New Britain Herald Newspaper, February 11, 1922, Page 10

NEW EASTERN CENTRAL STA[ES WILL SEE BETTERMENT IN 1922 BABSON SAYS Continuing his personal survey of the busines the country, Roger W Babson, statistician and business vigor to 10,000 of the country's lead Ing executives, reports his findings on the central castern stutes as follows “New York, Philadelphia, Balti more and the other large cities, south of New England, prosper largely from three sources 1. Porelgn trade, the sale of goods {0 foreign countries even aithough the goods came from the interior the conntry 2. Jobbing, of merchandiss to §3 mutary territory 2. Investments, including the in terest received from stocks and bhonds together with the profits involved in purchuses and sales of securities “There is of course, a certain & mount of manufacturing in these citles — especially of garments and elothing, but they are not primarily industrial cities, Foreign trade for sometime to come. 1622, will show no Letter than Therefore we may expect very income from this source. ““The jobbers will hold their own in 1922 and should have an increase in orders. Although retailers are doing comparatively little business, yet their stocks are low, and they must buy a certain amount of goods whether they want to or not. If the retailers would that is the distribution taflers in the trl is severely crippled Cartainly 1921 little | | only cut prices further, which could be | done by a decrease in operating ex- penses, the jobbers would have good business in 1922 “The real improvement, however, which New York and these other cit- jes are to witness will come about through financial conditions. The bond business should be very good in 1922. The stock market should work upwards and there may be even an old fashioned hoom before the year comes to a close. Deals and con- solidations will be put through, divi- dends will be resumed and other things will happen which should en- hance the value of securities. Of course, no wealth is really produced by these increased prices, but they affect the prosperity on these cities. All stock market activity always brings money from the interior of the country into the cities and most of it fails to remain there. The small in- terior towns furnish the lambs; the cities do the shearing; and the wool remains in the cities to swell the bank clearings and be registered as pros- perity. The eastern cities will see ‘much more of this money in 1922 ' than they have seen for some years. “In a similar way the entire states of New York, Pennsylvania and those others in this eastern group prosper likewise. With the exception of steel cities which will find another quiet year in 1922, the rest of this eastern section should feel better. Agricul- turally these states simply feed their own cities with dairy products, vege- tables and some grain. The central part of New York has considerable manufacturing and most of these cities will fare better in 1922. The same is true of Pennsylvania and the other sections. “The electrical industry of Schen- cctady and Pittsburgh should soon begin to feel the good effects of easy money. Railroads and public utilities of various kinds are only waiting for low interest rates in order that they may sell bonds before giving large orders for electrical equipment. This |and | idly giving way to the sound and pa- unsettled conditions, true of the bullding promise to he very lively York city and excellent the state “The district as a commerce to feel this improvement ward the summer of bumness in other parts country will relieve New Philadelphia of some of unemployed who these centers in dull times. Musiness confidence the country § aver seems to be improving slowly iv preparation for the upturn which has to come later on, Mrantic optimism and futile hoping which marks the path of every husiness decline is rap The same trades, which in Now throvghout i whole will not the full ecect of unti! well on to The opening up of the York eity of the crowds drift 1o tient uttitude which invariably builds up the period of improvement, “The Babson report reflecting con ditions of all lines of industry and business, stands this week at 187 below normal, a drop of 1% from last week. Make your preparationg now for an increase in activity this com ing spring Granges, In India, 18 1557 miles long, and navigable for §50 miles, Financial News With a double holiday ahead and increasing dissatisfaction occasioned by prospective tax legislation today's brief session of the stock market was dull and uncertain of tone. &horts covered moderately in rails and some of the representative industrials but the general list particularly Jow priced miscellaneous fissues, denoted lack of interest. Prices rallied slightly in the final dealings on buy- ing of Mexican Pet. and People's Gas. The closing was irregular. Sales ap proximated 275,000 shares. Liberty issues and other active bonds showed nominal gains and losses. High . 