New Britain Herald Newspaper, September 24, 1921, Page 11

Financial |0 S THETD | ST 726 WHKS IRNEV MD:5225 = My r A M e Co. WALL STREET ST Babson, Financial Expert Sees ‘Il"r‘""'"';:"I""L“'I‘]:"‘;:::"I;:""". £ Heary Clews, New York Financial '"i:)’(";Sr'?fv{:?“i“:‘:‘t:? : ;;:';";f.':_.‘i“’i’f';.;.:{,:“".‘::::: Member New York ftock Exchange Successor to Richter & Co. 31 WEST MATF STREKT, NEW BRITAIN, CONN. STANLEY R. EDDY, Mgr. TEL. 2040 |afrair. stocks make them attractive, espe hall, Monday—advt in view of improving trade pros- . = Wall Street.—Populur stocks, es- ‘Dusiness today s dr : 0y /. Tlart, pianist, organist, (Special to Herald). pect with the better outlook that it We Have Buying Orders in pecially ralls, were inclined to make | bot ok inais Mo uTe nding g as resumed te: .| New York, Sept. 24.—The reas- |affords. Improvement in quotations further upward progress today but the | now at 75 points below norn com advt sembling of congress marks the I during the past few weeks h prob- usual closi st weekly accounts to-|pared with points above a few board of fire commissioners [stazes of the cxtraordinary scssion, ably run ahead of the advance in | AMERICAN BRASS Sothor wiih heavinees of forsign olls|months aso. This « that we|will hold 1 eting Monday nigh which will probably continue until to- [business, but the market is always exertod a restraining influence sre in the sixth period of the DBusi-|[the City hall. Changes in the tires|ward the cnd of November. The first |able to anticipate trade changes. The points, Mexican Pet. 3 1-4 and Gen- [money and higher bond prices is at|noticed during inspection, will be[the revenue bill, which has been re- |be cxpected, and the time when they |3 eral Asphalt 1 1-2. Sumatra Tobac- | hand discussed reported by the senate finance com- |would natu 1 off is at least a | b STANLEY WORKS co continued to weaken on its un-| “You have an opportunity herej Jester has g buys at his clean- tec. While the bill does not go|month ahead. Such setbacks as have favorable financlal showing. Rails | thht will not be ialed in the in-|up used car sale, 193 Arch St—advt. far as many would desire, it will |occurred have been the result of th wero one to three points highor at|vestment field for seve ars to RGN0 neverthel ly corrcct g | = vail rarcacloaiionsraticraRor i ne LANDERS, FRARY & CLARK their best but ylelded practically all[com Buy all the & time bonds more ser ts in ex s le bear si »d by railroad unrest their gains in the final dealings. you can carry, right now ! lation. T loption of the railr ind unfavorable rumors. With lower The cheaper domestic olls and nds Are Cheap Now. ' unding 1 of some re |interest rates it is unreasonable to obscure specialties made frregular “Wh interest ratc are low 4,1 | designed to provide for the gn |expect that od dividend paying gains. Tho closing was heavy. Sales " » high priced so that they |indebtedness, is also to be expect stocks will continue to yield returns approximated 260,000 shares. ? the current rate of ir | during the coming sixty days. Other |of as much as 8 per cent, as many | TSI 0T i R T Ly Y ; Hisg Tl Cloee . when interest rates legislation is likely to be laid aside [of them are doing at current quota- E : S e r it SR | U L, JUDD . G. JUDD W. T. SLOPER Allis - Chal Mfg 3 % |high. as at present, bonds are che convenin the new scs- | tions. this reason ekt s that they yield a high rate of y in December. 1ted trac re making purchases | i Am Loco .. vee 9 terest When interest rates are » & ) Still Improving. | whenever de able stocl ran be ob- | 1H Am Sm & Re... 37 3 6% |as they wero a few years ago, one 0 : C d D ing!| More and more positive indications {taincd on moderate 1 i t: g S : perations Commenced DUTINE| . \aiivara improvement: nave ~ |8 efi L Am Sg Rf cm... buy short time bonds be been r RAIN & 5 NECT Am Sum Th it is not advisable to tie one’'s money noted within the past few day The A ES W 40 TAIN, CONNEX e 3 7 7 » for a long e s wmall retur expected declaratio f the Norther: ln\('«um-ms. Lowl Stocks ‘:l‘elcphoncs, 1815 1816 ,:... b ~ T T R e At Week Tmal 362’450 Pacine aiviacnalandltneyetilii nattor $500.000,000 FOR JOBLESS 5 Am Wool ...... 