New Britain Herald Newspaper, July 26, 1919, Page 11

aminute ! With this new dishwasher “in just a minute” her dishes wiil be all washed and she’ll be able to join her friends. This new dishwasher washes the dishes quickly and well. It saves you this distasteful task. It so simplifies dishwashing that almost all you have to do is to stack the dishes and place them B in the racks. The motor does the work. Western Eleciric Dishwasher and Kitchen Table It is even useful when not in operation, for it is a splendid, topped kitchen table, aluminum not a space-eating appliance. Come in and see it demonstrated. The Spring & Buckley Elec. Co. 75-77-79 CHURCH ST. TEL. 900 ¥ BUSINESS OUTLOOK APPEARS EXCELLENT E: Mlen M&);;fis Salesmen Conditions Are Good wages. But as a whole general ditions are good. Much better in some industries than in othe The leather industry with all its hranches has prospered. The prices have vanced and makers are unable to fill orders properiy. In the cotton | dustry the prices arc going out sight. The mills are all busy, and | with very high prices. The steel in- dustry, as you know, is sitting tight. Holding their prices up, but not doing a great deal of business. 1 think, however, that things are a great deal better now than they were a month or two ago. I do not imagine that we are going to have a big buying movement in hardwarc at present There is zoing to be a hig consump- tion of goods, however. We arc working under peculiz conditions. We are on a pinnacle and we must naturally come down instead of go up. Prices may be advanced. It is wholly possible. Within five or ten vears we must come down to lower prices. con- ad- in- of That the outlook excellent, indicated ing statement made Moore of the Stanley Works in the dourse of his remarks addressed to the salesmen’s convention: “General conditions, as a the present time are good change so quickly that it is what embarr sing to speak to a con ference that gathers only a year hence. 1914 was a prosperous year, afd a tight year. At the end of the TYar, great corporations reduced wages and let men go. Everybody expected recessions in every industry. There was a scarcity of money and nterials Labor demanded high for business is in the follow- by F Allen is o whole, at Things some- “A great portion of the world now idle. The world has been doing something else for several years. To- day, Europe is not producing enouszh to support herself. That means that they are going to buy not particularly hardware, hut something else. Coun- tries will soon begin to huy and to pay for the goods. The Unifed States must furnish most of the goods. We will have some competition, but the United States will do by far the great- er part. I do not look for lower prices. Probably a scarcity of goods instead of an overplus. The question of labor is still present. Your policy should be to sell. 1 am not in favor of sclling ahead. The attitude of the salesman wants to he close fo This customers, and to keep them in touch with the situation, and to buy as intelligently as possible. At the same e, I think our department ol pretty sure they do not want a lot of speculation. Try to discourage speculation on the Stanley Works. We are doing in the hardware business one-third to 50 per cent more busi- ness. And this plant cither lies idle or you men zot to get business to keep it We do not want for the future, but orders present. Sell at present Urge customers to put in fall do think it is any risk sales SAIGH QUALITY AND PRICES R\GRHT - - - THE PRINCIPLES FOR WHICH WE FIGHT - - have going. promises for the prices orders. | in doing Speaking of quality plumb- ing speaking speaking of fair prices. of rapid, dependable not 80" work-—speaking of courtesy and all-around business of ourselyes good con- Henry Clews’ é Weekly Letter duct—well as a matter we're speaking about and hope that instead of taking .all of this for granted you'll y § give us a chance to prove it E. P. BURNS PLUMBING. (Special to York, July difficult to The Herald) New here are not a few problems ahead which tend the excessive optimism developed since the war closed. Much attention is centeved upen the labor movement, the demands for hizher wages and shorter hours, the fre- quency of strikes and the ontlook for sobe 11 MAIN STREET. National Mazda Lamps | ALL SIZES : If in need of new or extra globes for your house ! b let us supply them. A complete line—all sizes—al- ways in stock. A. G. HAWKER ELM STREET | was $5 i total | 000. | and there are no