34% Low 34% 36% 146% 20% 106 45% 65% Close 34y 36% 147 % 21 106 45% 66 Am Am Am Am Am Am Am Bt Sug Can &5 sonat Cr & Fdy..1471% Cot Ol Loco Sm & Re.. Bg Rf cm.. Hfd ¥ Colt's Lagle > North ed Am Am Am Am Sum Tob .. 24 117% 133 82 47% 97% 26% 101% 351 62% 1263 32Y 58% 19% 333 24% 117% 133% 825 47% 97% 26% 102% 36% 62% 126% 32% 5814 20 33% Atch To’) & S l‘ At GIf & W I, Bald Loco Balti & Ohio .. Beth Steel B Can Pac Cen Leath C Ches & Ohio ... Ch Ml & 8 P.. 2 Ch Rk I & P. Chile Cop Chino Cop .... Crn Prd Ref Cruc Steel Cub Cn Sug Endi John . Erie Erie 1st pfd Gen Elec Gen Mot ... Gt North pfd Insp Cop . Inter Con Int Con pfd Int Mr Mer . Lander Southern N I Am Hardware i lings liristol Trass A 1 Local Union Holds Last the Christjan Endeavor Unjon of N Rritain held a social sons were there tatives from the following churches Plainville Methodtat, gregational, al and the loeal Baptist, gregational, Stanley Memorial Congre- gational and Methodist The evening was spent In games of all sorts and refreshments were serv. best clal that has ever been held by Christian Tt Ten per cent of the cidents in the United States oceur at raflway 8 I'rary T Machine Niles- [ & Peck, St Hussell Seovill Mfg Ca Standard Serew Traut & Hine Unfon Mig Co Stanley Works . 3RITAIN LOCAL (1 NTOCKS utnam & Co,) id e Light Tel Epencer com & Pond com Judd W& Wilcox [N ENDEAVOR SOCIAL Most So Affair For Visitors night at the Center including Newington Congr fou was congidered the Iindeavor Union atal crossings. DAILY Ahout 100 pe represen Kensington Con auto ac- HERALD, SATURDAY, FEBRUARY 11, 1922 E S T ————— City Items Miss Mildred Gordon of West Hart :h)r | gave a splendid ropding on Wed nesday evening at the Hadassah meet Ing and social There was an un usually large attendance The pro m was arvanged by Anna It Siderowsky The Catholie will held Mary's at in the changed Kune Greenberg so of t rm oof Mille \ 1ua southery the oty [ when 0 " pre ty running | peet streets It was Ly the Oad I'ellows Olson plans to erect four the froant of the propert was made (hrough the 1istate ("o, Mattabessett Trihe, 1, ¢ meet Monday evening at when Arrowhead Tribe will exemplify the chie class of candidates \ and venisan will he T 800 Miss Daughters of America | a sociel and cake sale in St School hall Monday afternoon 2:30 o'clock Councilman Norman I, McKirdy 15 confined o his home with a slight liness, There mass at 7 o 1% 4% [Joseph's church for Enroe There was a month's mind mass at o'clock this morning in #. Mary's church for Patrick Hart A meeting of the Y. M. T. A & R, society will be held tomarrow after noon at 2:30 o'clock in the society's meeting hall on Lafayette streete A report will be gubmitted by the pool committee on the tournament an anniversary corn ‘lock this morning in 8t Mra. Charles Me requiem TATHER SUES FOR . Now A Seoks Iy Alleges D Wife, Chicago, Feh, 11 Joyee, hrother of J, 8t recently divorced from s a defendant in $500,000, Bdward 15, ¥ mobile dealer, alleges th taken his wife from him trying to get possession ¢ ter, “1 don't want Joyce's sald. T am perfectly wi any money 1 muy recove vation Army “Rut 1 do want my da my sole motive in filing to prevent Joyee, wife, Joyer, [ coessful | i church which I8 to be brought to a close next weex | John Pivi, aged 40 years, a local horse trader, is at the New Rritain General hospital, with a compound fracture of the jaw, He was kicked by a horse vesterday afternoon. The local lodge of lagles will play a return card tourncy series against the K. of (!, at the Eagles' headquar- ters next Monday evening. The score now stands in favor of the Hagles, they having bested their opponents in the first round played in the K. of . home on Franklin 8quare last Mon- day evening. The standing is as fol- lows: 45" K. of (', 101, Eagles 94; egation th Con- s0- the from alienating the my davghter, Only thi; received a letter from would indicate that he h in doing so to an The girl is in a school hands yes Pergy a damage who now Vosect n rday 10 1o Alex J v oand Olson reh to Pros merly owned fation. Mr tores on The deal Camp Iteal ), RM, will 40 o'clock, of Hartford degree on a dinner of served 500,000, fter ¥aking nughter, David inley Gage Joyee, Joyee, suit for an auto Joyce his and is now ot Nhis dangh- *h, at money,” he lling to give r to the Hal ughter. the And suit was has my affections of s morning 1 heér which a8 suceeeded arming degree,” in the last Th Ch e Liberty Bell will Ring Again with the ildren’s Savings! \\Q\\\\V\\N M \\Q \ PUTNAM & CO. ttember New York Stock Vixchange successor to Richter & ©o, 31 WEST MAIN STREET, NEW BRITAIN, STANLEY R, EDELY, Mgr, CONN. THL. 2040 We Offer EAGLE LOCK LANDERS, FRARY & CLARK STANLEY WORKS .mmL H. L. JUDD I, G, JUDD .1 SLOPER JUDD & CO. 235 WEST MAIN REET, NEW BRITAIN, CONNECTICUT Insestments, Local Stocks Telephone 18151816 We Offer: : 50 SHARES UNION MFKG. CO. Price on application <KW - ..