New Britain Herald Newspaper, April 23, 1921, Page 11

inancial L STREET STOCK HANGE REPORTS| Street—The stock market was | potive and irregularly strong today’s brief session Rails ! higher type extended yester- loderate gains under lead of ifics, Grangers and Coalers. Northern, Northern Pacific, td. and Reading were the chief In the latter dealings there o a sudden demand for Union | Olls were less conspicuous gher in the main, Mexican um rising two points and Stan- il of New Jersey four points. altles also were favored Is, equipments and the usual neous issues showed Iittle of cent activity. The closing was Sales approximated 450,000 rk Stock Excnange quotas Bished by Richter & Co., re of the New York Stoco ed Low. 18 1 Close. al 384 et u r & I'ay. ptton. OIl. comotive 1t & Ret 401 & Met em 611, matra Tob 701 1 & Tel..1081 bbacco 118 oolen 7 dn Cop op & 8§ P f & Wt Ity n Loco Ohto teel clfie ther Ohio | & 8t P Il & P ‘4 . s Mef T4 e Steel . 8% Jane Sug. 19% tt-Johna'n Mig Sugar 1061, 116 738 387, 50% B Co. 36 t ptd W e w Electric . .1 fotors h (BF) Co pfd Centl tion' Cop prough Con r Marine r Mar pfd ickel . por Bpgd Tire ott Cop Stoel .o Valley | Motor troleum Steel rl Pae ir Brake entral [ & 8 D. N ir O11 Sl eific nilway aker Co v Ref &1 F'ood Prod. Indus Alco 69 Rubber Co Stoel 54 81 Overld 3 30 e ON 388 1LY 1S DEPORTED. lon proceedings which My city officlals were con- ated yesterday with the removal the city of Mr. and Mrs. J. Sam- Ind family. They will sail shortly ussia. The fomily has been a charge for months ~ 2 A Specialty 'm.F.McEnroe,Prop WEEK'S REVIEW AND IMMEDIATE OUTLOOK: Henry Clews, New York Financial Expert, Gives His Opinions (Spectal to The Herald) New York April —Final col- lapse of the general kout” which had been planned by British labor unions has decidedly improved the general aspect of foreign ecomomic affairs during the past few days. The coal strike still remains to be set- tled, but what appears to be a fairly feasible program of compromise is announced. Another encouraging foredgn feature as the appeal of Berlin to Washington to act as med- fator In bringing about a settle- ment of the reparations matter. The forceful reply of Secretary Hughes, it is believed, will result in a speedy renewal of negotiations with the Al- lles and tMat an agreement will then shortly be reached. There is of course, no other road open for Ger- many to follow. A settlement of this vexatious question will undoubtedly do much to revive international trade and cannot fail to be of bene- fit to the United States The Railroad Situation. Railroad conditions * have tinued to occupy a place of primary importance in inyestment and specu- lative circles during the past week. The announcement that the labor agreements of the war period been abrogated or terminated was a first step which laid the foundation for some scttlement of present rail- road controversies but which to be really effective requires much fur- ther work. Revision of the wage scales in effect on the principal roads is a matter that will take a good deal of time before i1t is completed. Such revision, however, is evidently in sight. Statements on the part of leading members o the administra. tion that revision of rates is like- wise demanded in the intérest of farmers and other etements in the yommunity represont a general feel- ing that present rates are in many cases too high. There is, however, no disposition far as can Dbe learned to attempt any general slashing of rates while in the opin- fon of many traffic experts a reason- able readjustment of someé rate clas- sifications would wvesult in actual increasing the revenues of the car- riers. The force of public demand is evidently quite fully concentrated upon restoring the railroads to a self supporting basis rather than further undermining them in the interest either of farmers of manu- facturers. con- 0 Foreign Trade Foreign trade figures for the month of March show a general de- crease of about 50 per cent in im- ports as compared with March 1920, and rather more than the proportion in exporte. As against February of this year there is shown an advance of about 15 per cent in imports and a falling off of about 22 1.2 per cent. in exports. Meanwhile gold has continued to come into the United States In larg quantities and Thas tended to strengthen the reserves of the federal reserve system in an im- portant degree. The net amount re- celved since the beginning of the year is estimated at about $175 000,- 000. It should be remembered that whereas in 1913 it was estimated that we owed to foreign countries some $6,000,000,000 in securities and probably $£1,000,000,000 on open ac- count we have turned the scales and as a result of our war advances we are today creditors to the extent of not less than $12,000,000,000 or $14,- 000,000,000 on funded and $4,000.