New Britain Herald Newspaper, May 31, 1919, Page 11

Henry Clews’ Weekly Letter { (Speclal to the Herald) !hasons For Caution and Hope. i New Fork, May 31.—One of our oremost bankers returned from Eu- Tope with very discouraging views régarding economic corditions over there. Such views are but natural to those who have been forced to endure prolonged strain. All the belligerents have suffered beyond words, and their Deople are more or less under the in- fluence of nervous exhaustion: so that at this time hopefulness is not to be expected. But this state of mind is only transitory. The recuperative abilities of the three greatest Pean nations not fully realiz When peace has been signed, when unrest subsides, when industry re- vives, drooping spirits will vanish; and the hopes of a new and better era will stimulate men into fresh energy and enterprise. The surest cure for post-war maladies will be work. The world is weary of bloodshed and waste; it hungers for productivity, and this country can devote itself to no more beneficent purpose than aidin resumption with all the financial an ndustrial support that we can safely put forth. In helping Europe on sound and generous lines we shall be helping ourselves. We have an abundance of all the food and raw material needed across the Atlantic, and if we lend wisely and liberally Europe will be able to pay us the more promptly. Our Place in the World, The United States is today beyond question the strongest nation in the world. We have reached our matur- ity, though far from our full develop- ment. We need a freer intercourse with our fellow-men throughout the world. We want more of the fruits of ivilization: and if we are to possess hese things, as we should, we must be prepared to take our proper place in the forefront of the family of na- tlons, ready for the responsibilities that such legitimate ends imply. We must sustain the weak: doing our part for maintaining international or- der, and giving the helping hand to those about to embark upon the stormy seas of self-government and democra- cy. George Washington’s memorable advice about avoiding foreign entan- glements applied very closely when we frst began to walk in paths of free- Hom: but they do not apply in the same degree under modern circum- stances. Responsibilities of this char- acter have too long fallen upon & sin- gle nation; Great Britain already hav- ing a much heavier burden of this tharacter than she can be expected to e#¥ry without incurring jealousy if she adds to it. Why should we not act as disinterested guide and stabil- izer to wretched Armenia and disor- ganized Turkey? No one will deny that our supervision over Cuba and she Philippines has been beneficial to all concerned, despite our mistakes. We have shirked such responsibilities are too long. Let us take our proper place | in world leadership on lines that will hppease and not create jealousics. Such a policy would broaden our vi- jon, at the same time diverting us Jrom petty home politics and saving s from the evils of excessive self-in- rospection Psychology As a Market Factor. Psvchology is playing an extraor- dinary part in the present security market. It is a common belief that there is no sentiment in business; and in a large measure this is true. But confidence and depression are opposing fentiments, which have had very much indeed to do with values since war began. We are just emerging from the most stupendous crisis in history and extreme reactions are inevitable: In other words, the pendulum must swing backward as violently as it JPreviously swung forward, accelerat- <d by economic starvation following kvar. We are already in i unreasoning optimism, natural sequence of the terrible de- pression of the last few years. The world is consequently threatened with an era of speculation and expansion that later on may strain banking re- sources to the very limit unless re- straint is wisely and courageously ap- plied to prevent dangerous excesses. Fortunately American bankers a much alive to such possibilities though without co-operation of the business community they cannot be entirely averted. The present infla- tionary temper is the sequence of past events; a sort of fever in the blood of our economic system, which must run its course to the point of exhaustion, a result not yet in sight. Despite inflation of credit, commodi- ties, and wages, the business situation the United States is still strong:; uch stronger than thatof any other nation in the world, because for the next twelve months at least we stand to lose less and gain more than any of the other nations involved. There are unusual danger spots ahead and great risks of an inflation that will bring unpleasant consequences later on, unless checked in time. The imme- diate