753 are high, the shrewdest investors are oAl rnings that are currently reported, — . Ana Cop ...... 3815 381 buying as long term bonds as they are the underlying features in the sit- |Great Britain Has Expended This We Offer Atch Tp & 8 F. E 86 can xmul\x'»h et - I:m’) |.u.x.’ Mor- 'll'lm lm'I:li!\; r'-wn'\{ ‘f;n:\ the week | yation. Much to Helicve Unemployed. i 50 AMERICAN HARDWARE ALGI & W 2 ]| enniaslian fandiinafotnen flchTinien | Saalugiten s it : ade Revival in Progr | o s e e 50 LANDERS, FRARY & CLARK 1 Loco seeking Philip Stanley, Meadow Baitl & Ohlo. .. . ! nvestments and buyinz not only yue, frame dwelling., $50,000. of the country ready 3 e llionRaoliaragis Ehecns cxneniaa 50 STANLEY WORKS Common. Beth Steel B.... 65% 5 bonds that pay a high' rate of inter- |"V70 % TU N LT R TS Broad |decided, and the reaction of it upon |PY the British government in reliov- | fj Car Sonisiye . it butiBonds that a6 notibesomeldua l Joscpht Zotlinslt LB and Broad [ te been benetiems, rhere ia |ing the unemployed since November G TS 3 > Con 1 Do s s 8 2 or twenty or thirty years. treet, brick store, $4,450. an increasing volume of retail and|ll: 1918 Winston Spencer Churchill, Ches & Ohlo. . “Recently T have been hunting such | Parker Buckey Baking Co.. 14 |wholesale business in mearly all sec- |30CTe state for the, colonics Chi Ml & 8 P... ; Eo0d Issucn for some very carefil in- | winter street, garage addition, $2.500. |tions of the country. In the South Gl = \:!\,::;lhnu\ll(sxti;d him 3 3 Ch K T sty ste ind ha been surprised to “elesfore Zace 21 Tremont street, [and West the decidedly better situa- [YeSterday. 3 Jerbe Eo o ERIC | iy cr Iu\“‘-n:» S Y K most of the new fssues have |y e g r’;L'{‘.‘S\k\;n‘ St e et .”}:m“i‘m even | WAz unparslisiediintany counteyiln JOHN P. KEOGH >4 Cop feature: Many of these is *red ongel, 57 -2 e | cle ecks g hy. 3: K a he world. & < 2 . g Chino © 'ln - h e e | o [rod/Ti EARsLiT Hartstreet frame | cloa w ..h;;-k;:ni'vi"n(r', ani Joans “Members of the Britich cabinet |5 Member Consolidated Stock Exchange of New York. Con Gas ars, 1 mall premium. | Gareuel Norris, 46 Commonwealth |tailers who have allowed their stocks | Wil consider the unemployment next Waterbury STOCKS Bridgeport Cn Prd Ref..... 763 % 7 The bonds have a great big siX, seven. | vonye, frame & $150. to run down to very low levels have | Week and will attempt (o reach a Danbury New Haven Cru Stoel ... 3 6 6 or even eight per cent of them and the | Njcola Bellini, 48 Franklin street, .essarily been placing orders with |/inal decision relative to measuges to Middletown BONDS Springfield Elk Hn Coal.... § date when due, twenty or thirty years{p e stor $1,000 result that distinet improvement [P¢ taken and Mr. Churchill said he Lndl - John.... 65 6 hence, Is in great big type. This gives John O'Keefe, 190 North street,| has made ftself evident in the manu-|'ad cvery reason to. believe special Direct Private Wire to New York and foston. - > . i how e derstand that he wiil sistance would be given in areas Frie vaseesien 11 AR 0V e gar: $200. G. F. GROFF, Mgr.—Room 509, N. B. Nat’l Bank Bldg.— Tel. 1013 ] Jacturing regions. The places in Gen Mot o get the high rate of interest for twenty R. Towers, 50 Hamilton street,|which such improvement is least evi- | D¢ the problem is exceptionally Good (BF), Co.. 1 3 or thiry years. Careful examination of |y, ok gar $1.000 dent are those in which revisions of | *cute. He cxpressed himself as heing e i NS P A NN £ S0 27 Gt North pfd R . bond, however, shows that In Felix Oldize, 62 Woodland street. | pri. in accordance with the general | 'OPeful that ti whole question S o 1L Cem ST 610 |very 1l type is a statement that the | o0 0 L0 e oy in the price | Would be solved satistartorily. =S b downward movement Company, If it desires, can redeem| Birnbaum, 432 Main street, re-|jevel has not occurred. Better condi- the bond at par with a small premium [ oo (500 Tehg lgmad pefpligir o Laops ze0 IR tions In t e steel and fron trade, al- T T ST I S 28 Uncas Road,|though still on moderate scale, Int Mer Mar.... e O e s | cat . $150. continue to show themselves, and are | New York, Scpt. 24.