- 000,000 on open account—a shift of at least $25,000,000,000 as com- pared with the situation in 1913, Every Investment We buy and sell securities at your order: We submit for your considera- tion securities which we recom- mend for investment: We review your present hold- ings and suggest any exchanges which we believe may be to your advantage; We give information about in- vestment conditions: We consult with you regarding your individual invesument needs; and offer our advice. Our Monthly Circular “Invest- ment Offerings” will be sent to you on request. ! had | All this strongly emphasizes the ne- cessity of obtaining some genuine improvement in our method of financ- ing foreign trade. Action of con- gress on Wednesday in medifying the l2dge Act so as to reduce the im- mediate capital requirements for or: ganization under that law may help somewhat. Interesting in this con- nection is the fact that recent carg- ful surveys of the volume of accep- tances jssued by member banks of ! the Federal reserve system appear to | show adecline of some 50 per cent { from | tributed in large measure to: the de- A year ago This must be at- clining ness. ; Market Review and Outlook. Although reactions in some stocks have occurred from time to time durinz the past week many have held the gains they scored a week ago. The volume of trading has been on a moderate basis and it has been largety concentrated in comparative- ly few isgves. Tmprovement in the coppers and automobiles has been noted and the steel shares in soite of some professional L & have in tte main hcld their own well. There has been a better tone in ti¢ railroad list and while sugar and some other issues have suffered the cdecline has not been marked The ummedizte future of the mariet is of course very de- pendent upon cevelopments both at home and abrozd and until a good deal of the uvncertarnty is removed the market will ne doubt continue to lack £rnd A11; necvertheless even the professional trading element is beginning to realire that while prices give way here and there when spe- cial drives are made against them, long stock does not come out in suf- ficient quantity to raake any deep or lasting impr on on values. which carries with it the conviction that the trend is in the direction of better prices volume of our ,export busi- HENRY LOCAL STOCK MARKET TODAY (Furnished by Richter & Co.) CLEWS. Hfd Elec Light Southern N E Tel Am Hardware Am Hoslery Am Brass . —enan Bristol Brass ....... Billings and sp'ncor Colt's Arms ... Eagle Lock ... Landers F and C N B Machine ... Niles-Be-Pond com North and Judd Peck, Stow and Wilcox Stanley Works Standard Screw com Secovill Mfg Co Traut and Hine Union Mfg Co CLEARING HOU Exchanges .. Two-Family House on East East Main. First class con- dition and rzasonable. street near Fine house on Bassett street near High school. Can be used for twb families er would make a fine boarding place for teachers. A good in- vestment. * Three-Family House in south end, near Arch street. Let us show you these places. You will buy. Parker & Deming 193 MAIN STREET Real Estate, Insurance Mortgage Loans. Tel, 2026. SECOND WARD POLITICS MINE DELEGATES MEET. But No Action Will Be Taken in Eng- land Before Monday’s Session. London, April 23.