New Britain Herald Newspaper, August 2, 1919, Page 11

A S MARKET AND REAL ESTATE REVIEW Henry Clews’ g Weekly Letter; P monetary limitations it push the advance further at (his time. While the technical position of the market has been somewhat im- proved by the liquidation, still there is as yet no real foundation for re- suming the rise. Activit country was unsafe to § b in Business, The is st just entering the period of zreat business activity; the harvest has begun in carnest, {and funds will be in demand for mov- ing the grain, fruit and cotton crop during the next three months at least. This harvest will prove an 1y profitable one for the agri- 11 districts in spite of yield fall- somewhat below early expecta- Western merchfants and Bast- manufacturers alike will feel the stimulus in larger de- all nccessitics and many It must be remembered en- reviving; many new ven- starting; old concerns are improving their plant; office buildir re being (Special to Herald.) New York, Aug. The caution- @ry attitude assumed in these advices *for the past thre has been Jamply justified by recent events. Val- ges have been considerably unsettled LAand fell several points. Rumors that the Federal Reserve bank would take fsteps. toward restricting speculation f@ided the decline; fear of such ac- tion having quite as much effect as the actuality would probablly have |e done. As a speculative ardor | consequent on the bull side was materially 1 mand sened, and liquidation on a larger {Juy geale than for several weeks followed. [ terprise is Mhere was really no change in the | tures are general situation to cause the decline, | enlar, pXcept th of rigid weeks unus cultu ing { tions. n result a fou ing o Hee such houses and hy, it will almost go in my knitting bag! Wouldn't this help you do more ée&ing and easier? A machine so small you can carry it with you wherever you wish to sew, and one you don’t even have to pedal. The Western Electric Rotary Portable Sewing Machine ELECTRIC: Electricity does the hard work—a cent’s worth of electricity runs it three hours. PORTABLE: Easy to‘sew with, easy to carry, easy to put away. HIGH GRADE: Modern, full sized, simply without the old cumbersome cabinet work. This rotary machine does unusually beautiful sewing. ECONOMICAL: It saves you, saves your time, helps you do more sewing with less effort, and costs less than most well known makes of pedal power machines. YOU’LL .LIKE IT ¢ | The Spring & Buckley Elec. Co. 75-79 CHURCH ST. TEL. 900 Is Your House Heater Ready for Next Winter? f All Kinds of Heating Work Hot Water Hot Air ' Steam . Telephone 381 ational ‘Mazda Lamps | ALL SIZES If in need of new or extra globes for your house let us supply them. A complete line—all sizes—al- ways in stock. {A. G. HAWKER | ELM STREET ernment control and su ing almost the sec- world (a appre- started on a overnight we ond maritime power fact far from being properly ciated); our export trade has scarce- ly had time to shift from a war basis o a peace basis before it finds itselt taxed to meet oncoming orders for both domestic and foreign trade. De- mands for shipbuilding. automobiles, construction, cngineering and export trade are already taking 80 per cent of the steel output, and will soon require more. As yet the railroads have not purchased supplies with any freedom and their demands for rolling stock and other equipment will prove enormous owing to the urgent need of replenishing after prolonged war strain, also a period of enforced de- preciation and starved improvements. Should the status of the railroads be fully restored to carnings, ca- pacity and credit a great development may be looked for in this important industry, which owing to unwise leg- islation and harsh control has made little or no progress in a_decade. The railroad system of the United States was probably never so far behind in public efliciency as at present: and for this condition the country has 1o thank unintelligent and unjust rep- resentatives who preferred catering to public prejudice rather than pub- lic convenience. g © Renewed weakness change impressed the munity with the necessity action toward financing our export trade. The demand for American products is pressing from all parts of the world. Shipments of food and raw materials are upon an enormous and increasing scale. Imports crease very slowly, and our taking of foreign securitics in the shape of overnment are totally inade- quate to affect the balance. If we are to sell our surplus and do our toward the rchabilitation of IZurope. credit must be given on a large It is estimated that within the next months we shall have to allow credits of at least $1,000.000,000 to Kuropean huyers. 