outlook, however, as a whole warrants discriminating confidence and a steady belief in all sound and well established enterprises. tock Market Influences. Stock exchange activity has contin- ued upon an extraordinary scale, mearly 2,000,000 shares daily, al- though intervention of Decoration day caused some slowing down. { Values as a rule continue to advance, the exceptions being few and unim- portant. Considering the enormous nsactions, profit taking was ver bderate: in fact, moderate liquida- n is desirable in some quarters ere the pace has been too fast and the rise too uneven. The greatest ad- vances were among the industrials, not a few of which are making very arge earnings. Thus far, however, he rise has been simply a natural re- #ponse to unprecedented conditi the prime factor being the great wave of agricultural prosperity which Is sweeping the country. Even should the weather not prove all that might e desired during the next few weeks, e are assured a wheat crop of 900,- 000,000 bushels, or more, at exceed- ingly profitable prices. The buying pawer aof the interior for another year a NEW BRITAI DAILY HERALD, SATURDA CHARMING PLAN FOR SMALL HOME 26«18 RIS GINTE The designing of small houses is a pleasant problem for the home- builder and the great amount of time and thought put on domestic archi- tecture in this country seems to have borne good fruit. Many people who are contemplating the C homes will begin to gettheir ideas in shape months or even years in ad- vance, by consulting good books or azines, and th Our ever ments seem to demand ne tions of rooms and the rapid pri has brought about a tion which demands the greatest is -hanging require- v combina- rise in condi- in- AREA COVERED 22 BY 26 FEET—TWO FLOORS be found that the house is extremely small, covering only an area of feet by 26 feet While the dining room and kitchen are small it is as. sumed that a house With more small rooms has a greater appeal to some people than one With few larger rooms. On the second floor the hall space reduced to the minimum and as the stairs start Up out of the living room all the nsual waste haill space of most houses has been eliminated. In two of the bedrooms wardrobes with doors that OPen the entire width of the closet have been used for the reason that they save considerable space. The space over the porch, while low. still great enough for trunk storage. ete. A much neglected feature of our homies is the garden. Our idea gen- erally is a few vegetables and an ill- kept backyard, while the possibili- ties of beautiful flowers and shrubs seem to have been forgotten entire- ly. The porch on this house is placed so that it might have a pleasant out- is genuity in plan and design in | that the prospective builder may be building of able to build at all In a home of whatever size the dis tance between floors is practical uniform, so that in the small house its length appears in bad proportion | to the height of the elevation unless { an excellent | The break in the elevation thus some horizontal line is introduced The house shown has a Germantown hood, used in connection with porch roof and latticed first story. pro- vided is interesting, inexpensive and the keynote of the design. Upon consuiting the plan, will order the | look on ch a garden and it should be approached from the street by a brick walk bordered by old-fashioned flowers. It may sU not be apparent to most | ! 22 | } | | jand 40 of 1 | | | I | | | | 1 | | 1 i et { | i i | home builders just how much a house | its setting for a suc- cessful result. Many extremely bad houses have been saved by good planting and on the other hand many houses which are good in themselves seem hard and bare for the want of planting No house can be seen at its best until it has had three or four vears in which to make itself appear at ease in its surroundings depends upon tremen- to be simply impediment will consequently dous, and the only widening mercantile activity at moment is a prudent hesitation ot distributors to stock up freely at cur- rent high prices. But a great con- sumptive demand is in prospect nev- ertheless, the only check upon which will be frequent scant supplies and in- ordinately high prices that are alread: acting as an important rest, buyers. The Railroads and Congress. The agricultural situation is also a very important factor in the railroad outlook, which otherwise would be very discouraging. It is creditably hind to the amount of $1,750 000,000 before return to their owner: a sum | Wwhich congress may be asked to ap- propriate in fulfilment of its promise as good condition as when taken over. This promise alone { from financial disaster; and, when to this is added the prospect of good surfac hence their recent strength. The next important consid- eration