New Britain Herald Newspaper, February 18, 1922, Page 10

COTTON COUNTRY WILL SEE BUSINESS IN 1922, BABSON FEELS Continuing his persons' nurvey of Lusiness conditions of varlous parts of | the country Roger W. Dabson, omist, in this third exclusive | to the New Britain Herald outlines| conditions in the south as follows “Have traveled these last two weeks from Maryland to Florida and then westward through Georgia, Ala Lama and Mississippl. 1 left Wash ington in two feet of snow and arrived In Florida to find the roses hloomin and the trees laden with oranges Truly this is & wonderful country Although I have been to Europe many | times | fall to see why any American| has to go to Italy, France or any other| country to get fine climate. However, the purpose of this review is not toj eeon article | talk climate | “C'onditions are surely hetter in the South Atlantic states than they were a year ago. At that time it was truly pitiful to see the distress among the | rich and the poor. Like an epldemic the business depression when it struck the south, showed no favorit. | ism. Rich and poor, young and old were all hit together. Virginia, North (‘arolina, and northern Georgia show | more improvement than does the rest| of the south. The best cities for sales| are Richmond, Va., Greenhorg and| Charlotte, North Carolina; Charles town and Columbia, Sonth Carolina; Columbus, Aygusta and Atlanta, Georgia, Each one of them will show much better business in 1022 than 1921, Florida is not included in the| ahove list as—with the exception of | the northern part—there has heen no| real depression in Florida. TIf Flori da were in the western part of the| country 1 should say it will surely be bit by the depression wave gome time | within the next two years. But con- | sidering the fact that the present de pression started in the east and that| the south has already received its| blow, the southern part of | | | | | Florida may escape this time without heing hit. This, however, doesn’t mean that | Florida wi!l always be immune from | business depression. Some day there| will be a real estate collapse in Flo- | rida just as there has al vs been in | every state after a period of great| prosperity. Central and southern| Florida today, however, is one of the most prosperous sections of the coun- try. It is truly a wonderful state with | superb climate, a very strategic loca- tion, while its drained lands are won- derfully fertile. Florida would be, the Empire State of the Union, capable nfi feeding the entire country if its soil| were tilled efficiently. Why its peo-| ple fail to grasp their great oppor- tunity is beyond my comprehension. Miami some day will be a big cit Tampa has great commercial po: bilities and some large places will al- so develop in the center of the state. The center of Florida with its high al- titude, rolling country and vast quan- tity of lakes, lies almost unknown tol the average American. “When a statistician visits the south he comes to the conclusion that cotton is a weed and not a crop. Cotton| grows naturally and easily in the| | s0il must also he ‘stimulated BETTER outh ox a weed would north, If the tended to his work as does the 1he part of the country 1 weevil which iy fust mak ing the raising of cotton unprofitable may furn ont to he the south's bhest triend by forcing the southern planter to break up the land into small hold ings und diversify the crop “The south has many advantages the central west, It possesses great natural resources, such as coal and iron, unlimited water power, and splendid means of communieation, In addition the products will he in great er demand as the country hecomes more prosperons, The per capita W grow in th planter nortt