says:
"Nevertheless. it may be some
years before the amount of national
bank holdings of Government securi-
ties will be greatly reduced. \Var
financing and consequent refunding
operations have provided a large vol-
ume of securities peculiarly suitable
for national bank investment by rea-
son of long precedent. early market.
and assured availability as second-
ary reserve banks. Moreover. the
situation of the public debt will re-
quire almost constant refunding op-
t'rations for several ytars to come.
Within a little more than five years
upwards of nine billions of debt ma-
ture. This situation will tend to
kocp outstanding a. relatively large
volun’ of short-term maturities
which will have a special appeal to
banks whose available funds exceed
current commercial demands. Furth-
ermore. while income taxes are
heavy. the Treagury will no doubt
continue its policy of anticipating
the quarterly tax payments through
certificate issues. These refind their
way in large measure into bank ss-
sct's.
Strikes Grow In Germany
“‘ASHINGTON, Aug. 26.—Strikcs
in Germany have grown in number
and seriousness. affecting hundreds
of thousands of workers and many
leading trades. Commercial Attache
C. E. Herring cables the Department
of Commerce. The spread between
the average weekly wage and the
weekly minimum for family s'ub~
sistence continues to grow. Security
prices have greatly increased. but
not in proportion to the decline of
the mark.
“—7
Norwegian Conditions Dispsovs.
\VASHINGTON. August.—The
placing of a 820.000.0th loan in the
United States. which has had a'u tm-‘
mediate favorable effect upon the
status of the crown and will materi-
ally ease the financial situation was
the most important development in
Norway during the past month. The
position of the banks of issue is
somewhat improved. and while ac:-
ivlty in certain industries is far be-
low otmal others. working for ex-
port, re well occupied. June canons
declined slightly. but are still above
last year's. Generally. the situation.
shows a slight improvement.
The “Fests. dolls-Luna" was a.“
“filled hi i litres-crowd Friday we
plug. The musical program‘ and the-
dauctng was meshed with much
applause and-many pronounced 11w
L"entertaimnent one of the, most 'en-'
jayable ever held in Weather-t.- The
grounds were beautifully , and
YCWdlnatthehomsofhsrdl to loss - '
torts . I cg ‘ ‘ elgwg’bm'm’nufifi
wish“! ”In
05.882.000.000 gespectlvely.”
the Corn
meme unusual Bank. - ‘ '
_..
tree-my of. theme. can
the bank.
the total investments foil
The principal reason for
liquidailhn of investment holdings
was no doubt the heavy demand
from commercial borrowers which
rrsiiliml in an increase of about
$3.7»iitl."i'~0.(i00 in loans and dis-
counts down to November. 11020.
Plum that date thr‘ri- was sharp
jgnucral reduction in the amount of .
M.’
a..
into
ings
the
arr our ‘
Of the
paying class and
receiving class by E
adopting a sav-
plan
Sticking' s t e a d -
fastiy to it.
The People’s .
, Trust Co.
First Bank‘t-oder the Bridge
" on Washlagton St.
South Norwallt.
You Saved?
friend you have
So. Norwalk Trust Co.
interest SERVICE and SECURITY
interest
Money Troubles ;
and
Money may be. a source of great joy or of i
great sorrow. The best way to escape money i
troubles is to have your money intelligently i
l and honestly taken care of. This bank is here i
for that purpose.
The City National Bank
SOUTH NOBWAI‘, CONN.
If You Are Looking for
an Investment to
:
EVERYBODY .
BUSY :
The government reports
that nearly all skilled and
unskilled workers are new
. Jmploysd‘. The country, as,
a whole. is prosperous.
. Areyou'stonng. ‘ aways
, U
partefprsssntprospsrity? ll ‘Y . tth . ren “
mum mg" - is ouwillneedmoneyto‘outfi echild H
We "8‘ “- u forschooLtogetthehouseresdyforwinw:
00m '- FF andvfor other eud-of-seasou purpose!-
“. ' "w laid to at m
,, _ s ‘ .l4 .3“. “up“ We“ ”tam“ ‘
* So- " sown
Yield 5'/;%
You Can Secure Through
THE SOUTH N ORWALK TRUST CO.
uumnteed Mortgage Certificates
_ of __
THE TITLE INSURANCE AND
MORTGAGE COMPANY
OF STAMFORD, CONN.
m AMOUNTS PROM $100 UP
MWmm by WWW
with um comp and guaranteed by soon-pony I‘d!
paidupeapltalof
$150,000
A" m nse passed spon'by the oomittee “w
New (hos-o and Wm
.
When Autumn Come} ii
ii
Beneficial Loan Society
‘nottaupsyshishltolinsuthly
»‘ payments.
Norwalk Chronicler