in connection with valnes is the attitude of the next con- grees towards business, which is more reasonable and capable than its pre- decessor. The nec, ¥ appropria- tions will certainly be made: the rail- road problem will of course be tackled the od of taxation will be accomplished, even if no reduction in amount is ef- fected. Tariff legislation but it will be difficult to devise any advance in rates that will add to nece. revenues, when imports are already abnormally light and nat like- ly to show much increase this year. The fewer the changes in the tariff the better, until more settled condi- tions are reached. Feeding Europe. Foreign trade returns in detail show some very striking changes. During the last ten months exports of bread- stuffs reached $739,000,000, an in- crease of $221,000,000; and meats to- taled $900,000,000, a gain of $410,- 000,000. Here is a total increase of $631,000.000 in food products, to which might $70,000,000 gain in cotton oil ship- ments. While a portion of the increase is due to higher prices, it is very evi- dent that our efforts to Enurope have caused an fully $700,000,000 in our food exports for the ten months ending April Firm Time Money. The monetary outlook is fairly sat- isfactory. Our government is issuing treasur s quite freely, and the banks are taking them without diffi- culty, having somewhat lessencd their holdings of government honds. In the early part of June the second in- stalment on the Liberty loar. will be- come due. Foreign governments are likely to seek credits in larger sums: and the necessity of financing our ex- port trade on definite lines is also be- caming more pressing, in proof of ing the creation of a huge banking organizations for this purpose. Tocal applications for capital are also be- coming more numerous, and within a few wecks the demands for crop will assert themselves: not to speak of the expected greater activity in business. and the effect af high values which absorb banking funds The chances, therefore, favor firm time moneyv for several months to come. Reactions in the stock market were { slight and a strong undertone still ‘prc\'ails, the upward movement ap- a this | int upon | stated that the railraads will run be- | to restore the roads to their owners in | aved the roads | business next fall, it s seen that their | future is much better than appears on | security | and some improvement in the meth- | is possible, | feed starving | expansion of ! | e ed another S be added another item. | <y oo | Has | Jergen's ! Woodbury’s Soap, special which is the growing sentiment favor- | 4 parently not having by any means ex- hausted itself. Steel issues maintain- ed their leadership owing to improved prospects of the industry At- tention is being gradually turned to securities thus far neglected and which are more attractive than those already selling at high figures. HENRY CLEWS. GEN. GORGAS AT PANAMA. Been Studying Conditions in South America. Panama, May 31.—Major-Gen. Wil- llam C. Gorgas, former surgeon-gen- eral of the United States army at present head of the American vellow fever commission, arrived here today with his party from Guay- aquil, Ecuador, en route to the United tates. The commission has been in- vestigating conditions in northern South Wmerica under the auspices of the Rockefeller foundation. The Gurran Dry Goods Co. 381-383-385 MAIN STREET, NEW BRITAIN, CONN. Special To-Night Aspirin tablets, special Corona face powder, regular 59c, Mavis Talcum powder Talcum powder Orchard White special for the complexion, Koko Palm Toilet Soap. 3 cakes for Palm Olive Soap, special Colorite, all shades, special 19¢ Gent's Soft Dress Shirts, soiled, value $1.69, special Ladies” Lawn and Organdie in pink, flesh, white and value $1.50, special slightly 98¢ Waists black, 98¢ Tadis ilk Gloves, double tip, special black and white $1.00 Ladies' white, cach, Silk Lisle brown. 2 pair Hose special foril. ... in black, tonight 59¢ cevn. $1.00 and | 19¢ | CITY ITEMS L Victor records on sale Monday L. Pierce & Co.—Advt Inspection day Sunday at Park Reserve sale of home sites on North Stanley street, opposite end of car line. Free souvenirs to visitors Sun- day afternoon.—Advt. | Through the H. N. TLockwood ia,;.:nno,\‘. Charles A. Bence kas bought | at the fine residence at 295 Chestnut | street, corner of stanley street. Mr and Mrs. Edward = Ryan of Naugatuck, former resident{ of this city, visited friends here vesterday. A big fleld is being planned at Mary's pl undgfor July 4. The annual lection will be taken at St. Mary's urch tomorrow. Three cases of scarlet fever. on Beaver, Orange and Lincoln streets, | were reported to the board of health | today. | June Victor reeords at Morans’.