New Britain Herald Newspaper, November 12, 1921, Page 9

GOLD INCREASING IN VALUE, SAYS w BABSON IN HIS WEEKLY STATEMENT Famous Statistician Sees \I('ld\ Improvement Business Conditions 'lhmlul.mnl Country. While the price o ¢ Understar ring neratio during I var gold Th at gold is t remained stationary fact t gold 1 ne lue to the wenty fard on whiech 1 monetary sys. based; that of gold | worth §1 y 1 year out rdless of Htior Simply be It m the price of Lis fixed it | companies w loes not follow that | Is fixed, | erease in proiits time On the contrary the value gold me wt gold m securities fluctvates just as the value of the dol- | should gradually inere i lar fluctuates, | During the past ten years gold mi | The real value of the dollar i de- | ing companies have really been worse ‘ termined by the amount of commodi- | off ilrouds and public utill ties of goods, or both, which it wil] | ties, wlroads and public utilities ‘ buy. It is obvious that when prices | finally inerer in rate ; It twenty-five years. What does t} mean to gold mpianie ! min 1oy con curities cause gol 1 8 value long valu thar Y i aid gold mining comy ire of commoditics 1 goods rise you | but the nies ha cannot get so much for lollar | not heen able to obtain one cent more and when prices decline you can get | per unit of output than they did be more. It is the with gold. Due | fore the war. The result, of course to the rise ymmodity pric has been that their profits shed, which v ng on even hefore the | and that while industrial war startec gradually de- | were soaring to high levels creasing in but the vi declined to a in commoditic which took during the war and after, ¢ value of gold to normally low prices reached February, 192 dropped las your 0 1d min- | lue, nt rise | ing normally | place ed the k to ah levels, Commodity | t their high levels in | gold ores gold securities are | Consequently gold | Inherently speculativ nd the ywest value, | should be selected w greatest commodity | care, but I no rea y a well de- | selected st of gold minir Index which | should not prove to be 20.86 in that | able venture at the pres compared with | General business, meantime 0 in 1806, If his- | lows its sidewise movement Sl every | running 20 per cent t will, the high | just as it was a weck g I not again be | however, bu witnesse about two generatlons. | September record of but Not only that, but there should be below normal downward trend of prices for (All Rights Strictly Re mm spond \\nh MARKET OBINION &5 5 e BY HENRY CLEWS 22 5= i serve ban latter a |out means of releasing | lending power since the v for the | member | has been somc clal failure it deseription and | aitions in the commer oiat iy |the contra the average New York, Nov. 12.—The opening | /1 jejin "“”‘f' Belons of the Arms Conference at Washing- | iy orp epiiiolh than for ton {s undoubtedly the greatest ccon- | Lo Past. Crop moving demand omic and financial event not merely |10V APParently SRS i of this year but of a long perfod, ana | “c5un to flow back to the the community has very properly ob- ““_'"".’f" Chigilagralacicd” by served HSE at £l (nstanoeliof I Presis |[Chcton i ESLItSrd strCE zediacous dent Harding by suspending busi- Market Review and Outlook. ness for a day. It fs a noteworthy| The uplift in bond sign of the times that most of the purchased for the discussion about the conference and|has mainly been brought about its probable results has to do with|is gradually extending to the economlc questions, particularly mat-[list. What the market has lacked, ters relating to foreign exchange and |course, has been buyin n cient | public indebtedness. quantity to keep the upward move- Foreign Trade Distributed ment going. To be sure, there is no| Mcantime the disturbed ccndiflon‘(‘xpc:‘mtlfin that the is to !4 of forelgn trade has continued. It is|immediate rush to pick up a remarkable tribute to the tremend- |with confidence in the fut ous economic strength of the United |ing timidity it is only nable to States and to the indispensable char-|believe that greater activity will be acter of its merchandise that our|witnessed before long due to an in- shipments continue to maintain them- |creased demand. Many people solves at their present high levels. |still short of stocks, having little faith | The quantity of gold fmported by the |in the anticipated busiy United Stales in paymant of these ex- the ease with which prices portations has now reached the rec- ‘ugm buying is ord-breaking level of over $60,000,-|less sure of 000 for the current year. During the [sults of railrond operations continue past week the Faderal Reserve Board [to make a very respectable showing, has published computations based |{t being estimated that for the month upon war data never before made |of October the roads in the first clas: gnown which show that at the time [will be able to save 000 net of the armistice this country owed to |The announcement of foreigners something like $880,000,- | Commons that Gr 000 as the result of unused credits, [be prepared to balances of funds left on deposit|£50,000,000 an ”"'h here for safe keeping and other ele-[her national fnds ments entering into international | course, quite important, as payment trade. This great balance neces