'Now that the war is cnded, private and not government agencies should provide relief. eral important loans have been to foreign countries, and more follow. This week the Irench gov- ernment announced the contempla issue of ,000,000 Treasury notes with a maximum weekly maturity of $3,000,000 for the purpose of han- dling its 60- or 90-day hills on the same line as the Rritish Tre: This plan should afford some rel and, if so, the same means could adopted by other governments. Railroad Outlook. growing have scale; become in the Giv edit to Kurope. in forcign ex- financial com for promp in- sues bit scale. n be Transactions in railroad shares con- tinue upon a limited scale, mainly becpuse of their stabilization by gov- ntee, This of inertia. howeve nnot . indefinitelv. Before the end of the current year the roads will probably bhe returned to their owners in ac- cordance with the pledge made by President 'Wilson when taken over by the sovernment. This means sgreaf changes in conditions under the roads will operate in future. They will no longer be under unit control Some of the operating innovations in- troduced by the government will re- main, but many will not. The public is disappointed with government man agement, which “doubled cha ved the sery so the Fovernment own hip at ebb than for many vears. Under gov- ernment control some roads gained and lost by changed methods nd operation. To a large the former methods will under private management. the roads be allowed {o ad- vance rates sufficiently’ to compen- sate for increased costs is not yet determined, but something will have state extent restored Whether { to be done to take the place of gov ernment guarantee in order to return the roads in as good condition as when taken over. Important new railvoad legislation is, therefore, in prospect. Government E Seeretary € statement e that should be kept in mind. Cov- ernment expenses have declined to a marked extent, amounting in June to only §809,000,000, compared with 060,000,000 in December. Tt mated also that oxpenses will be 000,000,000 less than in the fis year ending June, 1919, when the fig ures touched $18,500,000,000. This is a very substantial reduction in ex- penses, which should be cavried to a still further degree, since thay urc still running at over eight times the expense ratio before the war. Of course, the pre-war level will not ne seen again by the present generation, the advance in governmet salaries, (ne widening of government activitis, ihe maintenance of a la military tablishment and general expansion of the country, all meaning permanent- ly higher expens rtheless a further cut in taxation can and shonld be made. \n Unsettled Market. The general drift of the mar downward owing to unfavor ditions in call money, in foreizn cx- change and in the labor situation Month-end transactions caused a tem- porary flurry and call loans touched 18 per cent. That the money outlook is causing great concern (o the thorities is no secret, as warnings the federal reserve bhoard have be given out more than once. There no fear that money will not be in suf- ficient supply for business purpose during August at least, but the mov- ing of crops will cause heavy with- drawal of funds, and this is what {he banking people are looking forwaid to. The only reason why the market holds up well as it does after such a prolonged advance is that peopls with large means are not anxious to take their profits owing to the hizh federal taxation. If it were not for this unique feature the floating sup- ply of socks would of gourse be srcit- conomy. de ss an enconrag- ol wy conditions is is ble con- an- by n which | ly augmented. However, iz people are not heavy obvious they are not hnuye level. No doubt rallies wiil from time to time, but money supplies inc ase seem advisable to get rather than (o create The new curities were unusually heavy about § 0,000,000, $165,000,000 a yvear dends and interest distribut ust are figured at about $1 as against $165,700,000 Jast HENRY out to resh se issuc mo comp: ago scllers, he is while it rs at this take plie until the it would of debt liah od in unt wred The divi ed in Aus- 300,000, year. CLF J to with WEEKLY REALTY TRANSFERS, 49 Numerous Pieces of Property Have Changed Hands The records office for of the to the week show 4 transfers, as follows: John Wright to Ch Wright, land and building wood street Paulo Carrubba Croll, land and buildings or street Alexander J. IFreedell, land Suhttle Meadow John K and others. Derby street. 