New Britain Herald Newspaper, August 23, 1919, Page 8

! REALTY TRANSFERS FILED THIS WEEK 30 Warranty Deeds Recorded at City Clerk’s Office During the week were recorded at as follows: Wilfred T. Erlia and wife, Brighton street Bodwell Laad Sheehan, land on Frank H. Alford well Realy Jerome strect The lkquitable En D' Amato, et. A Quis l'n‘;n.l:\‘t [ pana “qQthe d a ¢ Rockwyll avenue, Peter Rakowski t land and buildings ¢ Nathan Greenblat Myer Dunn and buildings on llast Johann Deutscl Tracano and wife, on Chapman street. Abraham Zevin t berg, laMd and street. The Title, Realty to Peter Eshoo, Connecticut avenue. Hart & Cooley, Bearing company, tpbert Mautner and wife,“land and Lust street, Howard A. linger, land and street, Abraham Gorbact Meskill, land and ,Decticut avenue. Dr. Henry T. Rocco Patano land and building land and building Erastus S. ker and others, Wooster street. Anna A. Reilly land and street John te Janc W. A'len to &atthew Sokolik and others, Company, at 35 realty the city el Yeaman land and buildings vn and Realty land to nd o m toar o h to company Euclid avenue. wi inc., o Jos bu John Broad street. v others, Main street. and wife to Camillo land and buildings Mic buildings on Inc., to the land and to Louis Dymniecki buildinigs on > buildings on Thomas transfe erk’s office Lawrence te John J. fe to land Bod mpany to n Jerome eph Urban ildings on Krawiqez, others land and Gins- Glen hael & Development Co. land and buildings on Falnir Burnett to Margaret buildings on Stanley J Con- Bray to Rocco Patano, » Angela Patano, 1 P to Barnit buildings on - \ at Glendale. Glendale. Hart to William H. and buildings on Wal- Hoberman, Connerton gnes and land and buildings on Whitman street Estate of" Ernest 1. Dolmanitsch Matthew Sokolik and other buildings on Whitm, Estate of Joseph sokolik and other Whitman street Estate of Mary Deming, land and ,tage place. Rachaelina en, land and street. Joseph Battagio naro, land on Gladys M. on build Weiner an stre Ibitz t tc ings to Bresch t buildings e on Paolo Pinehurst avenue. Andrews to S land and buildings on Jac others to Nathan Myer Dunn reenbla ings on David mar and others, Roberts street. Maria lik and others, Whitman.street. Hattie 1. Bunnel Swift, land and Main street Orlando E. Swift ain Institute, land West Main street. Guiseppi Battagli George LaRocque, on TLawlor street. Michael Daunis t win, land and steeet. Lilla singer, Sstreet Joseph company, streets and Stanley stre. A. Sweet t land and Bayor land on t and others, s, ot 1 to Orlando buildings to the New and a a o Fitchman to Charles -J Ihitz Lang to Matthew bu na land and Richard buildings on Tho buildings on Smalley Kelsey a Joseph Smith and athers Woitowitz, street. land to \ land and t. Matthew . land and buildings o Linus L. on Cot- ussie Max- Dwight Bondo- nti son Rossi, strect. land and build- | | sorely Sko- on Brit- ildings on others to buildin H. Er- Lincoln mas Taich- to the Gentrs nd Bdward to John and buildings on West H enry Clews’ Weekly Leiter ; ( ( ¢ New York, struction period are now passing other nations than was the war to new levels and to new standards a cesses of necessarily accompa inconvenience and Poth cconomic both economic Aug. in is it ar an far 23.- self. are nied hd a through company more disturbing b phy he recon- which we with limbing up adapting ourselves usually nful character, with friction. psy pro- and are much This ha chologic cholog economic because the industrial prob- lem is largely mand; and reason that terrible Is irrit Under nAtural one the pub ble such for and ve conditic human vears of sor of supply psychological mind after lic row ery ms an un it is nature ingo all sorts of extremes, be the must For are mainly only onec cure, George candidly fmprove matters production.” troubles, they are mbnormal state of t 50 we must keep ¢ best of things v awakens from the shorter hours and bined whole world fipng; by and it an@ return to sober gpnditions. Doubtle; néw normal and accepted economic those o and saic u are is by ups As for indefinite’ with difficulties. f supply, t is, tha fc 1. “We ntil he ool intil hallucination higher wages com- possible. 