New Britain Herald Newspaper, February 4, 1922, Page 14

14 BOARD OF FINANCE NEW ENGLAND INDUSTRIAL SITUATION HEARS ESTINATES Health, Charity and Water Depts. Present Budgets Appearing before the hoard of fi- pance and taxation on hehalf of the charlty board, Chalrman Joseph R. Andrews presented a budget last night calling for § 3 The de- partment was allowed $68,852 last year. Already $98,671.24 has been spent and $13,600.73 more will be needed, Health Board $35,000 Chairman Frank Zwick and Super- intendent Fred Lee represented the health board, This commission secks appropriations totalling $35,000, This year's allowance was $31,060 and $22,112.97 of that amount has been spent while $8,079.03 more will be requirad for this flscal year. Chairman Willlam B. Rossberg presented the budget of the board of water commissioners. A total of $168,150 is asked. The budget orig- fnally submitted to the board of fi- pance and taxation showed a figure of $163,180, Chairman Rossberg ex- plained that an item of $5,000 for the sinking fund was not included there- in. Charity Dept. $97,736.80. Explaining the budget of the char- ity board, Chairman Andrews said the repair item has been overdrawn sev- eral hundred dollars this year. A sum of $1,100 was allowed and $2,- 107.46 was spent. Next year it is hoped to secure $1,500 in that ac- count. In the outside poor item, $19,000 was appropriated, $47,862.63 was spent and $5,500 more will be need- ed. This year $35,000 is asked. Commissioner John F. Di Nonno asked the chairman if he had heard reports that Spaniards were selling the flour that was being given them by the charity board. The chairman réplied that some cases were report- ed where the undeserving were re- ceiving ald but upon being traced the guilty parties were taken off the charity list at once. Changes in Personnel. The chairman informed the board of changes in the department which he felt were beneficial, being the se- lection of a superintendent for the department and for the Town Home. He took occasion to compliment Miss Susan Roth, assistant departmental superintendent, for her efficient work. The other clerks, he said, were also giving very satWfactory service. The item of office expense which this year was placed at $400, but which will be exceeded to the amount of $100, is asked to be increased to $000. This increase will allow of the purchase of a new typewriter and an adding machine, both of which are badly needed. Mayor Curtis and Sup- erintendent Cowlishaw told the board of the great need of the latter, re- ports having been held up for several days at times on account of the need for a machine. ‘Want Another Nurse. Dr. Lee told the board the reasons why it is proposed to create a new position in the health department. that of communicable disease nurse. At the present time quarantining is being done by a sanitary inspector, who also gives instructions as to the care of the disease. This instruc- tion, the doctor asserted, should be handed out by someone specially trained. In many cases where a mother is the sole support of the family, an filness of one of the children obliges her to remain away from her work. This would be prevented under the department’s plan. Supt. Lee felt that if the department had such a nurse last year the Goodrich case in Barnes- dale would not have occurred. Discusses Hospital. When Dr. Zwick told the board that there are more patients than help at the isolation hospital which is more than can be said of the general hos- pital, Mayor Curtis asked him if he was not mistaken. The doctor assur- ed him that he was not. Dr. Zwick explained the item of $6,000 for a dental clinic. Of this amount $3,900 is for three hygienists, $1,300 for a part time dentist and $800 for material. Already 5,036 children have been examined. Of this number, 800 had decayed teeth. Six cavities to a mouth were discovered. Dr. Zwick complimented the city upon the excellence of its mental educa- tion, but stated that health education is not what it should be. Teach Three “R's"—Kchoe. Commissioner T. H. Kehoe felt that there are already too many fads in the schools and that the three “R'8" are being sidetracked. He felt home was the place for teaching care of the teeth. Commissioner D. L. Dunn asked if a saving would be effected by trans- ferring health work now done by the school board to the health depart- ment. Dr. Zwick did not feel there would be a saving, but was of