5 Samuel Waskowitz Joseph Totire, land Beaver street. Lillian H. L. land and buildi George B Smith, land and buildin IFerdinand Miller nenoto and othe on Oak street I.eon Stepnawicz Macicj and buildir A\ustin New Britain Real Hstate company to James T. Doyl Lake and Russell streets. samucl Alerhamson to | terman, land and buildings street and Olson to buil avenue. Joseph and bu and awicz land to and and bt to Lou Jub to Buser on Norton to Jai Jand an and others, street. Itochon on Wain to John huildings Thomas 1. land avenue New Britain Real Istate company to Fred Petruccel Clayton court fe W n, land street David Kennedy, Hartford and on ¢ Carlson to Hazc and huildings on and othe and Garston land avenue Geor B. Norton 1ith, land Hill Park. il M Mancheso, Ik bui to and buildings Purgatorio t nd and hui Aflantic avenue, Ilstate of John Kennedy Kennty and others, land an lcaver street. tate of Timothy land on C. Ro Printing company, Church street Mortimer H. Camp amuel Norris and buildings on Commonwealt Michael Naughton to N land and buildin Jones South to t land anc ey on and others lonska, street Possi Santi land and buildings Thomas I Bdward 0. Highway street. Daniel Sullivan Johnson and street to Angelo on Wil Raymond and Kilbourne, and othe M others, Greenwood Hart Real Marshall and othe ings on Hamilton Hlart buildings on land street. George I land and Joseph Peter to Louis Koncewicz Wichrowski, land on Horace street. Bodwell Land company t Wilcox, land on Hillerest & Max Kennedy to [Fortona and others, land and bu Cemetery lanc Mary Reed to land and Sidney gren on and ang Katherine buildings on Bea W wder to othe land street L. Damon to I Noble, land on West Main istate of Maurice Na Mary Yablonska, land on High street orge W, Wilcox, land Hill George Myra W Hattic and smalley orge Andrews and to buildings W. Sloper, M and Andrews land and Quapper Korenke others, land ings on Linwood street. William to Axel | land and buildings St street. William Thiede to land and avenue. Joseph land Geo land on (ex on Albert buildings on Bu Smykla huildings on to Joh Hig to Katarin: venue John and George Nyezysty. land o on Lawler cet Harry Kevorkeam Axelrod, land and and Maple streets. Bodwell Land Paonessa land Land company Connelly, land on Audt Bodwell Land company Connelly, land on Aud S STATION and he Vinecent Litwine: building company on ke Bodwell WIR Tampico, government ha here of o claimed, has ; of 2,000 milg Mexico Aug completed tion it s night wircless stat wife Main Estate company Lincoln August and and sending wn clerk’s 9 property A, on Green- arlotte to Louis n Fairview Hulda . dings on Milewski ildings on oth 1ildi Buser, street. L. lise ilec nes Gean- 1 buildix others to land and and Title e, land on Louis Put on Stanley J. Quilty, onnecticut and Title li, land on n B, Hin- Hamilton s Max on to ldings Grace T on Walnut o Saverio ldings on to Michael d building to Jennie street Adkins 1 building: he others to land and Ih avenue. Lary Yab- s on High De cox others land Conti, street. to on to Carl on s land to M. and | 28 uild- W. Young, treet. wife to 1 building o Louis B. avenue. to Rodrick ildings on Funneran, ver street. Soder- buildings {foward C. strect. ughton to buildings Kate on M. Grove ecutor) huildings. Adolph build- to o and 1. Edman, buth Main A. Rogala, teni Vista V man, cet. L Nyezysty wife 1 building Maurice on Park to Angelo houlevard Idward treet W. o to May COMPLITTED, the « ion which vadius BAREFOOT EUROFPE FORCES UP PRICES Retailers Arve Now Facing Almost Undreamed of Conditions As Price of of Mide Soars, Clixtract Pidgeon, Retail hotel, from Jr oc Rochester, speech of opening Dealer NLew) session Power 1t The gencral impression. not only on the part of the shoe-buying public [ on the