signs of relief from | ing the | quirements, which owing to an extra- | source | tive for *he continuance of oun | plans for meeting this situation which the continuance of (his movement Capital is not unsympathetic with the desire of labor (o improve its position, hut appraciates the consequences of shortened production and what happen when the upward movement is checked by exhausting buyimg pow- er. Cabital and labor alike are de- manding higher wages to meet rising costs, and both are likely to demand still more as long as the public will pay, or until ahundance takes the place of scarcity, which as a matter of fact, is the only real cure. That, of course, means work, and more wor Heavy Load Upon Money Market. The monctary outlook aiso of decided perplexity. While banking vesources have grown enor mously, credit also been greatly inflated, and the demand for money is growing fast in all directions. The | amount of money in civculation July 1, | 841,000,000 compared with §7, 385,000,000 a year ago the circulation | pe rita now being §51.28 as against $50.86 at the same time last y The of the national ban according to the last available state- ment, were $15,903,000,000, an in- ase of $1,518,000,000 in twelve months, while loans and discounts in creased in the same period $644,000,- Taxation continues to draw cnor- sums from productive activity, will is has I deposits mous be- the Too the government still influential factor in Next come trade this burden, most money market ordinarily profitable h st will be ex- ceedingly heavy during the approach- ing autumn and winter months. The larger volume of trade and the high level of values combined will put a much heavier Joad upon the banks than cver befo ‘Other Pressing Demands, Another financial problem of great importance is the granting of foreign credits, which are absolutcly impera- export trade. Government aid in this direc- tion has been about exhzusted, but lo- cal bankers arc carefully devising will probab'y be announced. Foreign exchange was strengthened constderably by hope that some stabil- ization would soon be established. The | restoration of Europe and the future of our foreign trade must largely de- | pend upon some stch successful action and it is fortunate that the problem is to be left to private initiative rather than {o government entcrprise. I7i- nally there are the iequirements of home business, which are last, but not least. Home enterprise has been de- ferred for several years, and there a hecavy accumulation of new veniures as demonstrated by the number of new capital ues. In the United States these amounted to §1,182,892 000 from January 1 to July 2 against §689,422,000 at {he same time last year. In Great Britain the new commitme revorted were about $360,000,000, compared with 5,000, - 000 in 1917, for the first six months of the calendar ycar. Revival of home enterprise alone will require enormous sums of money, specially for railroad, shipbuilding and structural work. The principal cities report $320,00,000 of | building permits for the first five months of this year, compared with $200,000,000 a year ago. The United States is also building aboui 75 per cent. of the new ship tonnage under construction. Ordinarily business re- quirements are somewhat elastic, but no less insistent than those above mentioned. This year they will sur- P all reccrds when full demands as- sert themseves. It quite evident | therefore that the home money market is facing all the strain that it will he able to-bear; and that, while the banking situation is sound, the limita- tions of credit must be kept under ! constant consideration, if forced li- quidation and unpleasant conse- quences are to 1 erted. Good Autumn Trade Expected. While it is well to keep these warn- ing mind, it is equally neces: hold one’s balance and not lose sight of the brighter side of | affairs. The business outlook un- questionably good, and the country assured of least a year of great prosperity, which no one can calculate these uncertain times. Peace and hope have taken the place in the public mind of war and despair The whole world has shifted its point of the unrest which marks the change being an accom- paniment of the new forward move- ment. At home the backbone of our sperity is the farmer, who favored of high prices and is enjoying the of than ever in his history not much at present even small. The result is that accumulating in country | to he redeposited in the cities, ve to relieve strain that more acute. The