New Britain Herald Newspaper, July 21, 1919, Page 10

Is Ar Almos* Unheard ( These T éme" -, VICTOR Tfigrg Ih RECOR FRICATIY THIIS The Victor Tallung Machine Co. announces a reduction of from 25 per cent to 50 per cent. ON ALL RECORDS ranging in price from $2.00 up. For Example: — Caruso Records Tetrazinni Records Melba Records Lucia Sextet Rigoletto Quartet This liberal nolicy we feel sure will be received with open arms by all music lovers. OUR STOCK OF RED SEAL RECORDS IS IN WONDERFUL CONDITION You Are Cordially Invited to Call and Hear Them. Old Price $2.00 and $3.00 $3.00 $7.0¢ $6.00 THE C. L. PIERCE CO. The Leading Main Street Store. 246 MAIN ST. U, S. GRAIN CORP. SHOWS Bl PRflFlT‘ $23,000,000 on ngh t Side 0I Ledger Atter 22 Months New York, July 21 In reference to | the dispatch from Washington report- ing some criticism in Washington of | the fact that the grain corporation, in | 22 months’ operation ending July 1, last, had recorded a profit of about 23,000,000, the president of the cor- poration, Julius Barnes said recently, “I have no direct advice from any | members of congress of any criticism as to the operating statement made by the grain corporation, except a num- ber of favorable letters that this Q ear Your Skin Save Your Hair a\;{ th Cuticura ap, Oint., Taloum B0, r % Sample CLOSING OUT SALE THE UNION’E‘EA CO. | ton would seem to indicate there is | proper to earn interest on that money ! 000,000 of the $23,000,000 reported agency of the government, for one at least, was able to conduct its business without loss. Of the $23,000,000 ried forward as earned surplus, sub- stantially 0,000 v pro- fits ma y the mills during the crop year 1917-18 and required to be re- funded. The general protection to the public in flour prices is not represent- ed at all by the excess profits required to be refunded, but by the deterrent that such refund of excess profits would be forced, thus keeping flour prices continuously throughout the vear at a fair relation of the stabfliz- ed wheat price. “The grain corporation used of the funds of the national treasury, as cap- 50,000,000, for the 000000 in the last E rey borrowed from the people in the form of war bonds, and on which the national government was payving intere: We conceived it while set aside for our use, and $10,- was interest on national capital em- ploved in this business. “During those two years neutrals not associated with us in war, had no scruples in requiring us to pay very high ocean freights for the products which they had to sell, namely, their vessel carriage. We had a sound con- ception that, this bei 3 proper,to conduct our sz on a basis of moderate ) grain corporation hought and resold, largely overseas, nearly two billion and the net secured in this v one-half of one per cent., or $9,000,- 000, making up the halance of the $23,000,000 reported earned. Moro than that, the grain corporation was peculiarly fortunate in not having lost a dollar by fire and in ! freedom from marine sinkings. is | fortunate outcome is a factor in mak- ing the final profit result. “The comment quoted in Washing- »yme confusion as to the activities of | the grain corporation recorded up to July 1, last, and the responsibility put | | upon the grain corporation for the caming crop which is just commencing o move. For two years it has not h a question of the grain corpora- holding the price of wheat at tk suarantee level so much as prevent | it from soaring above that fair-price New Price $1.00 and $1.50 $1.50 $1.50 $3.50 $3.00, etc. Opposite Monument. ’PHONE 1117-2 level, and this was done quite suc- | cessfully in the protection of all our people, both producer and consumer, until within the last three months, when, with insufficient power and with evidently under the estimat at prices have ruled somewh above the government buying bas and even today are above the level which the government will buy. The impression quite prevalent some few months ago that there were very large stocks of what which would press on the market without government inter- ference has given way to a better un- derstanding of the situation. Our new crop has shrunken very rapidly in its ter understanding ments abroad has | [ better general understand- | ing of the fact that probably the gov- ernment fair-price level today is the fairest expression of the real value of wheat t obtainable. “A larg of the wheat crop of y and of the world is not vet secured, and the deterioration in crop prospects for the past 30 days in America and abroad has been very marked. I certainly hope this deter- ioration will be checked,jshortly, for it seems quite apparent that we have no longer a burdensome wheat supply in the world.’ — 317 — Entlre Sfiock oi Crockery, Glassware, Tin and Enameled Ware on Sale Monday, July 2ist. There'o ¢ This Store Will Keep Open Monday Nights Until Further Notice BESSE-LELAND’S THE LIVE STORE londay Night Specials Men’s and Young Men’s Suits $14.50 to $37.50 Were $20.00 to $50.00 Tonight 7:30 to 9 P. M. we will sell these suits 5.00 oft the ark down price. This inciudes our entire stock of suits Tonight Only, 7:30 to 9 P. M. Lot $5.00 Men’s Casimere Odd Trousers $2.50 Sizes 28 to 34 Tonight Only, 7:30 to 9 P. M. Mens $2.00 Siik Caps $1.00 Straw Hats Now 1-2 Price BESSE-LELAND CO. 38 STORES 38 CITIES The Aim of This Store Is "ALWAYS5to Give the Public SERVICE