1y et a W put and t nd d the five a suffering reasonable. perfectly to react and these wt ANCe which there as Lloyd shall never e incre and for is the psychalogical chiefly to the mind; ke the public that due lic n he The having its to | buildings. | Lo- | fthe Soko- | land and buildings on | | ter | [ | | k | | tiions, for, when employes strike, | f | | land and buildings on | | s West | | American ill quiet down | more normal | and there will level; new while unrest promis to he a and continue 1 l [1lessened the purchasing on | L questions there is pessi- th future, in said, time into the for indulging As just reconstruction is proving than the war itself; | great and encour= | reconstrucdon | but is 1ell.”” hope, the scond into despair. pffect of some no reason mistic forebodings. period of more disturbing vet there compensation is one means war The first justifies plunges the world Cause and Futurve Present Low Value of the Doll The high cost of living, the nece of help {0 provide food for the | rest of the world, the big wages paid to all who were engaged in manu- facturing goods and munitions dur- ing ghe war, the scarcity of unskilled Jaborers due to so many of that class! returning to their home countries in | Turope since the war ended and the demands of railroad employe me- | chanies and skilled labor of all kinds | for higher have naturally power of the ' lessened | n progress, the | sity wages, more dollar; and has still the purchasing powet money. Workmen of all degr demanding that railroad and indus trial corporations give them mnot only higher pay but a of the profits | and a voice in management. This problem is a most difficult onc to will require g wisdom or its settlement. Today the United | states is the money and supply cen- of the world and it will be for a long time to come owing to the hil-| lions of moncy we have advanced to other nations The outcome is diffi- cult to even guess at as there no precedent in history with which to base a comparison. The best way for employes to gain an interest in the profits of the railroads with which they are connected, which they are now seeking to obtain, is to adopt the same system that the United States Steel Corporation has for its em- ployes, that is, to make a purchase of curities of the arious proper- with which they are identified. Then they become vital partne That is the only way I can conceive of that will enable them to achieve their ambition, and it is a perfectly feasible and legitimate way he quickest and most ecffective w to put an cnd to the present strikes is for congress to apply the provision of the Sherman anti-trust law in rela- tion to the formation of combina-' the) of were supe forei s ar solve and at ies certainly operate in restraint trade. If the power to strike taken from labor and it was boards of arbitration, all bhetween capital and labor could he amicably settled without reating the unscttled conditions that now prevail. seded | The Fall The exchange more and more in Exchange, | situation difficult; is growing and rates pressure of com- | mercial bills, epecially arain and cot- ton. Sterling has fallen over 14 per cent; francs, 35 cent; lire, 44 per cent, and marks nearly 80 per cent. Our export trade is already feeling deadening effect of this zreat impairment of buying power; and unless some effective form of relief is found, serious injury will follow to trade and shipping. 1t Tiurope not soon obtain the! needed credit, reconstruction abroad will be halted and turned into | industrial and political cahos the ill offects of which would be serious l felt over here Liltle progreess seem to have been made at Washington with the Idge bill, which permits the formation of American corporations to finance trade But the Bankers' association is en- deavoring to awaken public opinion to action upon this problem, which is vital to our foreign trade well to ISuropean reconstruction, upon which our continued prosperity large- 1y depends. One prominent foreign financial authority has suggested the formation of a co-operative interna- tional pool for the support of interna- tional credit. His plan is for a loan of )00.000,000 issued to investors in all parts of the world and guaran- teed by all the interested govern- ments. It is proposed that the United States rantee £1,000,000,000, Great Britain £1,000,000,000, IFrance £500,000,000, the remainder to be di- vided between Italy, Russia, Japan, Greece and several of the The rate of interest per cen net, the of taxation. The | merits, for it is would be backed by the of pragtically the civilized and would undoubtedly follow matter of self-intere and there is no doubt that the honds| would be quickly taken. The chief obstacle practical matter would be securing the necessatry interna- tional co-operation ing to the great per the our does foreign um, neutral powers. proposed to is 4 be fu has decided bhonds plan simple, weajth world as a as a Reversal in Foreign Trade. r returns for July remarkable. xports dropped | 70,000,000, or $350,000,000 be- i Imports | June, the record month i The ade wer to low rose foreign to § 100,000, the lar, on | record and 52,000,000 greater than a month ago reversal of the | trend in trade is in encou the abnormal ! of imposing