Norwalk Chronicler

Evening sentinel, Monday, April 20, 1925 · page 12

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Business world

e v FINANCES WORRY OFFICIALS

 

 

.-; i“?

 

.uD‘tliz‘wij‘l'.

 

m.

. Louisville and Nashville. mil go

:

 

 

. -PA‘GE TWELVE.

spent Millions

 

.-

in 11924 for Maintenance of Way

And Equipment and Want to Spend More
This Year, But Way of Getting Money Is

Not Smooth

By J. C. BOYLE
~Special Correspondent of
The Evening Sentinel.
(Copyright. 1925.)
NEW YORK. April Ila—Rail;
roads have been making a splendid

 

showing. both as to car loadings and...

profits so far this year. But. a good
many or them have round consider-
able to worry them. nevertheless.
Equipment condition. the surplus of
freight cars and the number of loco-
motives available are comparatively
:atisf.actory.' Transportation condi~
none are excellent and the volume
of revenue freight and the number
of passengers promise to be unus-
uallyrhigh. Full costs are not likely
to rise and roads are getting more
ton miles out of thElr fuel than ever
before,

But they have spent a number of
million dollars more for maintenance
of way and equipment than in 1924.
and they want to spend large addi-
‘lonal sums. The. way for exten-
'xlUllS and their financing is not being
:navlo smooth in some sections.

'le veto by Governor Fuller 0!
Mas-aclmset's of the Railroad Se-
rurities bill. which would have al-
lowed savings banks and invest-
ment houses to invest up to 10 per
cannot their deposits in equipment
trust. certificates brought protests
from roads and bankers. It is

. through issue of such securities that.

many roads. are preparing to finance. .

additions to Alines and equipment
The Governor has insisted also thi‘il
the Legislature dispose of his vtto
'at. once and not hold action in alley-
rmce until another bill can be drawn.

His action Was taken on the ground
that. equipment trust certificates
might be issued without appearing
on the books of the railroad com-
panies as .1 Liability. He declares

" The only security for them is. the
Equipment itself Bankers deplore
his attitude, bECalzee of the position
or the New Engmnd railroad. and
my that “bile St. Paul mortgage
honds are non' sellifiz under 50.
rquipnzent trust obligations of the
road are quoted Glow to par. she-xv-
mg their safet}

Molt-r buses have been skimming
no small part of the cream from

' both passenger and freight business

’ in New England. At least “to large
Cities have dam-led to renew bus ll-
renses to companies operating in
their terriwry despite opposition of
rho Boston and Maine. The latter
road is preparing to install buses or
its own in various localities.

The Baltimore and Ohio railroad
has some perplexing problems to
tags. Gov. Smith has vetoed
maesuz'e extending the time the Bal-
timore and Ohio Staten Island
freight division might be electrified.
if this could physically he done he-
tore Jan 1. 19:5, some railroad men
say it would cos: .fii".'l"~“,(.‘l!ju3 to #15.—
”"‘N.‘.0l}f'.

'I‘nen'rilso the Baltimore and Ohio
must come to an agreement with the
Pennsylvania lines regarding future
utilization the Pennsylvania sta-

s:
(1.

lion her-a {or L“ and 0. passenger
trains. or l'v'illl’l‘ in th“ use of fer-
ries Use of the Frnnsylvania tar-

mlna-l was :t'lrtw‘l when both roads
were under l'ederal control. On re-
turn of the roads to individual con-
trol the agreement. was continued up
to Sept. 1. 19:37.

Railroads in many sections are
putting on new and high class pas-
‘senger trains. The Pennsylvania
has announced a de luxe train to St.

Louis. The New York Central has
_,followed suit. On April 26 the new
Crescent. Limited. operated by the

Pennsylvania. Southern Railway and
into
commission between New York and
”New Orleans. The Illinois Central
is known to be contemplating ex-
tension of its. lines southeastward.
‘ The removal of the executive ot~
_fices of the Southern Pacific to San
., Francisco after being in New York
”20 years. following Julius Krutt-
echnitt‘s retirement. was due to as-
gressive plans for future expansions.
The extensive campaigns of the road
have resulted in tremendous devel-
' bpment of industries and traffic

;_1rom Portland to Sau' Diego, from
. . Salt Lake City to San Francisco and

5» ”well as in Mexico.
,. ~toiuse every effort to add to this

from New Orleans to Los Angelee as
The road intends
now has

business. The company

_-»~33,000 refrigerator cars and is add-

ing to its rolling stock and building

" now 15 tremendous new locomotives

c- through Phoenix.

4311 its own shops.

The road is constructing more new
lines than all the other roads of tie
country combined. including 108
miles of track in Oregon. 164 miles

Aria. and 100

,.‘ miles to fill the Topic-Guadalajara

. financing these

2 gap in Mexico.