—The schooner | & | e i . s #hould watch for thes 2 wvidson, 159 Main street, al- (i pare the result of the improvement | ¥4eht America, ilrst winner of the his- 1 iflm‘gfln mn Int Nickel ....... ‘ 3% | Snsy & “haade T Wik Al . $300 of the railroad situation. Current | 271700 Ameris cup left Gravesend |§ Nl ey . L n t s Kardokas, 119 Henry|niico indexes show that the level of | 73¥ t0day on the way to Annapolis. s z you lose” proposition in favor of the | 4 .4 store, $1,000 . e aaty ! NEW BRITAIN — Kelly Springfield compantes. 1f- we should get into|™ oty ues is still moderately on the up- New Britain Natioaal Pmok Eldg. HARFFORD Neanooott Oepper another war and interest rates remain- 8 2 ;58 tendencyswhichj will 'begacs v y A ; Telephone 2383 10 Ceatral Row Lehigh Valley .. ¢4 high, or if the company, should . e as interest rates fall and |¥ DONALD R. HART Mgr. Zelenhone Charter 3008, Mox Petroleum . .10 have hard luck, then it would pay .| Nutmegs vs. Rambler-Tigers, Vib- |business becomes more active. The Missouri Pacific .. g 2 = ty years|bert's Ficld, Sunday at 3 o'clock.— [future of foreign trade is still to be ’ - investor for twenty or thirty years|bert's Field, Sunday < y o NP 3 N Y Centra ..l.. D% | But 42 interest rates skould go down|advi determined, financing problems beins We believe that the Individual Holding— North Pacifie z i g HEA « - i as they prob: and the company 3 . Pure Ol ... . X te of euiris U. S. Victory 33}s, Due 1922-23 . an Am P T . 4 e 2 it wil simply call ' Penn R R .... - the bonds ve the investor to 2 AUy can without undue risk of principal take advantage Pierce Arrow . take a lower rate of interest for the ’ A . £ rw offeri Ray Con Cop .... I lance of the time. Thus the big six 3 . Wy of the new offering of— Reading . ........ ren or elght per cent and the twenty ) ::r[\v Ix I.,\‘ cgcocces ) I “ thirty years does not mean any- 4 State of Connecticut 5s, 1936 oyal D, . ¢ 4 { thing. e 3 Sinclair Oil Refin 9% | “Investors who have trouble in find- NNKZ = South Pacific . % [ing new high rate long term issues s 3 very one owni 3 X ; South Rallway .. % | with reasonable and fair callable fea- e L SNany sy vield of about 4.28% to their maturity, and rein- ;{nmu...'k,-r Co .... W% ture ;’-u.‘un:x revert to their oldln:or.nll S 8 nds, notes or other choses vesting his funds in the State of Connecticut 5’s, at exan Sy . E ¢ the threc, four or five per cent bonds . 3 S 3 A p s Texas R ¢ that were put out years ago when - § In action not exempt from i 105.36 and interest, a yield of 4.50% until 1936. Tobacco . e money rates were low. When com- Transcont Oil . L panies could borrow for three, four Union Pacific . 4 R 2 or five per cent they made the bonds United Fruit .... 7% | Just as long torm as possible, and thoy G | United Rotall St.. O . didn’t bother to put In any uses In eptember 30th. 4 o o U 8 Food Prod y fine print. For instance, the Northern L ; These Bonds Are Alike in U 8§ Indus Alco .. 4 Pacific R. R, Co, three por cent bonds i B . ) U* 8 Rubber Co 483 p do not become due until the year 2000, d 4 . Their Tax Exemption U e N 7 7 while most of the good raflroad bonds % % We will be glad to assist S Utah Copper . ‘ wero out for perlods of fifly years, As h 5 s i g7 = Vs Cas et 5% these bonds can now be bought at a " you in making out this re- [ |/ Privileges. Willys Overland "% ; 14 |discount so s to yleld six, soven, or ; PAINTERS PREFER turn, and attending to de- olght per cent even, they should not be forgotten, A #1000 3 1-2 per cent LOCAL STOCI\ bond at fifty, which means it can be " - i g tails, without charge. b : n z s MARKET TODAY |than n 7 por cent $1000 bond at par- UPSOM:=8CARD IR The Hartford-Connecticut Trust Compa!ly (ANl rights strictly reserved) The deposits in our Sav- i b = N Board costs from $5 to $15 : reets, H rd Conn. (Furnished by Putnam & Co.) MRS. ASTOR SAILS less per room to paint than ordinary I el Denartinent oy Corner Main