a | serious burden of upon the | country. Of course, it not entirely | actory to sce our exports de- | and this shrinkage does not ! likely to continue in view of the Jarge demand for grain. cotton, per, oil, But the increase in ports”is most gratifying: for it im- that Iurope is getting upon its once now has good nd in purchases here This means point towards more h thy and, if the recovery aid materially in solving of international credit. est This our foreign zing; for was credit reality excess expor is satis cline, seem cop- im- | plies feet to more, and return for a turning trade relations; continues it should the problem Financial and Commercial Outlook. | In stock market values there has | neen a further shrinkage, which couald only b2 expected under the pressur 0 many unfavorahle factors are the general unrest, labor situation, the un- of the railroads, A of Among these the uncertain satisfactory status i time have declined to new low records ow- ‘\2 I Gneihls { Inspirati ! Mex |n(; limitations thé regrettable the of fall exchange, the mone m ket, il ratifyving the peace treaty, iud the Mexican outlool. It would seem i these drawbacks had heen ufliciently discounted by the heavy fall of the last six wegks, and t the attractive prices at’,which many good securities are offeyed would in- vite good investment Juying. It premature, however, o assume that the turn has been reached, when un- certaintie: 1ire SO numerous, As i et the market is quite as show sudden changes for bet- ter or werse, as it is to settle down into comparative inaction. And yet, in view of the present low level of prices, there is really no reason for discouragement. General — business will proi:aby continuc choked off by unrcasoning demands. Labor leaders if they push too hard will surely injure their own cause nd bring on nation under wi they will be the chief losers. IT thay will exercise patience and for business to gradualiy itself to the new level. Profitec which is common to ali classes ing rapidly curbed by vigil government; and prevention, he remembered, will be if not unseen help in the futvre. The railroad outlook is not entirely dis- couraging Gespite the 1s' unsatis 1ctory physical and fire condi tions. Ta reality the situation is so bad that it must soon improve:; and whether the roads are rcturned to their owrers or taken over by the government, something will have fo he donz to compensate for the injur- ies inflicted upon the reads hy the war. It would also seem that the public ntility crisis has reached the point where the public in its own in- terest must see that they have fair 1lay, due pretection and placed upon a self-supporting in order to blish them in a position that Wwill fit them for prhlic service and at- fract needed capital. Activity in the building trade is hecoming more and more vronounced: the only cheek to its further developn-ent Leing the high prices of raw material and ihe extra- ordinary wages obtained Lbor. Western trude is active, and interior department stores report good busi- ness at all the large cities. IFarme are more presperous thin for many vears. Lahor well employed, and despite the high cost of living a large proportion of wage earners hav more money and more comforts than cver before. It should not he forgot- ten that this nation has Pcen injured Tess and rerefited more by the war than any other nation in the worid. F 1nanc1al \.vs [ N WALL STREET ST[]BK EXCHANGE REPORTS Wall Snm!_ 1030 ¢ from further modcrate a few specialties, of tha stock n delay as active, unicss wise allow tjust hce of the it should an important reial he basis ) W e e a. m Apart heaviness of today’s short session market opened with i resumption of the upward movement. uipments, shibpings, oils and to- baccos were especially favored at ini- tial advances of 1 {o 2 points. Motors and kindred issues also reflected a continuance the recent demand and food were featured the str h of Corn Products. pe: nd allicd metals added tionally o yesterday's gains. bie Steel rose 2 points but U. S made only a nominal advance. Wall street.—Unusual dullness marked the week-end session on the stock exchange, but the movement, excepting among rails, which wero apathetic, was mainly on the construec- | tive Motors and their ties monopolized speculative at gains of 2 (o 13 point pings and tobaccos wer other conspicuous featur of 1 to 5 points ments, metals and unclassified shares rose 1 to 3 points. Among steel Crucible was 2 points higher, U Steel gaining only a fraction. The r was assisted by further improvement in sterling exchange. The closin approximated of shares ng Cop- fr Cruc Steel de. special- attention Oils, ship- mong the at ad- vance and equip- was strong. Sales ,000 shores, New York Stock Exchange quota- tions furnished bv Richter & Co., members of t WNew York stock Exchange: Aug. 23, High 1019 Low Close Alaska Am Car Am Can Am | Am Smelt Am Sagar Am Tobacco Am T Anaconda ANTS e Ry Baldwin Loco Gola & Fc Cop) Butte Superior Can: Puc Cen Leath Ches & Ohio Chino Cop ... . Chi M}l & St Paul Col I % I Cons (ia Gen e - toodri Gt Noy Rub Ore Cetls Interior Kansas City Copper Motor Peiroleum National Lead N Y (' & Hudson Nev Cons S0 Kennee Max com ! by | i B | NYNH&HR Ohio Cities ¢ Pac Mail S § Penn R It People’s ¢ Ray Cor Reading . i Rep I & S com ... 