-aamm.... homsan, Tenn & Co. NEW BRITAIN HARTFORD New Britain National Bank Bldg. 10 Central Row Telephone 2580 Telephone Charter £000 DONALD R. HART, Munager Mewiber Hartford Swock \[ornbcr N. Y. Stock Exchange Exchange. e Offer and Recommend “the Purchase of (ONQOL]D'\TED GAS ELECTRI(' LIGHT & POWER CO. of Baltimore, 8¢, Preferred Stock Price $110 and l-\t»‘ve\t——-m yield 7.270; EAR GS—mer seven tines dividend reguirements. BOOK VALUE—over $454 per share. MARKET—listed on Baltimore Stock Exchange. BUSINESS—founded over 100 years ago. POPULATION SERVED—over 775,000, FRANCHISE—unlimited as to time. Corapany does entire gas, elec- tric light and power busiress of Baltimore and environs. T b b We Do Not Accept Margin Accounts JOHN P. KEOGH Member Consolidated Stock Exchange of New York STCCKS Bridgeport Danbury New Haven Middletown BONDS Springfield Direct Private Wire to New York and Boston G. F. GROFF, Mgr.—Room N. B. Nat'l Bank Bldg.—Tel. Waterbury 1012 R, (ALY e O UNDREDS of boys and girls of this city are being made happy by receiving a Liberty Bell for their very OWN!! A Liberty Bell that is also a_unique home savings bank, Int Mr Mr pfd.. 70 Allis Chal .45y Pacifie Ol 467 is also true of the railroad equipment industry. . However, money rates 3 ble the railroads to buy. should ena T Niee 1t should be remembered that after New England, the next section to be hit by the depression of 1920-21 was this portion of the country of which 1 am writing today. For this very reason, however, New York, Pennsyl- vania and adjoining states will be the first to follow New ngland in her re- covery. Hence the outlook in these states will be fair. Sales opportuni- ties in these states will be better in 1922 than in 1921, They perhaps have not turned the corner, but they surely are turning the corner. “As to industrial conditions will say that the state of New York have the best statistics on employment of any state in the union. These show that in October, the last month for which we have figures, the total wage ex- penditure of the industries of New York was thirty-two per cent. lower than it was at the peak. The amount of employment was at about the same level as at the beginning of 1915, but the trend is definitely upward, and the decks are clear for an improve- ment during the year. Approximately the same situation prevails in Penn- sylvania. “Furthermore, in the women's clothing business, which is one of the largest interests of the state of New York, conditions are ripe for a substantial improvement, following upon more than a year of men's and The Hartford-Connecticut Trust Company Corner Main-and Pearl Streets, Hartford, Conn. 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 It is safe and saves time. Capital $2,000,000.00. Bauk by mail. “THE TRUTH” You, Mr. Reader, pay for your paper to read the News, the Views and the Advertisements. many Offers on this page you have not taken advantage of the opportunities which may save you many steps and con- Form the Habit of reading the Herald It is one way of combating The High siderable money. Classified Ads NOW. Cost of Living. Herald Want Ads Bring Results Only paper in New Britain whose circulation is audited. viees 12 Int Paper 4 Kelly Spring T'r 371 Kennecott Cop.. 27% Lackawan tSeel . 471 Tehigh Val A8 Y Mex ePtrol 11834 Midvale Steel .. 30 N Y Central ... 76% NYNHG&H.. 18 North Pac 79 Pure Oil ... 341 Pan Am P & T 53% Penn R R . . 35 Pierce Arrow .. 14% Pitts Coal Ray Con Cop Reading Rep I & ¢ vee Royal D, N Y e Sinclair Oil Ref South Pac South Rail Studebaker Co Tex C'o . . Texas & Pac ... 3% Tob Products .. 3 Trans Oil 10 TUnion Pac L129% United 1ruit 1341 U § Food Prod. 3ffi U B Indus Also 4415 178 Rub Co . 54 U 8 Steel ST Utah Copper .. 613 Willy Overland b 361 27% 471 585 "7 If you fail to read the You have o or ‘“daughter” for a long time. for in its base is a slot where coins of every denomination can be dropped and even a place provided where bills can be inserted. . intended, no doubt, starting a savings account. for Why not do this NOW, and take advantage of this opportunity to get your child a leerty Bell Bank? It can be placed on the mantle, handy to receive the odd nickels and dimes that will later provide the funds to make future hopes possible. Remember, there is no expense or red tape in connection with getting one of these home safes. only takes $1. out extra char Simply say, ‘I wish to open a Liberty Bell Savings Account.”’ Tt 00 or more to do so and a Liberty Bell Bank will be given you with- ge. & RS 2R BURRITT SAVINGS BANK Cor. 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OPEN MONDAY EVENINGS Investment Advice for Your Benefit HE purpose of our Investment Department is first of all to give sound advice. Whether or not you purcha.sc securities from us, we invite you to make use of our knowledge and experience in investment matters. We will always be glad to recom- mend safe, profitable secumities best suited to your needs. And we will also warn you when necessary against investments which are not desirable.