These projects dictated the mom
1' ing of the operating headquarters to
7 San, Francisco. but the need tor
and other huge
:schemes has determined the heads
1 «the road to leave the financial or-
you: in‘New York. the. investment
enter at the country.

Business Topics

BOSTON. ' April 2‘3’.——-Two bills
'“mg‘ for expenditure or 82.000.000
;w’.construct new highways between

.r

 

;.i‘4‘

040114.;

”fiBootOn and the South Shore. have

, O
O‘o

“been favorablyreported by the leg-

islative committee on motor vehi-

 

‘cles. ‘ .
MINNEAEOIJS. April 2u.--Proe-
. banding activity in Minneso-
guru!!! neighboring st1tes in 42 per
fiagrgreater in valuation than a

’ ‘* “6. although seven or the 18
. 3 cities showed decreases.

 

 

n
a _ _.
P .
0. .

 

o'n-r. April 20.h—Bank
. teasefi approximate-

 

? Woman 49 Years
a With Same Firm

 
 

 

 

Margaret McGurn of Chicago
is accounted the champion wom-
an j oh-holder of the world. She
has been working for the same
firm since 1876. She is 0 sale:-
woman.

 

\

l
.
i
i
i
ly three nllllluii liull-il’b between Jan-

uary l and April 1. Deposits now
total approximately 549.009.1900.

Commodity Notes

FISH.

e

PORTLAND. April '."fv.—--Becauee
0f the treaty ("lemand for fancy
pack salmon and the slow more»

meni. of cheaper grades. it is likely
that only fancy chinooks will be
packed along the Columbia this
season. “'orld stocks of Chinook
salmon have practically been clean-
ed up and extreme pressure is be-
ing lflought to bear by the eastern
trade to secure the small supply re-
maining in the packers hands.
0 U 0

PIANOE.

 

t

the t

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i
i

i

51’. LOUIS. April 2tr.o.The con—
trolling interest of the Smith Bela
Piano Company has been taken

over by Sanwood Miller of the Con-
ilncntai Piano Company of Boston.
0 0 i
LUDIBER.
LAKE PROVIDENCE. Le. April
20—The Deena Lumber company

has sold its hardwood mill. logging
railroad. 75,000,000 feet of standing
timber and 25.000.000 feet or lumb-
er in yard to the Mark H. Brown
Lumber company of Memphis for
3737.000.

. . .
. SUGAR.

April Bin—Since the
deadlock between
the beet growers of Colorado and
the \V’eelern Sugar Company con-
cerning the contract offered by the

DENVER.
breaking of the

company. signing up of acreage tor

the 1925 crop has proceeded rapidly
but it is not expected the area
planted “ill be as large as in 1924.
I O I
STEEL.

PITTSBURGH. -‘Lpril Sit—Farri-
cated‘ contracts placed here in the
last week are reported to have ex-
ceeded 21,000 tons. Heavy melting
steel scrap has declined 31 a ton in
the last “eek.

U U I
FRUIT.

ATLANTA. April 20.-—-'I‘he Geor-
gia Peach Exchange estimates that
the damage done the middle Geor-
gia. peach cropnby recent Wind and
nail siorzns will reach $5013.0'S'0.

O O O ‘
OIL.

FT. WORTH, April imp—Drilling
in Northwest‘Texas oil fields which
has been held up for six months by
dry weather will not be resumed.
The shortage of water has not been
entirely relieved however.

8 I9 is .

PACKING HOUSE PRODUOIS.

CHICAGG, April 20. —- Packers
says this 0‘? the meat businesa for
the last week: "Trade has been
slightly better in pork. although the
demand for smoked meat is not so
great as last year. Cattle prices
have not responded to the increased
receipts and the acute shortage of
law priced meat of all kinds 66n-

tinuee.”

fl 0

GAS. .

JACKSON, Miss. April 20...
State Geologist E. N. Lowe who has
made an enminatioa of. the gas
well brought in in Holmes county
stated today h’s inspection indicat-
ed gas has not yet been produced 11:
commercial quantifies but the torm-
atia‘n is promising. The report the
well was producing 1.000.000 cubic
feet a. day brought many oil men to

C

-the section.

U . U u
LANSING. Kane. April 20.--.-

Binder-twine made in'the .Kansas
Penitentiary will be sold-this year
at. an advance or -2 cents over the
1924 price. ,
0 ,0 o
VEGETABLES. ‘

SACRAMENTO. Cant, April 20.
~5C'anhere: are offering growers
three ants a pound for asparagus
this year compared _,with 4 to 4 1-2
last year. The supply 'is good and

 

 

the quality is excellent. Shipments
at neghjasperaguaurornatne
, 9‘ “

 

 
 
 

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So. Norwalk

 

The nous; ofiKu'ppenheimer Good Clothes .
1214‘ No. Main St.

