New Britain Herald Newspaper, September 13, 1919, Page 9

NEW BRITAIN DAILY JAERALD, August Bergstrom, 47 Trinity St. A. D. Clifford, 61 Columbia St. - | Build Now— F. H. Dohrenwend, 139 Lincoln St. N. H. Minor, Berlin. ° You Will Never Build Cheaper Leavitt & Hayes, Court St. Henry J. Foiren, Kensington. Because the Natural Tendency Conrad Cianci, 338 East Main St. f Pasquale Salata, 216 Qak St. | s Toward Higher Prices Santi Puzzo, 45 Belden St. Mario Cianci, 728 Stanley St. The Demand Is Greater : Emil Bengston, 25 Roberts St. W. H. Allen Co., Hungerford Court. | Than the Supply. . F. Nelson, 280 Corbin Ave. \ John Downes, 28 Monroe St.. | Scarcity of Lahor Has A. M. Rutherford, Inc., 196 Cherry St. Angelo Berti, 142 Oak St. Curtailed the Output. New Britain Lumber & Coal Co. Rogers Sash & Door Co. Irving Fisher, probably the country’s first. autho y on the subject of prices, say Go ahead on the new price Tevel. Business men should face the facts, o talk reverent- Iy of 1913-11 prices is to speak a' dead language today. The buyers of the country, since the | armistice, have made an unex- ampled attack upon prices through their waiting attituc and yet price recessions have been insignificant, The reason is that we on a new high- price level, which will be found | a stubborn reality. Business men are going to find out that the clever man is not the man who waits, but the one who finds out the new price facts, and acts accordingly. Many owners who desire to build are hesitating on account of cost or inability to secure sufiicient loans from financial institutions. all building worK see no re branches of for reduction Contractors in son an- ticipating any considerable in costs for Natural veral years. products, such as lumber of all kinds, all the world, and growth does not keep pace with are in great demand over demand. Manufactured muter- jals. such as ivon, steel, cement, brick, etc., cannot be produced at lower the etc., rates while labor, which is chief productions, re- of these element in cos! continues to receive even present muneration. While there the future, a reduction in costs of both fe to may be, some time in materials, it is s say labor and that interests occurs, some great collapse of all no unless there will be re- duction in the near future; and should a reduction about at some dis- tant The world has been lifted somewhat come day, it will not be large. rudely and by various forces on to a of costs, and adjustment higher level to this level therefore, people has not yet taken place; naturally hesitate, naturally are in doubt. But it seems plain enough that we must all accept the fact, and although it may be evi- that a of produce any greater or better net still it dent costs does high level nat result than a low level, is fu- tile 1o expect a and defer recession the doing of things t ought to be done. Unwise to Delay, The writer believes it is most unw ) to defer operations which present ne- cessities suggest, in the hope of radi- cal cheapening of costs of labor and the products of labor. In spite of hes the general depression and ancy there are ample signs that really essential work is being en- tered upon to very considerable extent, and much sooner than most people seem to think, a normal amount of work will be under way. The con- ception that time lost cannot be made up is evidently gaining. ground, for contractors gencrally report that dur- ing the last few manths there has been a much greater call for estimates th n duri g the whole of the last two s, and @ proportionate amount of contracts have been entered into. It is perfectly natural that alterations repairs, and additions shouid be more in evidence at first than entirely projects, for the war everyone deferred work of re- and extent new during the years of pair remodeling to as great an as possible; now th opera- tions are going forward on every hand, though mostly and individually they are minor in bulk character and amount, they very large the in aggregate. As new definite projects are now taking undoubtedly rket this summer shape and will come upon the ma: and early fall, increasing the demand for materials and labor, it stands to reason that those who desire to build either for business or domestic uses, should not delay their undertakings. The best judgment of those in clos- est taueh with the practical situation is that nothing will be gained by wait- ing—therefore, if vou wish to build and can command the necessary funds, build now!! pply of Lumber Small. Here is what another authority on the subject of materfals has to s His conclusions are the same as those of hundreds of other nationally recog- nized experts: “The saw mills of the United States formerly worked ten hours. They are SATURDAY, SEPTEMBER Editorial from the Source of Supply 13, now generally an an elght hour day. The result is a proportlonate