todiy southern at ern farmer south would he the richest The b wer | consumption of wheat, the main pro. duet of the northern agricultural glates, does not increase mugh as the people hecome more prosperous. The demand for cotton, sugar, heef and legumes, inerease very much with the prosperity of the country. As the people hecome hetter off they eat more vegetables and less corn bread and bacon. Hence, the great oppor- tunity in the south'lies in diversified farming, breaking up the large tracts into small farms, the introduction of good stock, and the planting of more legumes, Statistics show that with the finest agricultural opportunitios in the country the south today does not even feed itself “I am especially Impressed with they religlon interest found in the sout This shows that there is a good moral foundation upon which to build. “It is debatable as to whether at present the negro is an asset or a lia bility. Some good European immi gration to feach him how to work efficiently and speed him up wonld help. “Besides stimulating the labor the by the much more liberal use of fertilizer, Just how the fertilizer industry of the south is very much depressed. 1 erti- lizer manufacturers need not worry, the fertilizer business will come back in good shape. ‘If space permitted I should also like to write of the wonderful foreign trade opportunities possessed hy' New Orleans, Mobile, Pensacola, Jackson- ville and” other southern seaports. Trade with Mexico and South Ameri ca is quiet now but some day this is to revive. At that time the south will greatly henefit. “Personally T am distinctly hullish on the south. The young man of the north I should advise to go south rather than west Certainly our South Atlantic states offer agricul- turally, industrially and commercially better opportunities to the young mian of today than do South America and I know South America. “The gradual steady rise in the stock market is reflecting an improv- ed morale in general business ci cles. The index number of the Bab- son report has risen points during the last week and business now stands at 16% below normal. Consic ng the extent of the readjnstment and the progress being made, things are going in a very orderly fashion. Financial News Wall Street—Stocks were dull and | uncertain of tone at the opening to- | day but soon developed activity and | strength on short covering in oils, equipments and shippings. Standard Oll of N. J. and Calfornia, Plerce Oil | pfd, Houston Oil and Mexican and | Pan-American pétroleums -rose one | to three points. American and Bald-| win lacomotives, American Car, Beth- | lehem Steel, Mercantile Marine pfd., ! : American Ship and Commerce, Cuba Cane Sugar Pfd., People's Gas and Colo. Fuel were 1 to almost 2 points higher. Rock Island featured the raus| rising two points. American Sumatra | Tobac. pfd., lost 13 points on suspen- | sion of the dividend and American Writing Paper pfd., was the weakest of the specialties. The closing was strong. Sales approximated 350,000 shares. High 399 Am Car & Fdy 147% Am Cotton Oil . 22 Am Loco ..... 1103 Am Smelt & Ref 46 Am Su Ref com 663 Am Sumatra Tob 25 Am Tel & Tel . 119% Am Wool 83 % Anaconda Cop 45 % Atch Top & S IV 071y At Gulf & W T 261¢ Baldwin T.oco . 106 Baltimore & O . 36 Béth Steel B.... 635 Canada Pacific 130 Centroi Leath Co 33 Chi, Mil & St P 20 Chi R Isl & P . 38% Chile Copper ... 16% Corn Prod Ref 103% Crucible Steel Cuba Cane Su Endicott-John Erie Erfe 1st pfd Gen Motors . Goodrich (BF) . Interboro Con ... Inter Con pfd Int Mer Mar Int Mer Mar pfd Allis-Chalmers Pacific Oil Int Nickel Int Paper Kelly Spring T . 