the dealers the part shoe Wi o ihemselves that signing of the armistice would bring a drop in shoe prices, but this impression was Guickly moditied hy actualities and the retailers realized out of the war would operaie to forec during chief cause, scarcity of leather During the wa wis practically vich supply prodmets the that causes were for sometime still i operating to then and come prices they were The hostilitic! ¥s in the actual the the United only States country cattic food | Bu- | have | meet | as a result nd her shoc was able to develop to mect the demand I the countric hide-beuring its for of animals practically wiped out to demand for food and ope is bare-footed cturers and hide America and are market at prices and someti rope the 11l 1 manufs invaded the open is diflicult A1 general fucts buying in which i impossible to nes the erican public buyer mec was unaware of and was inclined b > that the retailers were profiteer- while as a fact the retailers werc having to stock shoes at prices hither unreached ather trend he cent leatt The to prices showing that the up d been from 35 to 60 that the present rates necessary 1o make the of would cost selling at $1 colored ward per jof the uppers $7 Colored and \ pair hoes foot square 1k $1. i and skins at RUSSIANS Tokio, SEEK MUNITIONS, \u Gen by all- to negotiate Romanovsky Admiral ussian been sent here Kol leader of the at chal, zav ernment Omsk with for munitions and for the Ru an army Althou h the Japanese government in the p; has been actively interest- cd in Colonel Semenoff, the Cossack leader at Chita, there is a disposition here naw to get into closer touch with the Kolchak government at Omsk on the ground tl it is a serious move- ment for the vification of Russia and the reconstruction of that trou- Dbled country the Japanese gen- eral supplies OUR PASTRONS NEVE PAVE To Wi, | FOR VS To REEP A PLUMBING DATE - - We keep our plumbing ap- pointments. We'll bhe there when said We'll we we would do the kind of work we promised to. Our plumbing will live up to your expectaions and you won't fecl cross with anybody when you get our bill E. P. BURNS PLUMBING 11 MAIN STREET. We Can Assist You May We ? It is the policy of this bank to lend to those industries of this community which need financial assistance whenever they show that by reason of good management and good prospects they are entitled to assistance aid We ceing have had the satisfaction of the our busin of 3 grow customers through their other profitable has come to us. result growth, and loyalty muck busine; We'd to like to demonstrate this you. The Commercial Trust Co. NFEW BRITAIN, CONN. William | | | | | arising | o dealers have | § {RICHTER & CO. Members New York Stock Exchange 31 West Maia St., New Britain, Conn. Tel. 2040 U.S.Liberty Bonds Bought and Sold JU DI & Rooms 309-310 National Bank Bldg. W. T. SLOPER. Mgr. LOCAL STOCKS BOUGHT AND SOLD CO. 5. GOODWIN BEACH & CO. Room 410 National Bank Bullding, Telephone %130, T. FRANK LEE, Manager Landers, Frary & Clark Stock Bought and Sold 249 DIVIDENDS PAID The comparison of stock prices and dividends of similar companies shown below indicates the attrac- tive investment possibilities of North & Judd Manu- facturing Company, which is capitalized at $1,500,000: | DIVI- | DEND 20 24 PAR ! PRICE 113 112 tanley Works Union Manufacturing Co. 25 North & Judd Manufac- 2 96 24 Descriptive Circular On Request WE WILL BUY American Hardware Stanley Works North & Judd New Britain Machine FRISBIE & COMPANY Hartford Stock Fxchange T NEW BRITAIN, CONN Waterbury ANNOUNCEMENT J. Lee Nicholson and Company Certified Public Accountants and Industrial Engineers New York — Chicago Washington Announces the Opening of a Branch Office at Hartford, Connecticut Aetna Bank Building. Specializing in Cost Accounting, Income Tax Work, Auditing, General Accounting and Industrial Engi- neering. Members 269 MAIN STRE Hartford Frederic W. Kilduff Asst. Manager Henry Hufnagel Manager TR R D T TR SN0 T E SR eSS Y. Connecticut Trust and Safe Deposit Co. A STRONG, RELIABLE CORPORATION organized and qualified through years of efficient, trustworthy service, to act as Conservator, (Guardian, Eyvecutor or Admiristrator. Capital $750,000. Surplus and Profits $1,000,000 Connecticut Trust and Safe Deposit Co. HARTFORD, CONN. M. . WHAPLES, Pres't.