the opinion that more satisfactory work would result. Dr. Zwick and Dr. Lee agreed that the school board would object to such a transfer. RECEIVER IS NAMED Attorney I. I. Rachlin Appointed For Interests of Katherine Herpst Lawyer Irving L. Rachin has been appointed receiver of the property of Katherine Herpst of Milk and Lawlor streets. Action was taken upon a motlon by Attorney W. M. Green- steln by Judge Benjamin ‘W. Alling in connection with a foreclosure ac- tion on a mortgage of $3,935 brought by Issac Wexler. The party defen- dants are Antoni Tyba, Szczepan Nowlc and Joseph Healey. The suit is for alleged default of payment of dues on the mortgage. Attorney Harry H. Milkowitz is counsel for the defendant and Attorney Joseph Don- ovan is representing the plaintiff. —FOX’'S— Starting Sun., Mon.. Tues,, & Wed. ‘SATURDAY NIGHT’ Cecil B. De Mille’s Best - N DAII BABSON GIVES COMPLETE SURVEY OF Roger W. Babson i personally making an inspection trip to all the great production sections of the Unit ed States. He first tours the south-- then the central west—and tinally the Facific coast As he left New Eng land this week, he issued the follow ing statement: “The present depression started two years ago in the states of Connect cut and Mississippl, From these two states the depression area spread over New England and the south, The south 1 will treat later during my visit there, I.et me now, however, cover the New England situation, “Most of the industries of England profited by the war, though many employers were oblipes: to pay out in taxes the bulk of theg profits, yet the wage workers had abnormally large amount to spéua upon food, clothing and luxuries, New Ingland also was a great purchaser of Liberty bonds. These provided a great latent buying power which serv- ed as a reserve, Hence the retail trade of Boston, Providence, Spring- tield, Portland, Manchester, Hartford and New Haven has not suffered as have the cities in the west. Figures suggest that where the retail trade of the entire United States fell 189, Ne= INCREASE CAPITAL STOCK United Milk Corporation Votes For Enlargement—Ofticers Elected. An increase in the capital stock of the United Milk Corporation was voted at a meeting last evening and from a capital of $21,000 it was made to $50,000. Officers were also elected and are as follows: President, Joseph J. Trachtenroth; vice-president, Carl Landwehr; secretary, Jacob Sicklick, and treasurer, Joseph Landwehr. Financial News The short interest in the market had another anxious time today the brief trading period being attended by further active buying of equipment, oils, motors and numerous specialties. Baldwin, American and Lima locpmo- tives, Pullman, Westinghouse, Rail- way Steel Spring, Pressed Steel Car, Mexican Pet.,, Royal Dutch, Standard 0il of N. J.,, General Asphalt com- mon and pfd., Studebaker, Chandler, Mercantile Marine pfd, American Ice, American Tobacco and Famous Play- ers were prominent in the extreme gains of 1 to 4 points. Rails gave ear- ly promise of extending their recent advances but interest in that quarter | waned later. The closing was strong. | Sales approximated 450,000 shares. An easier tone was shown by Liberty is- | sues but other bonds were firm. High Low Close Bt Sug ..... 351 35% Can ....... 88% 37% Cr & y..146% 14634 Cot Oil .... 20% 20 Loco ......108% 107% Sm & Re.. 46% 4615 Sg Rf cm.. 67 667% Sum Tob .. 29% 28% Tel & Tel..118Y% 118% Am Tob . 137% 136 Am Wool . 831 8214 Ana Cop 49 48% Atch Tp & S F.. 96% 96 1% At GIf & W I.. 27% 2T% Lald Loco .....102% 98% Lalti & Ohio .. 34% 34% Beth Steel B 613 Can Pac 125 Cen Leath Co .. 32% Ches & O .... 56% Ch Ml & 8 P.. 18% Ch Rk I & P.. 32% Chile Cop ..... 17 Chino Cop ... 26 % Cn Prd Ref.. Cru Steel ... Cub Cn Sug . Endi Johnson Erie Srie 1st pfd Gen Elec ... Gen Mot .... Gt Nth pfd . Insp Cop ... Inter Con .. Int Con pfd . Int Mr Mer Int Mr Mr pfd Allis Chal Pacific Oil .. Int Nickel .. Int Paper Kel Spg Tire Kenn Cop .. Lack Steel Lehigh Val . Mex Pet .. Mid Steel . Miss Pac . N Y Cen . NYNHG&H Nth Pac . Pure Ool . . Pan Am P & T. Penn R R Pierce Arrow Ray Con Cop Reading Rep I & 5 Royal D, N Y.. Sin Oil Ref South Pac South Rail Stude Co . Texas Co .. Tex & Pac Tob Prod Trans Oil Union Pac United Fruit . Unit Re St 8 Fd Prd U 8 Ind Alco. U 8 Rub Co. 55 U S Steel .. « 81y 86 % U 8 Steel pfd..115% 1156% Utah Cop .. . 631% 63 Willys Over . 