3 Kennecott Cop Lack Steel Lehigh Valley Mex Petrol Midvale Steel Missoury Pacific N Y Central NYNH&H Norfolk & W North Pacific Pure Oil o) Yan Am P & T Penn R R Pieree Arrow Con Cop Reading Rep 1 & S Royai I, N. Y. Sinclair Oil Ref South Pacific South Rail Studebaker Co Texas Co . . Texas & Pacific Tobacco F'ro Trans OU Low 3914 Close 393 147% 29 10014 T 1914 541 183 4% 4y 61y 10 United Fruit .. United Retail 54 U § Food Pro .. 3% U § Indus Alco 44% U 8 Rubber Co . 64% U § Steel 91% U7 S Steel pfd . 116% Utah Cop 62 Willys Overland . 4% E 531% 31 44 53 905 1161% 61% 4% 138 53% 3% T 441 54% 90 7% 1165 61% 4% (Putnam & Co.) Bid . 160 122 155 22 16 24 hdle % 6 41 44 Asked Hfd Elec Light Southern N & Tel .. Am Hardware Billings & Spec com Bristol Brass Colt's Arms ... Eagle Lock Landers, N B Machine Niles-Be-Pond com North and Judd Peck, Stow & Wil . Russel Mfg Co .. Scovill Mfg Co Standard Screw Traut and Hine . Union Mfg Co ... Stanley Works . 43 29 98 35 42 47 The ostriches of South two. In Prizes —at— ELKS’ FAIR Feb. 17 to Feb, 27 BARDECK’S HALL Arch Street Tonight LYNCH’S ORCH. Featuring JAMES SULLIVAN with Vocal Selections Dance to Real Music Adm. 25¢, Tax Included HANDSOME CUP -TO- BEST DANCERS AT FOX'S MONDAY EVE. Union Pacific . 131 19 47 380 245 America have thiee tocs; those in Africa only SR IR TR S IN DAT City Items Miss sgnally at the by heing junior elass Norfolk ol president a graduate of Frances Holleran ot honored by State Normal v her mates her clected of the 8he is Gilhert High school The creditors of Nicholas benkrupt Lafayette street wHl meet at the office of Referee 1d ward N, Yeomans in Hartford for a araring, Monday morning at 11 velock, mu offering of twenty per| -=ent. whl he made Lawyer David Nair represents the hankrupt and ward Sealise is trustee of the estate Diecoration at Kiks' Falr furnished | by the Eddy-Awning & Decorating Co. | Advt i Max Zucker, of this city, has heen sned by Freedman and Ireedman, | Hartford lawyers, for the rocovery of | $500 alleged due on a judgment se- | cured against the New Britain Invest- ment Co, The action is returnable in the court of common pleas, Harttord, | on the first Tuesday in March. (or stable George A. Stark served pn in*the case yesterday. The local internal will be removed from guarters in the postoffice to the main corridor of the City Hall on Monday. Deputy Collector W, W. T. Squire, | some time ago, sought the permission of the mayor to use the corridor for an office and was waiting for authori- zation to move from headquarters. Lawyers David [, Dunn and Mau- rice W. Rosenberg, who have been practicing law in separate offices on Main street, will open a joint office in the old McClabe block about March 1. This office was formerly occupied by the Walsh, Meskill and Roche firm. Both will conduct separate offices, there being no partnership. Greetings cards at Ohrnstedts’, W. Main St.—advt. Leroy Philips of 187 Jerome street, was removed to the New Britain gen- eral hospital yesterday afternoon suf- fering from a strained back. He sus- tained the injury while at work in the Stanley Works, where he is employed as an assistant foreman. ‘Washington Birthday dance at Jr. O. U. A. M. hall, February 21. Chap- man's orchestra.—advt. Martha Washington council, Daugh- ters of America, will hold a meeting at the Junior O. 1. A, M. hall on Monday evening. An entertainment will be held following the business meeting. Miss Clarinda. Richards, who has been in the city for the past several weeks in the interests of the all-year ‘round playground movement, has re- turned to New York city. Meet me at Schmarr's for dinner. —advt. A meeting of Rev. W. A. Harty branch, A. O. H., was held last night in K. of C. hall. Five candidates were initiated. revenue office the present| More earthquakes occut in