11 Southern Pac Southern Ry Studebaker Texas 0Oil Union Pac Utah Copper U S Rubber ¢ |LOCAL EXCHANGE PRICES QUOTED (By Richter & wtford islect New 12 Ainerican Am liosic Hard Silver Spen ric Light n i (par Am are Am S Bill 120 Bristol Brass (par Colt’s Arms Co (par lagle Lock (o (p Int Silver pra & C (par Lp (par Pond com. (& T Mfg Co (par P S & Wilcox (par 2 Russell Mfg Co, Scovill Mfg Co. .. wdard Serew S R & T. (o inley Wor Tor Co com (par 25 Traut & Hine (par nion Mfg Co (pa t & Cooley nir ¥ (pa o 11914 U S Steel 101 Vi Car Chem Westinghouse Willys Overland 48 100 AUSTRALIN WANTS CANDY. Sydney have a year been Australians restric are long tions lifted on candy For importation of chocolates hz under the ban and the vearly cost of imported chocolates had been $1,000,000. Native don't satisfy the natives. to com goods : (pa SIX MILLION zue.~—There about feet in Czecho-Slovakia National 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 SHOV LSS, P bare are 6,000,000 today Is Your House Heater Ready for Next Wmier" A. A. MILLS 80 WEST MAIN STREET Hot Water Hot Air Telephone 381 team Why not sew the easy way, save yourself, your time and energy as much as you can? The Western Elecrfric Automatic Portable Sewing Machine Saves! It is especially convenient if you wish to remodel garmen for it is a single thread machine; its sewing is easy See how this saves time? It is electric—you do not have to pedal It is portable—no larger than a traveling bag and as easily carried. You can put it away on a closet shelf when you are finished. It is economical—costs little to buy and little to run economy of your time and strength is vital. The SPRING & BUCKLEY Elec. Co. 75-77-79 CHURCH ST. TEL. 900 to ravel Its RICHTER & CO. Members New York Stock Exchange 31 WEST MAIN ST. NEW BRITAIN, CONN. HARTIFORD, CONN.,—6 ENTRAL RO W WATERBURY, CONN. 21 - STEELX BUILDING SPRINGFLELD, MASS.— THIRD NATIONAL BUILDING A Way to Increase Your Income We recommend that consider the following list of Pre- ferred Stocks for These Preferred Stocks are amply handsoine rate of int you investment. secured as to principal and rest on your money. If you will go over your investment holdings you will prob- find several which do not yield as high as 7% upon the pres- ent market value. like to discuss with you ides will return a ver ably We would the advisability of making of increasing your income upon request. some exchanges with the We will send you circula RICHTER & CO. Austin Nichols & Co., Inc. Cumulative Preferred Stock $98 per share and accrued dividend, to net about 7.14% Manhasset Mfg. Co. 7% Cumulative Preferred Stock $97 per share and accrued dividend, to net about 7.22% National Aniline & Chemical Co. 7% Cumulative Preferred Stock $89 per share and accrued dividend, to net about 7.86% Quaker Oats Company Cumulative Preferred Stock $99 per share and accrued dividend to net about 6.06% The Steel and Tube Company of America Cumulative Preferred Stock $98 per share and accrued dividend, to net about 7.14% Nebraska Power Company 7% Cumulative Preferred Stock $97 per share and accrued dividend, to net about 7.22% New York Canners, Inc, 7% Cumulative First Preferred Stock $97 per share and accrued dividend, to net about 7.22% 7% 6% % JUDD & CO. Rooms 309-310 National Bank Bldg. Tel. 45, W. T. SLOPER. Mgr. LOCAL STOCKS BOUGHT AND SOLD GOODWIN BEACH & CO. Room 410 National Bank Bui lding. Telephone $1320. T. FRANK LEE, Manager We will buy 50 shares of Landers, Frary & Clark stock. 1 mmauTcn“ (I THE. HARMRE CITY THE PART THAT COUNTS The part you save is the part that counts—it is not so much the amount earned as it is the sum in reserve. Save a part of each earned dollar and place it to your credit regularly with the Commercial Trust Company. 49, Interest Paid on Savings Accounts. Connecticut Trust and Safe Deposit Co. A STRONG, RELIABLE CORPORATION i organized and qualified through years of efficient, trustworthy service, to act as Conservator, Guardian, Evecutor or Admm strator. Capital $750,000. Surplus and Profits $1,000,000 Connecticut Trust and Safe Deposit Co. HARTFORD, CONN. M. H. WHAPLE