New Britain Herald Newspaper, October 18, 1919, Page 11

MARKET AND REAL NEW BRITAIN DAILY ESTATE REVIEW o & ! FINANCIAL Betosienbdas WALL STREET STOCK EXCHANGE REPORTS New York Stock fxchange quota- tions furnished by Richter & Co. members of the New York stock Exchange: "' Wall Street, Oct kindred specialtie Rnother spirited market today 18.—Motors and were the center of dvance in the stock of issues Some these scored new records al extreme gains of 3 to 10 points. Bquipments, in- cluding various minor issues, accom- panied the movement, gaining 2 to Woolen, sh and American leathers Deints hping tobaccos, chemicals also participated in the extent of 1 to points. Rails and steels moved counter to the general trend, but rai- lied later, several low-priced trans- portations rising briskly. The closing was strong Sales approximated 700,000 shares. Oct. 18, 1919, ' Low Close Am Beet Sugar 97 Am Can Am Car & Fdy Am lLoco . Am Smelt & Ref Am Sug Ref com Am Sumat Tob Am Tel & Tel Am Tobacco Aa Woolen Anacon Copper Atch Top & S I .. Baldwin Loco Beth Steel B B Butte & Superior Canadian Pac Cent Leather Chj Mil & St P Chi Rock Isl & P . Chile Copper Corn Prod Ref Crucible Steel Cuba Cane Sugar . Brie B Erie 1st pfd . XPECT TO GET MORE THAN A DOLLARS wWorTH TOR A DOLLAR! If you get the worth of cvery dollar you spend you should lead a very happy life. We are offering clothing val- ues that will make you appre- ciate us. In the buying of our stock of well wove: shly built gar- ments we t upon getting our money’s worth. That is the reason we can give you the right kind of a deal. Sounds reasonable doesn't it? Stein-Bloch and Shuman ¥ Suits and Overcoats $55.00. Stetson Soft Hats $7 and $8. The Farrell Clothing Co. 271 MAIN ST. 50 and | GET YOUR Beats . . . Free Trial 75-77-79 Church St. | under | more n Elec Gen Motors Goodrich (B3 Gt Nor pfd Ins Copper Interboro Int Mer Mar Int Mer Mar Int Nickel Kennee (opper Lehigh Valley Max Motor Mex [Petrole Midvale Steel Nat Lead Nev Cons NV Al N Y Centr: NYNH& No Northe Ohio I’enn Pressed prd m H Cities Gas R R Steel Cons Ray Reading Rep I & S . Sinclair Oil Ref Southern Pac Southern Ry Stude Te Union b United Retail St U S iFood Prod U & Indus Alco U Rubber Co U S Steel o Willys Overland ker Co Pac 123% 123% 1095 108% Henry Clews f Weekly Letter § (Special to the Herald) New York, Oct. 18.—Financial con- ditions during the past week have been unusualiy confused and uncer- tain. Both in domestic and foreign politics, conditions have been such as to produce In the tory uncertainty, if not anxiety United States the unsatisf: prospects of the peace treaty, the evidently delicate condition of the ident's health, and the lack of cut political alignment in con- have been disturbing factor: ad the continued political un- in Europe and the slowness with which readjustments have occurred rest the peace treaty, as well the evident social and economic. unsettle- ment, have created a situation very similar to that existing here. Labor Situation. Conditions have not been entirely dependent upon vague or general re- port. The labor situation has on some days presented hopeful features and on others seems to be growing worse rather than better. The weak- ening of the steel strike and the con- clusion of serious port what threatened to be a strike in New York have been hopefnl factors. Offsetting these have been the apparent growth of the area of the industrial disturbance in various parts of the countr the total number of strikes which have heen called and the aggregate number of men involved, notwithstanding the existing high level of wages, is suffi- cient to cause and has, in fact, pro- duced anxiety of the most serious deseription. It is the opinion of many careful observers that the labor situa- tion will be disturbed for some time to come and that no conclusive ad- justment of it can be had pending some more positive settlement price situation. Advances in do no zood to the worker if they are offset as fast as granted by advance- ment in prices. It is being more and recognized {hat the settlement of the price problem is practically essential to the adjustment of labor tionships Low Reserve Percentage. Inflated conditions throughout the country continue to exist and are il- lustrated by the fact that the reserve percentage of the federal reserve s of the wages tem has been below 50 per cent. The law requires that at least 40 per cent reserve shall be held against notes HOOVER as it sweeps | as minimum | not | cial control of values. ! stage: | as to CLEANER NOW AND SAVE FROM $5.00 TO $10.00 Only the Hoover as it cleans The Spring & Buckley Electric Co. and 35 per cent. against deposits, but the system has aiways regarded these figures and has endeav- ored to maintain the percentage very much higher. During {he anx- iety was felt whenever the percent: approached fifty. The fact that both here and in fereign countries infla- tion has apparently been unchecked since the armistice, while government extravagance has continued, regarded the prim: high rising prices. ound for anxiety in only in its immedate effect upo investment market but also of its ultimate bearing upon the trial and labor situation al- ready indicated. Out of the anxiety nd dissatisfaction produced by this price situation has grown a renewal of demand for some scheme of artif That wa must cau There as and the caus indus as which is most popular at the present time is | the so-called ‘‘stabilization” of the | dollar, a proposal which has been | pressed upon congre past. A congressional appoint a mone; for some years resolution ry commission ap- parently has in view the idea of in- vestigating the feasibility of this kind of artificial control of prices. The matter is still in the preliminary of discussion, and as in all periods