5% 5% Nat Lead 9% 1% Am Am Am Am Am Am Am Am Am 108% 46% 32% 17% 26% 104% 62% 10 82 9% 13% 46Y 46% 12% 50 38 28% 463 59 114% 30 18% 5% 17%, 78 35% 521 34% 153 14% 3% 521 50 % 20 8214 181 917% 45% 20% 63% 9% 129 135 5514 6% 449 55 871% 115% 63% 5 91% . 69 116% . 30% 183 5% 17 Y 114% .135% 55% h% 44% 134% 56% 5% 4"y 556 Asked 166 126 295 158 24 17 25 57 55 10 47 47 30 Bid 163 125 200 165 21 15 24 Hfd Elec Light ... Southern N E Tel American Brass . Am Hardware Billings & Spencercom. Bristol Brass Colt's Arms . Kagle Lock 55 anders, I and vive B2Y N B Machine Co . 7 Niles-Be-Pond com 45 North and Judd 1 Peck, Stow and Wilcox 27 Russell Mfg Co . Scovill Mfg Co Standard Screw Traut and Hine . Union Mfg Co ....... Stanley Works ...... . 370 238 35 47 in 1921, compared with 1820, New Kngland retallers have suffered a de cline of only ahout This, how over, applies only to retail trade, not to industrial plants, “The manufacturers of New KEng- land were very severely hit in 1020, In many industries this continued throughout 1921, those engaged in the manufacture of war supplies were ah- solutely flat, The machine tool peo- ple have been running about 3060 capacity, Boots and shoes have been dull, especially in the strongly union- ized sections such as Lynn and DBroc- ton, The paper industry also slump- ed, Holyoke and western Massachu- 1%, & setts In general has been in bad shape, “The fisheries of Gloucester, Port- land and Boston have suffered severe- ly. This includes the sardine pack- ing industry of Maine located in Eastport, Lubec, Machiasport and Relfast. The agricultural sections al- #0 had misfortune, Although Maine produced a wonderful potato crop, yet the demand was so poor and the frelght rates so high that the “Aroos- took' growers received very little for their labors. So, taken all in all the real producers of New England, whether shoes or tools, fish or pota- toes, have had two bad years. The only bright spots were those sections where the woolen industry predom- inates. Hence, Lowell, Mass, has been the banner city during this try- ing period. “We have had at Wellesley Hills, a department which devotes its exclu- sive time to hunting for sales oppor- tunities. This department watches every section of the country as =n hound would scent for rabbits. This is for the purpose of helping the manufacturers to find the easiest market for their goods. While writ- ing this survey of New England I called upon these experts for their opinion on the situation. Hert is THE BIG FURNITURE STORE surc and call. Be sure and get yours. Our Sewing Machine Manager—Mr. Mr. W. C. Fllis, “Silk Artist” and Expert, will be with Mr. Ellis stitches your name with beautiful Star Twist on “The Free” Sewing Machine. “No charge.” their anaylsis: “Progress haps be slowest In such citles as Bridgeport, New Haven, Waterbury and Wilmington, where shipbuilding, brass and other metal products are fundamental, Localities, Important in the production of textiles and ap- parel will awverage best throughout the year, In this class would come Lowell, Fall River, New Bedford, Erocton, Troy, Rochester, dllentown, Philadelphia and a few others, “Today, statistically, Lawrence, Mass,, with a population of 95,000 shows 129, above normal, while Lowell, Mass, and Manchester, N, H,, shows 6% above normal, Yet the corner has turned in New England, New England will show up distinctly better in 1922 than in 1020 or 1921, Even the fisheries will show an im- provement, “A study of business cycles shows that the well-to-do are the first to economize and the first to resume buying. The masses are the last to economize and the last to get on their teet again. New England is the great summer playground of the United will per QLM HIIRGRINGAITI O RGAN IZED 1860 [ 62 YEARS OF PROGRESS The New Britain National Bank has a record of 62 years of progress. Its growing resources and expanding facil- ities make it a desirable depository for your funds. OPEN MONDAY EVENINGS / HERALD, SATURDAY, FEBRUARY 4, 1922, e Btates. It is the most populr tion of the country for summer houses, va catlons and conventions, As the well-to-do largely make up the group which enjoy these privileges, New England has suffered during the past two summers, 1022, however, fore tells better summer conditions for New England. Hotels and cottages are already booking up for the com- ing summer and is headed for better conditions, Yea, New England has turned the corner. Any manufactur- er who does not sell more