of interest on the foreign debt due to tended to offset the merchandise us will have a direet bearing on tava- shipped abroad after the arnistice, |tion Viewed from almost yet the board shows that our net|standpoinf, the market outlook is far s on other countrics today from discour: not less than $3,500,000,000, ars, moreover being enlarged scurities low 8. From now on, ill be favorable heir securities, however, to ¢ From th drop quic W nature a tremendous reached a high | month is now 11.18 a the low record of 5 re ],‘ ats itself t ti 5.7 | have below 1 er it 18 per cent a about | served.) wl’\* The fact [ have not come that commercia down in : ve | rates cgree to | rates eser 1k he thus with reir surplus | must wait presentation paper by institutions ir has beer reflect of New York Banker Gives Review of Financial Sitnation in commer no new con- | on | iness || to ob- prices, which public at larg by replac thelr on account o btedness s, of every They at a HENRY CLE | Kelly NEW Financial News Am Cr m Cot ( H An Am Am Sm \m § Am A Am \m Tob m Woolen x,(. ‘Steel i P 'en !Yh' Chino Con | Erie 1at pid Gen i Gen | Good (BT Mot North p Cop Iy is Cha Ins Int Pacific Oil > | nt Pap St Int Lack Mex Pe Midvale tr Pure Pan Am Penn R R ttsbur 2d '\'[H}M’ ‘on nemir Although there | S 1 of a minor | Studebaker Co Texas Co . Tex & Paci Tob Pro a long|! M ring BRITAIN DAILY r HERALD A Che ATURDAY, I B a.&fl. onvenience nan can do without. da Fund: AL no up-to-date L L 0il NEW.ERITAIN N T THE ONLY NATIONA 23 WEST MAIN ‘-l“.l ol stments, inexperience of some tes have been wasted 50 not get the amount of You are ¥, one heirs d they should receive. an Expe ever faithful you appoint the New B Barnk to act in us freely at cl that the money sure of that rienced to this capac € Udsult 7 time. NATIONAL BANK | JUDD e ls) FOR THCS*' GIF1EE <«:MERCIAL TRUST CO. LOND DEPARTMENT. New rtatn, Oonn. DAL T QNG A R S JUDD W. 1. SLOPER D & C CONNECTICUT Telephone 1315—1816 ) ¥ U NITW BLYTAEN Local stocks OFFER: . L‘ g T New Membe = EAN KIN THE CITY il Member New York St Successor STREET, MAIN v R, u('(n ) Mer. ock Exchange to Richter & Co. NEW B vitnin DONALD R. o N.. X 1ANLFY \\ ORKS, Pfd. fim&% m_mn TAIN National Bank Felephone 2350 HART, Manager Stock Exchange Telephone Charter 8000 Member Hartford Stock change. EAGLE LOCK COMMON PFD. tion Accounts STANLEY WORK € on Ac Applic Marg vy iy The d Per Cent. W chase of this Stock ervative. r-a—n F‘-‘ rapid rate, Business More Normal While it Is true that buyers are likely to hold aloot for some time tonger, not only in the stock market but In varlous frade flelds where prices are unecrtain, the approach to- ward stabilffy and normality is be- more and more narked in The trade revival which in numerous quarters for next spring s fn fact already under way, ag is shown by the les ing of unemployment and the réports of de- efdedly bettar {raffic on the railways. There hag hoen much less unc in prices, Government inde 4 month, a6 just made pubile, sho commodities there re while commercial wn a moderate DOINGS OF Ti THEM'S THE ORDERS, ing that tfic sented were stable, indexes have boen 8h tendency to In Prospect of is ax Revision The Senate having at last passed the tax bill, that measure has gone to conference committee of the two house. It ig well understood that strong efiorts will be made to re- write the méastire in a form that will harmonize more closely with the promises of the campaign of last BUT | WANT STONS EE Pay T‘m @ui at $98.00 1 FIve, TEN FIFTE._N TWENTY, l TWENTY-FIVE! e 1 OH GEE, | DIDN'T KNOW IT=-THAT MUST BE HIS COV LOOK LIKE A autumn, Eepecially will it be at- tempted to éffect a curtailment of the S proposed rafe of surtax and to FRECKLES prove the section relating to excess ANA i profits taxes. The question whether a sales tax provislon may not he incor- ] poratad ‘|«.$ an ].'l"h‘"u‘wl u‘p n lssu . JANAYOW ANT 6t the dileima into Which €' MU~ TLL NT YA ANITH BYE" SJ phinged if6s1f By the Rock 1% T "‘W’; im- o ! way 6 \ congiess HAS WEEE Ma\u\lgv\ 5 kag mads in .i:,‘ wling i WANT To with the eFyasps L N el wRile £l | wlln ) PR f aphaeised an the | DA time £ the APRE CoRiarrer ity ner e Action jf, and 1 af i ARG N You | r bt the cousn Reserye ng ray oally throwghout status of F banks is now ‘((Y-H'Hv Not i of unassailab since the prewar per their reserve ratios g reflected such a thos ither lition of or cor fqnidity e 0 tn AND —-IS FR&E:.\DS [ MomS A CALuN‘ ) ( TAGALONG!! MARCH 1HTO ')‘ LOCKED IN TUE CLOSET FOR A M YOU NAU \ TREATING LITTLE RAY LIKE THAT= YOURE GOING MALF HOUR! TY, NAUGHTY BoY~ e A > Deposit Member Ce erbury anbury 20y KEQ I(H of Xew York JOHN P. nsolidated Stoc k Ixchange STOCKS BONDS Bridgeport New Haven Springfield cate Wire to New York and Boston toom 509, N, I Nat'l Baok Bldg.—Tel. 1012 onnecticut Trust Company Tartford, Conn. ,000,000.00 r'd f 1 and Pear] Streets, Surplus Funds 5, $5.00 and upwards 1t of Wstates, wills drawn without charge I to all parts of the world. n 51\;61 nge R HoX RS OF CREDIT — GENERAL BANKING ME TODAY AND THEY 1 COLLECTOR S ~— THE SKI1DS ! by m :zil. [t is safe and saves time. BY BLOSSER DUFF, PLEASE | NO CHANCE, LADY~ HE ISN'T SEEING ANY BODY ToDAY! WELL, MCM, AINT NOU AFRAID T MIGKT | SPCL You — |