and Pear] Streets, Hartford Htd Elec Light ..... O i1 s et ectusl beate J subject to this tax. 4 Capital $1,250,000. Surplus Funds $2,000,000.00 Southern N E Tel ......108 . g Most boards are spongy and absorbent, Safe Deposit Boxes, 5 and upwards. e pprre s 10e : o ¥ and drink up three or four coats of paint Setilement of Estates, Wills drawn without charge Hardware il 8 r e oo 8 s 3 P : besides the priming coat. Even then, the ; H cummercial Trustcu. Foreign Exchange to all parts of the world. Bristol Brass : 4 i paint often streaks and discolors. SWRh AEBS - orcvinte - 8, N ¢ : Upson Board requires no priming coat. LETTERS OF CREDIT — GENERAL BANKING Eagle Lock . . . - 5 . i e 4 3 One or two coats of paint finish it perfectly. New Britain, Connecticut § (¥ Bank by mail. It is safe and saves time. N B Machine ...o..e.. [ @ 1 Every panel isscientifically processed, kiln- { g Niles-Be V:’,,n.nl,lum S, g y ¢ cured, water-proofed and surface-filled. It ;j""l'(h :"‘”w-'“":d i 84 M A P has a perfect painting surface. 1l Mg ¢ SO s . 5 ;’:_“‘M“ For Pragl ; ? That is why twenty of the largest paint el B s - 3 manufacturers of this country use Up- Traut and Hine .. e 5 % ¥ son Board to display their finishes. Union Mfs Co .. o 5 i anits Warke 4 Naturally the first cost of Upson Board is slightly y more than ordinary wall boards. But because of ;i its strength, which speeds up application and pre- WOMEN VICTORIOUS, X vents breakage and waste; and because of the _— economy of its beautiful painting surface, Upson Soediamal Wouihi's Pusty Win Fiaht (o X v B s e T e o s b This is Saturday nght, and you have an opportunity Have Statute Placed in Hall > 4 ) s ¢ on the market. o Om S0 Insp Cop Inter Con Inter Con ptd Z by selling his Victory 33’s at the market, a present taxation fnust pay a state We are of the opinion that funds can better be in- tax on same on or before vested now than will be the case in 1928. Washington, Sept. 24.-—@Mcers of . "Phone, or call and let us show you samples and tefl & partial vitory in theiz Aght to have 2 aae W B = S el bt . j when down town, of stepping in and taking out a the party's suffrage statue placed in - th statuary hall at the capitol o> | rices The statue, a marble image of the : Tty : Phone us for sam;fh' panels and low {’ 2O three equal suffrage ploneers—Susan A | fi. B. Anthony, Elizabeth Cady Stanton, by o hrll‘:m Lumber and Lucretia Mott—has reposed for . K |-\I(l\ ¥ . x . pixemsseyecimentiofisfanforsirs | e vz : : = $1.00, $2.00 each week and then in June receive our corner of the capitol basement 0 % 8EY ¢ . . O . e 4 ] from the s 't of statuary hall. The capitol dome on the lower floor. Vacation Savings Booklet. Plan to put away 50c, of Amerlca's we M(hh st men, snapped | DYESTUFF EMBARGO. s she was smiling goodbye to| 3 — i Washington. Sept. 34— Decision 1 vf‘ll\:‘”""“. ccampanioa her 1o e | | ARE YOU CARRYING , Start Right — Start Tonight ravaon republican sonatorn” of ihy | Europe for u visit. She wore a | YOUR OWN RISK? Sl Open7 p. m. to 9 p. m. newly organized tariff bloc and rep J 11 fur with a blue rge costume | resontatives of agricultural organiza-|With pancl heavily embroidered in If you haven’'t Safe Deposit Protection tiens to seek legislation extending the| colors. for your valuables, you are carrving too emergency tariff law and authorizing — - ) >, e e byt o sdaguonimsany REMOVED BY HARDING ; great a risk of loss from fire or theft. stufts until the permanent tariff law| Washington, Sept ~ C. Thore Consider the safety and convenience of 18 enacted aimhoRn iepen i alithy our Vaulf, where you can rent a Safe ® ® i of Utah has Teen f'flfi";,’." by xeeu- Deposit Box for a small amount. New Brltaln I rust 4 :0 Washington, Bept. 34. — Captain [tjon circles today. He had refused to | . ® Luke MsNamee has been detailed coatau g : Riainass \ director of naval lntelligence reliev- ing Rear Admiral Andrew Long who was recently assigned as chief of staff | of the Atlantic fleot. Captain Me- | Namee has bheen detached as coms mander of the U, 8 Nevada of thé Atlantic fleet to assume his new as signment.