—Delegates of local unions of the miners’ federation of Great Britain met here today but it was understood before the meeting that no definite decision relative to the con- troversy with mine owners would be reached until after leaders of the feder- ation conferred again with FPhemier Lloyd George on Monday. y S THESE ARE HARVEST DAYS FOR THE SMALL INVESTOR Are Discussed Possibility Councilman Towers Resigning. Following the announcemnt that Il:-glnnm Towers, countilman from he second gvard, would probably re- i sign, due to the fact that he is now {living on Harrison street, politics 'und speculation are again the topic of the day. Ex-Mayor George Quigley has been the center of poli- tical gossip but he stated this morn- ing that he was not out for the posi- tion and such rumors were unwar- ranted. ) Another man mentioned for place is William F. Roy who was defeated for the council at the last republican wrimaries Another candidate mentioned is Robert C. Vance of Maple street, but ther may be some opposition because Maple street has already one council- man, Benjamin Parker who lives only a few doors down the street from Mr. Vance. nee of RICHTER & CO. Member New York Stock Exchange 31 WESTMAIN STREET, NEW BRITAIN. CON STANLEY R. EDDY, Mgr. TEL. 3049 We Recommend THE OMO MFG., 8% PFD. PRICE $26 Information furnished on request the N, The whole world 1is bidding for money at the highest interest rate in all history. Today you $100 with high-grade preferred valuable common stock Write for Financial Bank References, ete. THOMSON & can $10 safety on op every a certain stock with “rights.” Statement, get F. G, JUDD JUDD & CO. 23" WEST MAIN ST., NEW BRITAIN, CONNEOTICUT Investments, Local Stocks Telephones, 1815, 13513 WE OFFER:— Landers, Frary and Clark | one month old son of Inc. Henry Friedman of 05 died at the local hospital afternoon. Sidney, the Mr. and Mrs. Kelsey street, yesterday J. E. Co., 126 Liberty Street, New York. —— Our Foreign Exchange Dept. will be open Tonight from 7:00 to 9:00 o’clock. trip to the old country or wish to KEOGH Member Consolidated Stock Exchange of New York. orin STOCK = BONDS Middletown Direct Private Wire to New York and Boston. . F. GROFF, Mgr.—Room 509, N. B, Nat’l Bank Bldg. — Tel. 101 Thomson, Tfenn & o. NEW BRITAIN NATIONAL BANK BUILDING] 10 CENTRAL ROW, HARTFORD, CONN. DONALD R. HART, Mgr. TEL We Have Orders to Buy STANLEY WORKS PREFERRED If you/. are planning a send money home, come in and talk the matter over with us. “Yours for Service” 2580—258; New Britain Trust Co. FRIEDMAN, MARKELSON & COMPAN Members Consolidated Stock Exchange of New-York 45 BEAVER ST., N. Y., ANNOUNCE THE OPENING OF A BRANCH OFFICE AT 742 MAIN STREET, Hartford, Con ’PHONE BUSHNELL 2640. Under the Management of Mr. Lewis E. Dorfman TO TRANSACT A GENERAL COMMISSION BUSINESS IN STOCKS, BONDS AND FOREIGN EXCHANGE You Are Cordially Invited to Visit Our Bright, Commodio Board Rooms Containing Every Modern Facility for Rende ing Unexcelled Service. FAST PRIVATE WIRES TO VARIOUS MARKETS The Hartford-Connecticut Trust Company Corner Main and Pearl Streets, Hartford, Conn. (,apltal $1,250,000. Su-plus Funds, $2,000,000.00 Safe Deposnt Boxes, $5 and upwards. Settlement of Estates, Wills drawn without charge Foreign Exchange to all parts of the world. LETTERS OF CREDIT GENERAL BANKING Bank by mail. It issafe and saves time. Quick Results---Herald Classified Ad Reason No. 9—Why We Advertise. “National Bank Protection for your Savings” Investments Fundamentally, there are two chief operations in banking; one is the securing of deposits, the other the loaning or investing of them. The safety and security of any banking institution depends very largely upon the sound judgment:and discretion used in the placing of these d{’posl!i in securities which offer safet\' marketability and a profitable vield. . Our bond investments have been sclected with the greatest care by our investment committee and are periodically reviewed. We classify below the bond investments of this bank. 468,500.81 271,950.00 104,500.00 $ 844,950.81 $ 121,887.75 33,800.00 167,225.00 55,627.50 $ 878,540.25 $ 1,223,491.06 2,582,128.73 845,838.05 $ 4,651,457.84 $8,542,871.53 United States Liberty Loan Bonds United States Victory Notes . United States Certificates of Indcbtg(hus\ State and Municipal Bonds 5 o Bonds of Foreign Governments . High Grade Railroad Bonds - Public Service Corp’n Bonds and other Bnnd\ Total Bond Investments - Loans and Discounts Cash and Other Assets . . Total Resources (last statement) Total Dcpnsxh (last” ~htomu|t) New Brltaln National Bank