 

 

‘ INDELED no.

 

 

All ads at:-
propet clay .

 

 

 

 

tar Seminar

 

 

 

HAD THIS PICTURE

Mums

Portrait and Commercial

MOWER
TAKEN A‘T '

MéNUGIANS.

. THE SAME?

’ Photographer

WHY NOT ASK YOUR
MOTHER TO DO

46 South Main Street

South N orwalk

 

 

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Six be}: “u _
Three D23; . ., 't'lf
One Day :"fi"
So 3d
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A'B'L .40 Ink.
ANNUL'NL‘EHESIS ..
1-——Deatl—.s

2—Card
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memo and San Joaquin deltas has

been especially heavy since the mid-
dle oi )l‘nrch,

- U W

COAL.

HAZELTON. Pa.. April Ell-Out-

put is heavy at the” Lehigh anthra-

cite collie-rice. Deman' has picked

up since. April 1 and operators say

they have plenty: of otters on hand.

“é;

 

Precmincm.
(“‘ashington Star l

John Singer Sargent. a great men
loan. a great artist, has' passed on.
His works. however. live after him
andWlll continue to live. at ouco a
delight to the eyes of millions who
will see them and an inspiration to
those who possess, too. the spark of
genius. His claim l0 preeminence.
however. lies not in his mural decor-
ations, but his portraits. As a
painter of portraits he made {or him-
self in t.he.course of his long and
busy life a place in the world of art.
that is unique. Hie portraits arc
treasuer today in many countries.
and picture men and Women of
many nationalities. Ho has been
greatly honored by the people of
England, as well as in America and

France. In the grr-at National Gal-
lrry in London. a special room was
set. .‘lsldt‘; for an exhibition of his

portraits of \Vvl‘Lhelhlt’l‘ family.
This was a departure from the rue
of the National Gallery. which. prior
to the hanging ct tho Sargent por-
traits. had never admiued the work
of living artists.

 

RESIG N ATION S.

HARTFORD. April tilt-The res-
ignation of First Lieutenant George
Iii. Weller. Company L. 103ml In?
{anti-y. C. N. (3.. has been accepted.
the Adjutant General's ofllce- Second
Lieutenant Georgo.P. Bagrie. 102m:
has been promoted to
First Lieutenant and assigned the
post Vacated by Lieutenant Weller.
Sergeant Ernest F. Sahel-wet of the
same company. has been promoted
to Second Lieutenant and assigned
to Company L.. 103ml Infantry.

 

The fly that lights upon the
table's oft‘ the fly that‘s from the
stn\ble. .

 

TU HAIR DARK

If

 

Th oldotime mixture of Sage Tea
and Sulphur tor darkening my.
streaked and faded . hair is grand-
mother's recipe. and folks are again
using it to keep their hair a‘good.
even color. which is quite sensible.
as we are living: in an rage when a
youthful appearance I is 'ot‘ the
greatest, advantage. ‘

Nowadays. though. we don't have
the troublesome task ot- gathering
the sage end'the mussy mixing at
home. All drug‘ stores sell the
ready—tomes product. ‘improved by
the addition of :other. ingredientc.‘
called i-“Wyeth’s . Sage and Sulphur
Campocnd." It is very‘pop'ular be-
cause nobody can discover ~11. has
been applied. Simply moisten your
comb or a tottbfush With it and

. draw ;. this through? your hair. tak-

lnz/one smell strand‘nTaVMuMby:
morning, he tray-rheu- "Gunman.
but. who. delights the 'VMIGB'WRh
“your: Sage and»... sulphur Com-
pound. is than; beéides besutitully

 

Sacra; .

darkening the hair. met-5. grew. up.“
plicationsy it also produce: that.
scallion-e and appearance oil-abun-
dance-which. i010 attractor --Ad'v

 

 

 
 
 
 

 
 
 

STAMFORD. April 20._
Owners of several service stations.

owners or dining and dancing places
and other business men. have signed
a. petition which has been presented
to the state commissioner of high-
ways inwhich they urge that niacin]
to divert traffic during the time‘that
work is helm: done on NorotonIHill
in this city this summer in such a
way 351; tit-ill not-serioush’ affect
their business. as did the manner in
which it was diverted duringvthc
time that the Boston Post road'waa
being widened last summer and (all;
To continue conditions again this
summer as they’were last summer
means "the practical extinction of
our business." say the petitioners in
ei‘lect.

The petition is signed by a large
number of those‘who will be affected
and a suggestion is made as to how
it can be diverted in such a way as
to make conditions better for those
who lost business last. year.