Ttaly and Japan than in all other countries combined. Liberty cou wai too Dk SRUARY 18, 1922. Metallie potassium will flame up [ poured on It when water is TLARK‘S CRUISES by C.P.R, 8T Clark's 3vd Cruise, January 23, 1923 ROUND THE WORLD Suparb 89 “EMPRESS of FRANCE S cirass Tons, Speainlly Chartered 4 MONTHS CRUISE, $1000 and up Tncluding Hotels, Fees, Drives, Guides, etc Clark's 19th Cvnhk’lbmn 3 ST, “RMPR i S« Tans. Specially Chartered DAYS CR Tapan has 600 theaters giving regu lar mon e e | ENTER DANCE CONTEST AT FOX MONDAY EVE. 00 and up s, Drives, Guides, etc. pain, Italy, Greece, etc o allowed on both cruises. rope and Passion Play Partier, 3400 up 10 Congress St., Boston FOX'S—THIS SUNDAY ONLY The Only 'Original “TEN NIGHTS IN A BARROON PLAYED THE 1OLL CIRCUIT Have you money to invest? expert detects the risky : N A features of investments which to the inexperienced may seem perfectly safe. If you are thinking of investing money, let us give you the benefit of our knowledge and experience. ‘P THE COMMERC ) TRUST CO. | - "[wammnru" M_—M RING 1IT'AGAIN ‘“1,4 YOUR S‘V'ng Wouldn’t You like one of These ell Banks? are giving one to each new customer who opens up a new ac- nt with $1.00 or more.. Come in and start your savings. Don’t t. Get one of these before it’s late It's 4149 interest too Burritt Savings Ban [ OPEN SATURDAY NIGHTS 7:TO 8 O'CLOCK PUTNAM & CO. Member New York Stock Exchange successor ta Richter & ©o, " 31 WEST MAIN STREET, NEW BRITAIN, CONN. STANLEY R, EDLY, Mgr. TLEL. 2040 We Offer PENN. POWER & LIGHT 79 PFD. TO YIELD 7:30%. CONN. LIGHT & POWER 8% PFD.’ TO YIELD 7:309%. STANLEY WORKS 79 PFD. TO YIELD 6.25%. H. L.'JUDD 1. G, JUDD W. T. SLOPER JUDD & CO. T, NEW BRITAIN, CONNECTICUT Telephone 1815—1816 23 WEST MAIN STRE Investments, Local Stocks We Offer’ 50 SHARES UNION MFG. C Price on application ST T W X AR NEW BRITAIN HARTFORD New Britain National Bank Bldg. Telephone 2580 DONALD R. HART, Munager Member N. Y. Stock Exchange Telephone Cl Mecriber Hartford Swock Lxchange. We Offer: TANLEY WORKS PFD. Price on Application. JO Member Consolidated Stock Exchange of New York STOCKS Bridgeport Danbury T New Haven Middletown BONDS - Springfield Dircct Private Wire to New York and Boston G. ¥. GROFF, Mgr.—Raom 509, N. B. Nat'l Bank Bldg.—Tel. 1012 Waterbury The Hartford-Connecticut Trust Company Corner Main and Peaxl 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 BANKIN Bank by mail. It is safe and saves time. YOUR BUILDING FUND Have you considered starting a fund for a home? We encourage such a fund, believing that it makes the de- positor thrifty, happy and prosperous. 4% Interest Paid on Savings Accounts. All Deposits in this Bank are under U. S. Government Supervision. New BriTAIN NATIONAL BANK Savings Ban 178 MAIN STREET BRITAIN, CONN. : \ NEW Eistablished 1862 Savings Bank, organized under the laws of the )iy examined Ly the Bank Commis- 1ted by the conservative laws of this 1 for the henefit and protection or its This is a- Mutual State of Connecticut, periodic sioner, and its investments regule state,—its entire assets being helc Depositors only. rplus (Look vglue) rplus (market value) .. >er Cent, All deposits are receiving 4! DIRECTORS . Smith . Anderson . Moore Parker Parsons OFFICERS I5. H. Davison, Chairman of the Board (. ¥. Smith, Vice-President . B. Oldershaw, Assistant Treasurer and Secretary Saturdays—9 A. M. to 12 M. 30 to 9 Interest. Minor McDonough Russell T.ues Hart . B. Oldershaw H. D. Humphrey 1. . Davison 1. N. Stanley G. W. Traut 1. D. Noah T B, H. 8. I, N. Stanley, President Noah Lucas, Treasurer Open 9 A. M. to 4 P M. Monday Evenings— FOX’S—THIS SUNDAY ONLY The Only Original «TEN NIGHTS IN A BARROOM” 5D THE POLI CIRCUIT