New Britain Herald Newspaper, September 16, 1919, Page 14

. . f l ATl (o (V8 A O Anderson and Carlson, Sunrise Ave. Emil Carlson, 361 Main St. August Bergstrom, 47 Trinity St. A. D. Clifford, 61 Columbia St. oy O o 30 Gl s oy Irvine: i probably the The result proportionate decrease country’s first authority on the in production of 20 per cent. subject of pr SAYE . “The United States produced in Go ahead on the new price level. Business men should g L Taoc tho thots Motall S thousand carloads of lumber.. Twenty O — a dead language today. The twenty thousand carloads, which ap- buyers of the country, since the armistice, have made an unex- ampled atta upon prices | | ase. through their waiting attitude, “The need for lumber was never and yet price recessions have great. The supply (in late y been ' insigaificant. The reason about one million six hundred proximately constitutes today's short- e Rt Joseph M. Zuk, New York City. F H D h d 139 L- l St is that we are on a new high- i ! o el onrenwen mcoin JSt. price level, which will be found «umber is not today comparatively F k M k- 99 B h S e v a stubborn reality. Business as high in price as almost everything ran ONKIEWCZ, oot t. . . men are going to find out that bt ke Sk i G 1 compara- N. H. Minor, Berlin. B O e T s e who waits, but (he one who i finds out the new price facts, Conclusions are obvious and acts accordingly. “It is a sure gucss that values of old » a present costs less reasonable deprecia Many owners who desire to build tion for use and age. Or the price of tive supply. inability to secure sufficient loans from W s of labor must recede to the old financial institutions basi A = B e el | e o e rodutontin o N. B. Woed Working Co., 55 Pearl St. building work see no reason for an- ery line. It cannot be had unless it . John Pinches, Chestnut St. ticipating any considerable reduction | is paid for. Lumber is no exception Leavitt & Hayes, Court St. in costs for several vears. Natural | to the general rule” products, such as lumber of all kind Tumber Prices) Gan't Recede. ° Q are in great demand all over the e i § M ~ —— Henry J. Fo]ren’ Kens‘ngton. From my information on the sub. world, and growth does not keep pace | jo(w give @ manufacturer of northe wy g ngw " with demand. Manufactured mater G0 0, Wit e RGO e £ T ) II ln Undituns MBEIWIt ials, such as iron, steel, cement, brick, ¥, jce of Jumber will recede to the pre- Bu etc., etc., cannot be produced at lower | 5o f T T tare, it ever. rates while labor, which is the chief | /yo gay is not far distant when the | element in cost of these productions, | oiice of New England will cease o continues to receive even present re- |y, considered as a commercial factor muneration. in building purposes. The white pine John Carlson. While there may be, some time in of the Great Lakes region has already the future, a reduction in costs of both nearly ceased to be a factor in com- Camp Real Estate CO.’ 272 Main St. labor and material s safe to say mercial purposes. Competent authori- Conrad Cianci, 338 East Main St. i e e e U i g E. W. Kilbourne, Stanley St. pine of the southern states has ob- duction in the near future; and should I ajneq its maximum production and is Pasquale Salata 216 Oak st, a reduction come about at some d now on the decline and that within ? tant day, it will not be large. five years 20 per cent. of the mills now The world has been lifted somewhat | operating will have exhausted their | [ rudely and by various forces on to a supplies and within ten vears 60 per A Radlcal an e higher level of costs, and adjustment B llta elcescdhtoonerate! to this level has not yet taken place; Another factor which the New Eng- therefore, people naturally hesitate, land and northern people do not yet naturally are in doubt. But it seems | appreciate, is the tremendous indus- plain enough that we must all accept | trial activity in the south that has de- B S . Bld C 27 w- h S the fact, and although it may be e reRen] S e e R ST s . dtemn g. Lo, int rop t. dent that a high level of costs does tofore the market for the southern C 14 H S nat produce any greater or better net | jumber was found north of the Ohio Wexler Bldg- 0., art St. . P 45 B ld S result than a low level, still it is fu- river and east of the Mississippi river, Santl Uzzo, elden »i. tile to expect g recession and defer | hut that condition has now changed w_ S. Bradley, 14 Kelsey St. the doing of things that ought to be and it is of vital importance and Mario Cianci’ 728 Stanley St_ done. should not be under-estimated. The Unwise to Delay. south itself will soon consume 50 per The writer believes it is most unwi GO @ ) SO (6 Ot e [ to defer operations which present ne- that the New Englanders in buying cessities suggest, in the hope of radi- this lumber must compete with the a cal cheapening of costs of labor and south and it is entirely new competi- the products of labor. tion.” (R In spite of the general depression : ; Can Borrow Money Fasy Here, and hesitancy there are ample signs Y T 2 that really essential work is being en- Through the arganization by a J E Meski“’ 104 Winter St. i VN tered upon to very considerable extent, | &roup of local manufacturers of the E Hardware City Loan Corporation, the - and much sooner than most people 3 . Carl &T 1. 50D ht S sroblem of where and how to get seem to think, a normal amount of | 8 arison orrel, wig! t St. money wtihout paying exorbitant in- W. E. Burke, 24 Monroe St. s Toward Higher Prices work will he under way. The con- terest charges, has been solved for Emil Bengston, 25 Roberts St. W. H. Allen Co., Hungerford Court. e eviaentty saming srownd, for | Thit corporation Alls much needed want in the city. contractors generally report that dur- It will obtain for the individual a ing the last few months there has first mortgage from a bank equal to been a much greater call for estimates one-half the value of the house and Than the Supply. A. F. Nelson, 280 Corbin Ave. John Downes, 28 Monroe St. Scarcity of Labor Has - than during the whole of the last two | 10t and will take a second mortgage : equal to the balance. years, and a proportionate amount of Here is a typical example of the contracts have been entered into. It is perfectly natural that repairs, alterations and additions should be more in evidence at first than entirely new projects, for during the years of the war everyone deferred work of re- pair and remodeling to as great an extent as possible; now these opera- tions are going forward on every hand, and though individually they are mostly minor in character and amount, they bulk very large in the aggregate. As new projects are now takin definite shape and undoubtedly will come upon the market this summer and early fall, increasing the demand r materials a labor, it stands to reason that those who desire to build either for business or domestic use should not delay their undertaking: operation of the plan of mortgage and payment, Assume the value of a two family house and lot to be $7,600. Value of lot 50. First 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 corporation will loan money on buildings to be erected anywhere in New Britain or its immediate suburbs. Build Now—You Can’'t Lose. The preceding paragraphs prove that while lumber and labor are high, compared with prices of a few years ago, ther very indication that they will go considerably higher and noth- ing to give a plausible reason for the impression that there is the least like- 1thood of a reduction. BUILD NOW, is the cry of the nation. The trend of prices is and will be higher Eric U. Carlson, 185 South Main St. C. W. Holmes, 17 Fairview St. D. F. Larson, 20 Howard St. This Page Should Be of The best judgment of those in clos o = : K. L. JOhflSOl’l 694 North St. est tauch with the practical situation HhafiEhensicanibe nold UIGUItyitn oby 4 A. M. Rutherford, Inc., 196 Cherry St. 12 hat moUNIN Wi be gained by wajty | {aiing the money is apparent. New B. H. Hibbard Co., 153 Arch St. L Britain banks and loan corporations ng— re, ou wis | 1 lies thonelore, 1T gou Wik fo BUNA R 0 Siniin . and anxioiue 10 loan on 8 and can command the neces: funds, ey g A l B 142 0 k s e 3 mortgages at extremely low rates. B dd l ngelo Berts, ak St. build now!! it s John W. Allen, Building Inspector. real estate men, building contractors and lumber dealers of the city. See Here is what another authority on one or more of them. Get an estimate the subject of materials has to say. on the house you would like to have His conclusions re the same as those built, see the loan corporation for of hundreds of other nationally recog- the money vau need and get your new . = nized experts home started. The opinions of the “The saw mills of the United States country’s experts is assurance that you L] 2 formerly worked ten hours. They are | will never regret it. Supply of Lumber Small. W. L. Damon Lumber Co. New Britain Lumber & Coal Co. Rogers Sash & Door Co. R P T S ) 2 O S A A A S T T o LI O S PTG T RRIp, Swift & Upson Lumber Rackliffe Bros.