however, be of comforts thua stiin- an unusual shortly is signals in iy Lo is is at beyond in view; very a combination abundance use more money The farmer and e are in- hor- an his is of vestor, rowing: funds bhanks, where they s otherwise would be gricultural districts will much heavier purchaser: and luxuries than usual, ulating interior trade in degree. Pinancial Conditions. Stock exchange activity continued upon a liberal scale. Some specialtics such as the steel, oil and leather issues started on a fresh advance following previous liquidation. The potential buying power in this market is still very large, yet discrimination in pur whether for investment or speculative purposes, is more and more necessary. Above, the limita- tions of the market require conservative —operations, and such | advice if not heeded threaten: bring the, upward movement to abrupt termination of the dustrial speciaities enjoyed very marked based upon actual and not anticipated prosperity Our Foreign Investments, Government honds foreizn, show little can and Britgh failed to advance ment of peace. ably due to their huge mass, and the fact that neither country has i ases, money to { an Some have in- advances, domestic change, Ameri- issues alike having with the establish This failure prob- to lec 'per retirement "demana also that sub materially reduced expenses; local financial institutions which seribed to help the government steadily reducing their holding distribution investors, An the frequent foreign at number of neutral tries and a few of the Delligerents have put out loans varying from 25,000,000 to $50,000,000 which were taken with are by imong in- teresting feature fers of new center. A of- this coun- | is issue surprising HENRY CL REALTY BUSINESS promptness WS, GONTINUES BOOMING 48 Transfers Recorded During Past Seven Days Realty to boom the business continues and following 43 transfers were recorded during the week Andrew 12, Bengston to Andrew Schick, landand buildings on Stanley street Benjamin Goldberg to William Me- Grath, land and buildings on Hart and Griswold streets Signore B. A’lano land and buildings on Wilcox I2quitable Realty Co. to lflicio land on Belmont street. santi, street An- to Possi selmo, Bodwell 'd Co. to Bruno C. Am- mon et ux., land on Foxon place. A. Andersan to Isllen lace, land and buildings on Ash street Adolph I Salzer to George Hana- man, land on Wolcott street Bodwell Land Co. to O Lindahl, land on Wellington str Edward Dunn to Albert A. Green- | burg, land and buildings iast street William L. land on IFirst George Hamilla Tweek el Jand Washi ton strect Jan Maj et al 1d street Domenico Defazio to Simon Lipman, ct al., land and buildings on Oak street. Charles Gehring to Henry land and buildings on avenue. Bdward Kilhourne to Moore, land and buildings land terrace and Park drive. Earl T. Hackney to Stanley ski et al., land and buildings Myer Dunn ¢t al., to Michael Gins- burg, land and buildings on Seymour street. Israel Honeyman to Nino Deyi, al, land and buildings on Ouk street Barnett Hoberman to John Metro et land and buildin, West street Richard Caridan et al., Golen et al, land and buildings Jerome avenue. Albert A. Greenherg to Reazin Gul- cna, land nd buildings, East street Abraham Wolfl to H. Haroian, land and buildings, North street on Hatch ta ling streef. ald Steen, ot and al., huilding: to Jan Czyhier, land . ¢, Hill, Henry B. on INgh- . Boraw- et al to on | Max Motor wal- | i HNEael | Nev INYNH&H | Rep I Farmington | Liberale | David Gittlin to Barnard Miller, land and buildings, Hartford avenue. Gennaro Palmieri to Vincenzo Cat- taluno, land and buildings, $ street Gennaro Palmieri to Jo: al, land and buildir street Anstruther D, Clifford W. Clifford, land and Harvison street Matthew ckonis, land street Richard H. Erwin to Be Fein- old, Tand and buildings, Dewey street George B. Norton te Jane T. Vivian, land and buildings, \Walnut Hill park Realty & Building to City of Rritain, Shuttie Meadow avenue, | Lyons and Cambridge streets Miller David S0-88 IHartford John M Seymour to Margaret buildin Sokoleh to Joseph buildings, Petch- and Rhodes Co. New Barney Git ind buildings, Edgar . Linn to land, Overlook Charles K. Callins, Schultz, and to n, land avenne Kulpen, Jr et building Albert land Sast street Amelia Yaps to ind al., Oak ot Prospero Franklin, land Dudley streets I2st. Amelia and Henry to Vinei et al, Jand, Oak street Andrew 2. Oliver to FFrances M. ct al, land, Hart street Luciano st Oliver ph Orzel et | | Stanley 