— advt. The ‘A. O. H. will meet at 10 o’clock tomorrow morning to elect delegates. The Junior Aid society of the Meth-~ odist church will meet at the home of | Mrs. F. Bond Flower, 431 Park street, | Tuesday evening, June 3, promptly at 7:30, to sew for the day nursery. Members will please bring all work belonging to the society St | f flaw .,\[ur) A. Hall of Stonington G MAY 31, 191 22 REALTY GHANGES DURING PAST WEEK 17 Marriage Licenses Granted and 7 Deaths Recorded During the past week 17 licenses were taken out deaths recorded at the office. There were only 22 real estate trans filed in comparison with 35 vious weeks. The prop- erties which changed during the week follow: Real Estate Investment to Gustaf Wallen et al buildings on Bradiey street. Sarah Faber to Gustaf Wallen et al., land and buildings on Wakefield court Bodwell Land company to Frank E Mason, et ux., land on Sefton dr Henry Kinab et ux Ferdinand Witzke, land and buildings on Roberts | reet i John H. Lardner marriage and seven town clerk's corporation land and to to Helen Lardner, land and buildings on Willow street Angeline Gatte to Peter Marchesi a nd on Oak street Charles Katowsky et al. to Stanis- | Kaczynsk, land and buildings on Jeaver street. l Frank H. 1Alford hamson et al., land Fairview street. Tnion Realty Eric Carlson, street. Anna M der, land on et to John A. Abra- ! and buildings on | Incorporated, to | on Rentschler | o land Borg to Victor . Bonan- Connecticut avenue. i Bllen G. Gray to Isidore Wilson. land and buildings on Stanley and Schultz streets. James Lacava to Joseph ux., land on North street. Herman Belkin to Ida Goldsmith. land and buildings on Garden street. Myron D. Stockwell et ux., to Her- man Belkin et al., land and buildings | on West Main street. i Edward Andrews et al. to Stephen rendzinski et al., land and buildings on Winter street Walter L. Carpenter et al. to Arthur | H. Parker et al, land on Stanley | street Nicholas T Doerr, land ford avenue. Harry Maxen to Benjamin Solomon, one-half interest in land and buildings | on West Main street. Franceska May to Charles P. Fay | et ux, land and buildings on Lawlor | street | John Peterson et al. to Adomas | Kazakeviczius et al., land and build- | ings on Kelsey streot | Philip Corbin to Harriett M. | Parker, land on Sunnyledge and Lin- | coln street. ! Anthony Skorupski et al. to Stanley | Grzyb et al., land and buildings on | Hayes street. | Volek ! Glover to and Herman buildings E. on Hart- | CONN. SCHOONER SINKS. Down Off Sandy Hook Today. New York, Ma Hall, a schooner oes A, 31.—The Mary of 381 tons gross, hailing from Stonington. C(‘onn., sank off the West Bank lighthouse, near Sandy Hook, N. J. The vessel | went aground on Romer Shoals here | last Tuesday, but was floated the | same day without istance. She | had cleared from New York for | Buenos Aires. Observers ashore at Sandy Hook reported today that when sighted the ship’s main mast was | broken and the mizzen mast had fal- len. The schooner was built at Bel- fast, Me., in 1882, ) | | | J i Mr. and Mrs. Paul P. Croarkin of Chicago are rejoicing at the birth of. a son. Mrs. Croarkin was-.formerly | Miss Margaret Daly of Washington, sister of John J. Daly easy. tions. . The Wedding! One Occasion When Flowers Cannot be too Plentiful LOWERS should come first in the calen- dar of your wedding gifts. If you know the Bride's favorite flower, the matter is If you don’t know her favorite, send yours. floral wedding gifts is in their arrange- ment —we will be glad to give you many helpful suggestions. The important thing about ROSES Are Distinctly Wedding Flowers although there are many other appropriate and lovely flowers for bridal wear and home decora- For graduations. birthay etc., you can always “Say it witl fully express your sentiments. 'VOLZ FLORAL CO. 92 West Main Street , sick rooms, Flowers” to RICHTER & CO. | MKEMBERS NEW YORK STOOK EXCHANGE 1 WEST MAIN ATREET ... NEW BRITAIN, CONN. TEL. 2040 BRISTOL BRASS | Bought, Sold & Quoted | GOODWIN BEACH & CO. Room 410 National Bank Dullding. Telephone %120, T. FRANK LEE, Manager Colt’s Patent Fire Arms Stock Bought and Sold JUDD & CO. Rooms 309-310 National Bank Bldg. Tel. W. T. SLOPER. Mgr. WE WILL BUY AMERICAN HARDWARE NORTH & JUDD’S as. * C-5 BREAKING FROM HER MOORINGS A remarkable photograph taken of the U. 8. naval blimp, C-5, as it was breaking from its moorings, New- foundland manned to again The sea dirigible drifted une- never to be sighted NOW IS THE TIME TO HAVE THAT RUUD GAS WATER HEATER INSTALLED A. A. MILLS Phone 381 80 W. Main Street. A STRONG, RELIABLE CORPORATION organized and qualified through years of efficien trustworthy service, to act as Conservator, Guardiar kxecutor or Administrator. Capital $750,000. Surplus and Profits $1,000,) Connecticut Trust and Safe Deposit HARTFORD, CONN. M. H. WHAPLES, Pres"