in New England during 1922 should overhaul his sales force. “General business throughout the country is still following the hum- drum sidewlse movements character- {stie of this season of the year. The index of the Babson report shows general business 17 helow normal, the same as last week. This month ordinarily marks the low point in the geasonal movements, March will re- flect n'quk‘kfnlng, (All publication and radio rights strictly reserved) Next week — Central Eastern States. i [N e e TR New BriTAaiN NATIONAL BANK [T Our February Club Sale and Demonstration of Sewing Machines (WILL CONTINUE ALL NEXT WEEK) All Our Sewing Machines Fully €uaranteed. We allow you from $10 to $30 for your Sewing Machine if yon buy the Frce—At this Special Sale. JOHN A. ANDREWS & CO. 132 MAIN STREET, NEW BRITAIN J. C. Witting—gives you his personal attention. s during this February Reduction Sale. Be Ringing the Liberty Bell NOW means YOUR independence in future years. ‘Bell Bank with bank all in one. be inserted. Patriotism. THEIR independence and Let Your Children Ring the Old Liberty Bell! UST as the ringing of the Old Liberty Bell on July 4, 1776, meant Liberty, Freedom and Happiness “‘to all inhabitants throughout the land,”’ so will the “‘ringing’’ of the Liberty of your children NOW, mean ppiness in years to come. the savinis a The Liberty Bell Bank is a miniature Liberty Bell and savings In its base is a slot where coins of every denomi- nation can be dropped and even a place provided where bills can The Liberty Bell Bank teaches both Thrift and It will make your children BETTER Americans, BETTER citizens, and will help your boy or girl to acquire the splendid habit of SAVING at the time when most habits are formed—in youth. . This bank wants every boy and girl to have ‘a Liberty Bell Bank. make the procuring of one so easy that no child need be disappointed. opening a savings account here with $1.00 or more, we will be glad to give you a Liberty Bell'Bank without extra charge. BURRITT SAVINGS BANK "Cor. Church and Main Streets We want to By simply Member New York Stock Exchange successor to Richter & ©o 31 WEST MAIN STREET, NEW BRITAIN, CONN. STANLEY R, EDLY, Mgr. L. PENNSYLVANIA POWER & LIGHT CO. 7% Preferred Stock and Octohei 1st and light to 108 Dividends January, April, July This company supplies electric power & 0 communities and gas to 13 cities and towns in eastern F enn- sylvania, serving a total population of over 600,000. The territory served extends from Bethlehem and Allentown on the East, westward through the heart of the apthraclte coal district to the industrial and agricultural section along the Susquehanna River. The company’s electric generating plants are modern, up-to-date, and have a present installed capacity of 133,{)()() h. p. All electric properties are inter-connected by high voltage transmission lines aggregating 377 miles in length. Earnings are at the rate of two and one-half times an- nual dividend requirements, The company is under the supervision and management of the Electric Bond & Share Co. We recommend this stock for investment. Price and circular on application. H. L. JUDD F. G. JUDD W. T. SLOPER JUDD & CO. 23 WEST MAIN STREET, NEW BRITAIN, CON ICUT Investmonts, Local Stocks Telcphone fi815—1816 We Offer: ‘100 SHARES STANLEY WORKS, Preferred Price on application. Temn & o, HARTFORD 10 Central Row Telephone Charter £000 Mecriber Hartford Stock Exchange. jomson, NEW BRITAIN New Britain National Bank Bldg. Telephone 2580 DONALD R. HART, Manager Mcmber N. Y. Stock Exchange We Offer ANLEY WORKS. COMMON and LANDERS, FRARY & CLARK We Do Not Accept Margin Accounts I nL3 Jiie JOHN P. KEOGH Member Consolidated Stock Exchange of New York STOCKS Bridgeport Danbury New Haven Middletown BONDS Springfield Direct Private Wire to New York and Boston G. ¥. GROFF, Mgr.—Room 509, N. B. Nat'l Bank Bldg.—Tel. 1012 Waterbury Hartford-Connecticut Trust Company Corner Main and Pearl Streets, Hartford, Conn. Capital $2,000,000.00. Surplus Funds $2,000,000.00 Safe Deposit Boxes, $5.00 and upwards. Settlement of Estates. Foreign Exchange to all parts of the world. LETTERS OF CREDIT — GENERAL BANKING Bank by mail. It is safe and saves time. he Fortunes grow from small beginnings OR every person who AL gets rich quickly, there are hundreds who reach financial independenceas a result of systematic saving. You can open an Interest Paying Saving Account at this bank ) TRUSTED. @