The petition t llnws:

“Haring in mind the' practical
closing of the Post Road last sum-
mer from Darie'n to"tl1e‘tvost.'an'd
the contemplated continuation of the
road improvements at' Nor-madam.
Stamford. which will necessitate-de-
toure of traffic moved that improve-
ment. as noted in'afrequeet olvthe
town of Stamford ‘that 'Glenbrook
road be put in condition to accom-
modate such traffic, xventhe under-
stned businessmen. respectfully re—
qn est your considerationot the fol-
lowing plan in diverting traffic dur-
ing‘above improvements; to the end
our business will not be forced to
suffer practical extinctitm. as it did

 

Business Men Piotest ,
. Closing Of Post ”Road .,

 

Hill from the 423.“, is Hamilton ave-
nue. which leaves the Post roadto
the left Just after croSslng Miller‘s
bridge.“ to the :m on Weed a cone.
continuir~ acress Lawn avenue un-
der the railroad tracks and into
Git-“wool; avenue. , ‘

"This {viii allow tho use at the
Post. road over its last year's con-
struction on which the undersigned
conduct business. and probably will
not interfere with the work on the
short. space at thorn-vet end or last
year's improvements down to the
Noroton river.

*Aiay unfurther suggest: That as
Hamnton avenue is not constructed
to stand the heavy truck traffic. that
traffiocould be diverted at Dnrien
ant: sent over “7951 avenue. this no.
in; only the roadways better adapted
to stand the service.

"Eastbound traffic could reverse
the above_and also. for the lighter
vehicles. so east on Elm street and
Cove road to Weed arr-nus. thus trav-
eling a very attractive shore lino
route '

"Our main object is to keep the
Post road from Daricn to Miller's
Midge ep-nn to the '12: traffic this
summer. our business depending al-
most enili‘rly upon' that class of
trade."

M

 

Diamond "JeWelry

The Button-Oliphant Co.

Platinum and Diamond, Bar Pins $50 to $400

Over Half‘Centu'ry Fair Dealing

Platinum and Diamond Dinner

Rings ’ $150to$800
Diamond Engagement Rings . . $25 to $1500

Platinum and Diamond Wedding

SPECIALIZE' IN YAGER DIAMONDS

The ButtOn-Oliphant- Co.

Rings....................SSGtOSC‘JO

Platinum and Diamond Wrist
Watches $150to$650

7

Finest Taken From Mother Earth

Stratfield Hotel Building
BRIDGEPORT

 
 
 
 

 

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34—He‘fi-s.
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FINANCIAL—-

' SS—Busittrs

40—5100“? '-‘

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[NSTRL‘CU- 0w—

YEN-IX";—

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SO—V‘sme, .c-
MERUliANL-‘Ls‘t—

 

 

Rare That "Chest" Idea Abandoned

In 191:) there were. 36 community
cheats in cities of 2.3.000 or more
population.
and there are in the country only
385 cities in the class named. Com-
munity chests are found in eight or
the twelve largest cities of the coun-
‘try. Only five cities are on record
(is-having adopted mi then aban-

 

laat year. , .
"The most direct detour into
Stamford. which ‘will avoid Norotou

doned this eta-operative method of
financing social work. and in one of
the tlve It has been reestablished.

 

. ‘ That EveryWonian
ThereareGore and Strap

Courteous Service -

Spring Fashions in F ootwear

and leathers. Snappy Sport
leather soles, others with crepe soles.

Will Love to Wear.
Pum sin many patterns
xfords, some have

Conservative Prices.

 

‘MIiLTON _

122 Washington . St.

a...

ELVVOOD ~

So. Nor-walk 'i

 

 

 
 
 
 

 
 
 
 
 
 

 
 
 
 
 
 
 
 
 

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.. “Door-and :Window Screens

1 . ' Screen ~30urtwinliowu— and doors; early . and. you:- i
* i’ house . will’botreo 'trom- the iinvulinr horde E of. *
marlm'ithlt‘arry .desease' breeding'ce‘rms
“mm!”- ‘ “lemme“ sundown-sn-
' 151! fireid'yémad'ogwindawéacrem adhere-minibuses.
.. Dofi’t‘WHGtEmemiur-earln ‘ . i “ .. ‘ '

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Bl—utlcies 1 "
Sl-a— aria» "
52—Boats
53-Bliildiz.g
5£-—Busmes;
men:
55-—Farm 3‘.
65¢Fuel.
6?—Gnod Th.
59—Househ.
Gil—Jewelrv "
61—Mach‘“
. 629Muslc
SZ-a—Rad:
63—Seeds
64—39mm
SS—Weariitg e;
SS—Wamed— . ..
ROUMS‘AND 1.» limo—
67—Roorns V.
(SS—Rooms ‘5’
69—Roonts fr:
TO—Vacatm: ‘:
TIé-Where t:
73—Where :-
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