of inflation and price disturh- to ance the idea of government inte vention take strong hold of some mind. he Speculative Position, Many of the securities now most freely traded in are in a more or less speculative position and the question of advances in their quoted values is a very close one, many general fac tors heing rinst such an advancy while there are some which may fav- or it. The fact that the months from now until the end of the year are usually a period of good demand for current funds, while the heavy drafts upon the reserve system in connection with government financing have largely drawn down the resources of the central institutions, indicates that a scarcity of funds for speculative borrowing may continue for some time. This points to firm rates for call money. Coupled with the evi- dent postponement of the time when the treaty of peace will come into ef- fect and the unavoidable uncerainty general financial and busines conditions that will prevail until aft- er that event, the present situation must be regarded as doubtful and S0 Mme. de Mumm, considered one of the most beautiful women in Paris She wus formerly Miss Frances Sco- ville of San Francisco. The United States senate on Monday P ed a resolution to restore the citizenship. By her marriage to Baron Walter de | Mumm she assumed German citizen- | ship in 1913 (¢) Underwood & Underwood. Easy Payments Tel. 2240, 2241 be e of is | this situation | be- | HERALD, SATURDAY, OCTOBER 18, 1919, | | GABY DESLYS ™ New York Bl sl Visit of the famous actress was un- s ot o o S e plained. TIs it unchivalrous to ob- [l Y g ve that Gaby doesn’t look as youns aby arrived unannounced on the | 4y when she w e tnicne ot ihe liner La France. The reason for the | King of Portugal? | calling for caution in the stock iart| DECORATED | ket rom the broader s(.m(lptnv)!‘] = | however, it continues to he true that | | the worla position of the United | States is unrivalled and that an al- | most unlimited demand for its goods exists abroad, while internally much genuine prosperity is cxhibited with not a little that is superficial rather than acual. The transition stage | through which the world is passing presents serious problems and {hc United States cannot escape from | bearing its share in them. Thi¢ is unavoidable but it involves the con- | tinuance of unsettlement of values and prices for some time to come. HENRY CLEW CITY ITEMS Hear Cong. aay, Y Miss Viola T eg m.—: 1, Turner Hall Sun- davt. ggerty w tendered a miscellancous shower last evening at the home of Miss Viola Pickhardt | of Meriden trimmed with CGuests The house Hallowe was prettily n decorations. | Meriden, were present from Middletown, Plainville and New Brit- ain. A buffet lunch was served. Miss Haggerty was the recipient of many beautiful gifts. She is soon o be- come the bride of George Miller of Plainville. Both are well known young | people of this city. | bt uats | MRS EARNEST 7. SEATON. As Influenza ! 3 g . | New York—Mrs. Ernest Seaton Is an exaggerated form of Grip, LAX- ! “C O T S B Ao e honor ATTY BROMO QUININIE Tablets postowed on her for war work. Mrs. should be taken in larger doses than oh Tonnded the Wome et | is prescribed for ordinary Grip. A early in the war and later did good plan is not to wait until you are t work in relief of French wound- sick, but PREVENT IT by takir The unit as a whole has been cit- LANATIVE in time BROMO QUININE Tab- - distin er wears e ice and cacn me; Maker of Storage Batteries in the World— “Every one of these buildings is de- voted to the production of the E. S. B. Co. batteries— “Think for a moment what this means to you in assurance of quality, engineering righiness and dependable, | enduring performance. ! “The *E) ’ Battery, the result of 31 vears of experi e in battery b: is known as the battery that ‘costs most to make but least to usc'—it will prove that fact right in vour car.” “¥Exide” Battery Service backs up the performance of every “YExide” Starting and Light- ing Battery. “Xxid¢” Service however, is not confined to the “Yexide” Battery; on the contrary, it provides for the repairing, recharging and testing of all makes of starting batteries. All repairs measure up to the high quality basis upon which “YEXD¢” Service is founded. CallffortalErce Battery Test Today A. G. HAWKER Exide Station ELM STREET RICHTER & CO. Members New York Stock Exchange 31 WEST MAIN ST. NEW BRITAIN, CONN. We Offer 160 shs. Colts Arms 100 New Britain Machine Rights 100 North & Judd Rights 100 shs Landers, Frary & Clark JUDD & CO. Rooms 309-310 National Bank Bldg. W. T. SLOPER. Mgr. Tel. 1815 . North & Judd & Hartford Electric Light “Rights”’ GOODWIN BEACH & CO. CONNECTICUT MUTUAL BUILDIN HARTFORD T, FRANK, LEE, Local Mgr.—Room 410, Natl. Bk. Bldg., Tel. 2120 AMERICAN HARDWARE CORP. STOCK BOUGHT AND SOLD New Britain Machine Co. North & Judd Co. Rights Bought—Sold—Adjusted Subscription May Be Made Through Our Offices. FRISBIE & COMPANY New Britain National Bank Bldg. New Britain, Conn. Hartford Waterbury Direct Private Wire to New York and Boston l CompErciALl ) TRUSTCD, ] 5 THE HARDWARE CITY Attention Your attention is called to the importance of Safe Deposit Protec- tion for your valuables. We are at your service and offer you a Safe Deposit Box in our Fire F and Burglar Proof Vault for $3.00 and up per year. THE COMMERCIAL TRUST COMPANY NEW BRITAIN,CONN. NG i 2 Q> IF YOU WANT TO START a checking account, make a will, appoint a Trustee, Executor or Guardian, deposit valuable papers in a perfectly safe place, obtain investment information, send money abroad, get Travelers Cheques or a Letter of Credit. WE ARE AT your YOUR SERVICE. The Hartford-Connecticut Trust Company MAIN STREET, COR @ PEARL STREET, HARTFORD, CONNECTICU CAPITAL AND SURPLUS FUNDS T $3,000,000.