1. Dayton Humphrey, Tr. to Theo, M inley et al., land and building Monroe street Salvatore Squillan et al., to Eugenio Pucci et al, land and Oalk and Daly stre | FFilomena Pepe to John inte land and rk street ney huildings, Pepe et building al., on Reraldi to IFortunate Matula, and buildings, Dwight court B. Moore et al M. 1. Jester, hd buildings, rrison streef H. lirwin to Dickerman land and buildings, West Pearl land H and R ot al street. to Financial e (g WALL STREET STOCK | EXCHANGE REPORTS | Wall Street— conditions market vpical previiled today, mid-summer in the the short session stock being given over to pools traders. ran ripments and food s of and professional Dealings were moderate and mainly to md cop- the motors, oils, sto tobaceo, had with several of t Shipping, shares also activity spec perioc obscure ialties hut rails were in Irregular reaction the first hour were overcome later steel The for ( being the su tain feature. closing Sales approximated o= S b York Stock Exchange quota- tions furnished by Richter & Co. members of the New York stock New Exchange: June 1919. Closc 1097 120 60 Low 109 High Am Agri Chem ..1097 Am Car & Idy 120 118 1% Am 59 91 87 86 13 138 Am Tobuacco 263 252 Am Tel & Tel ...1043 104 Anaconda Cop 76 7 AT S Fe Ry 100 Baldwin Loco ....116 B & O R D Beth steel Rutte Superior ‘an ‘en ‘hes *hino Cop ‘hi Mil & ol F & Am Am Am Loco Smelt ar Co Pac Leather & Ohio Steel Sec pid Rub ptd Ore Cetf fentral Inspiration Copper Lack Steel gh Valley Louis & Nash “rucible stiller, ¢ 1st o0drich Greal Nor Gt Nor Hinois « « « « « « Cons Gas « D (D) Kennee Lel com Mex Petroleum Hudson Northern Penn R Pressed Ray Reading & uthern Southern udebaker il Pac Pac eel Car Cons S com Pac Ry Texas Union Utah Copper S Rubber Co ... prd ar Chem Westinghouse Willys Overland LOCAL EXCHANGE PRICES QUOTED (Richter & Co.) The local market has heen strong 1nd active today. Stanley Works sold as high as 114, and closed at 112 hid, 114 asked. New Britain Machine closed at 65 bid, 67 asked Bid Asked Hartford New American A Am Am Silver (par Bill & Spen Bristol Light Ing Tel Co. Brass (n Hardware Hosiery (par 2 (pa Colts Arms Co (par tagle Lock Co (par Int Silver pfd L I’ & Clark (pa Nat Mar Lp (par N B Mach (pae 2 N-B-Pond com N & J Mfg Co (par P S & Wilcox (par Russell Mfg Co Seovill i ndard Screw com R & L Co Stanley Warks (par 112 Tor Co com (par 2 61 & Hine (par 5 Mfg (pa 108 Cooley 110 Brass 400 .380 100 Union Hart & Iafnir Co Bearing BAN ON HUN PRODUC Washing tion policy on d war trade b peraittin July 26.—Pendii ress toward a per estuffs importation ard will not iss traflic in German products. Disposition of accumulated (ierman d21lt with in the pe: through the reparation com- on, by con nent storks treaty, mitree was We Can Assist You May We ? It is the policy of this bank to lend aid to those industries of this community which need financial assistance whenever they show that by reason of good management and good prospect they are entitled to assistance. We of the have had the satisfaction eing our husiness grow custome through as result of our growth, and their loyalty much other profitable business has come to us. We'd this to like to demonstrate you. The Commercial Trust Co. NEW BRITATN, CONN, ) TRUST CO.{ 600,000 | the | 1o licenses | 31 West Main St., New Britain, Conn. Tel. 2040 50 Fafnir Bearing to Yield 2.22% 50 Landers, Frary & Clark to Yield4.16% 50 Stanley Works to Yield 4.40:% 50 American Hardware to Yield 4.70 % 50 North & Judd Mfg. Co.toYield 6.20% JUDD & CO. Rooms 309-310 National Bank Bldg. Tel. 5. W. T. SLOPER. Mgr. LOCAL STOCKS BOUGHT AND SOLD GOODWIN BEACH & CO. Room 410 National Bank Bulldng. Telephone %130, T. FRANK LEE, Manager Landers, Frary & Clark Stock Bought and Sold R I T N AR ORETRRY S DOES YOUR HOUSE NEED TO BE WIRED? If that new house you just purchased needs wir- ing or repairs of any kind in the electrical line con- T. W. HINCHLIFFE Electrical Engineer and Centractor EJectrical Supplies. New Britain, Ct. | sult us. 13 Franklin Square Tel. 505-2. Heating Is Your House Heater Ready for Next Winter? All Kinds of Heating Work A. A. MILLS 80 WEST MAIN STREET Hot Water Hot Air Telephone 381 Steam Connecticut Trust and Safe Deposit Co. A STRONG, RELIABLE CORPORATION organized and qualified through years of efficient, trustworthy service, to act as Conservator, Guardian, Erecutor or Admiristrator. Capital $750,000. Surplus and Profits $1,000,000 Connecticut Trust and Safe Deposit Co. HARTFORD, CONN. M. H. WHAPLES, Pres