decreaso in production of 20 per cont. “The United States 1917 about thousand carloads of lumber. produced in one million six hundred Twenty per cent. equals three hundred and twenty thausand carloads, which ap- proximately constitutes today's shor age. « “The need great. ‘The supply never so small, for lumber was never so (in late years) “Lumber is not today comparatively as high in price as almost everything else—and it is in far less compara- tive supply, “Conclusions are abvious. “It is a sure guess that v of old age to the level of alue bufldings must incr present costs less reasonable deprecia of farm products and working hours and tion for use and age. Or the price wages of labor must recede to the old basis. “The world needs production in ev- line. It it no exception ary: cannot be had uni is paid for. Lumber is to the general rule.” Lumber Prices Can't Recede. information on the of ern pine, “I am unable ta see how the “From jeet,” my sub- says a manufacturer north- price of lumber will de to the future, pre war levels in the near if ever. The day is not far ¢ New be considered tant when the spruce of England will cease to factor 5 a commerc in building purpose of the Great The white pine Lak region has already nearly ceased to be a factor in com- mercial purposes. Competent authori- ties state that the long and short le: pine of the southern states has tained its maximum production and is now on the decline and that within five vears 20 per cent. of the mills now will have exhausted their rs 60 Ate operating supplies and within ten ye per cent. will have ceased to ope “Another factor which the New Eng- Jand and northern people do not vet appreciate, is the tremendous indus- trial acti in the south that t few market ity has de- veloped in the p: years. the of Here- tofore the tor north southern Ohjo viver and east of the Mississippi river, that and it is lumber was faund the but condition has now changed of vital importance and should not he south under-estimated itself will soon consume cent. of that this The 50 per its product, if the New nat more, so Englanders in buying lumber must compete with the south and it is entirely new tion."” competi- Can Borrow Moncy kasy Heve. Through the organization by a group of local manufacturers of Hardware City Loan Corporation, problem of where and how to money wtillaut paying exorbitant terest charges, has been solved New Britain people. This corporation fills & much needed he the get in- for want in the city. It will obtain for the individual a first mortgage from a bank equal to one-half the value of the house and lot and will take a second mortgage equal to the balance erc is a typical example of the operation of the plan of mortgs and payment. Assume the value of a two family house and lot to be $7,500. Value of lot--$750 IFirst mortgage 50 per cent. $3,750 Second mortgage, 40 per cent., $3,- 000. But 5 per cent. interest is charged on these mortgage loans The covporation will loan money on buildings to be erected anywhere in New Britain or its immedlate suburbs. Build Now—You Can’t Losc. The preceding paragraphs prove that while lumber and lahor are high, compared with prices of a few years ago, there is every indication that they will go considerably higher and noth- ing to give a plausible reason the impression that there is the least like- lihood of a reduction. BUILD NOW, is the ery of the nation. The trend of prices is and will be higher. That there can be no difficulty in ob- taining the money is apparent. New Britain banks and loan corporations ave willing and anxious to loan on mortgages at extremely low rates On this page you will find listed real estate men, building contractors and lumber dealers of the city. See one or more of them. Get an estimate on the house you would like to have built, see the loan corporation for the money vou need and get vour new home started. The opinions of the country's experts is assurance that you will never regret it. W. L. Damon Lumber Co. 1912 Anderson and Carlson, Sunrise Ave. Emil Carlson, 361 Main St. European Conditions Joseph M. Zuk, New York City. Frank Monkiewcz, 99 Booth St. Have Increased the Demand N. B. Wood Working Co., 55 Pearl St. John Pinches, Chestnut St. BuildingConditions Meet wit John Carlson. Camp Real Estate Co., 272 Main St. E. W. Kilbourne, Stanley St. A Radical Change B. Stein Bldg. Co., 27 Winthrop S:. Wexler Bldg. Co., 14 Hart St. W. S. Bradley, 14 Kelsey St. and No One Can Wisely p—— i | J. E. Meskill, 104 Winter St. Carlson & Torrell, 50 Dwight St. i W. E. Burke, 24 Monroe St. Predict the Future Eric U. Carlson, 185 South Main St. C. W. Holmes, 17 Fairview St. D. F. Larson, 20 Howard St. This Page Should Be of K. L. Johnson, 694 Nerth St. B. H. Hibbard Co., 153 Arch St. John W. Allen, Building Inspector Pdvantage to You Swift & Upson Lumber Co. Rackliffe Bros.