New Britain Herald Newspaper, July 15, 1922, Page 9

SERIOUS FREIGHT CAR SHORTAGE * NEXT FALL EXPECTED BY BABSON [ | IPUTNAM & CO. | ‘Wellealey Hills, Masa, July 15.—[tive this fall than it has been at any During the past week, Roger W.|time this year. Fundamental statig- Babson has been in New York in|tlcs Indicate that the low point fin e to Richter & C consultation with important railwny|business will be reached this summer : e e v ol s R IR L interests, He has returned believing|Thus the raliroads will be taxed by i Y Y y r‘ v Tel. 2040 that a freight car shortage 18 inevit- | huuling raw materials in general and g il 9 able thig fall, and everything should [ manufactured products of all sorts." be done to prevent it, Concerning the Mr. Babson was then asked what - A same Mr. Babson states as follows effect such a congestion would have . Hundreds In Repair Shop upon dmmodity prices and securi- 9 4 WE OFFER: Members New York Stock Exchange Members Hartford Stock Exchange ‘“There are various events which In-[ties. To this he replied as follows: # % 4 dicate a serious congestion of freight| “Freight car congestion inevitably d . Ed C s Ck this fall. First there is a real short-|leads to higher prices. This {8 only % \ i BrOOklyn 1s0n 0-, lnc' 8 0 to age of equipment in good condition.|natural as prices are determined, not N s Throughout the war the equipment of | by costs, but by supply and demand. - This Company has paid 87 on its Common Stock since 1908, most rallroads was allowed to run “If a city naturally uses a0 car 3 L N Listed on the New York Stock Exchange, ¢ down. Little was done to repalr this|loads of potatoes a day, any day that g 5 Price to Yield 7.407;, equipment until this year, During the|there is a shortage of only twoe or ¢ past few months rallroads have bheen|three cars, the price of all the pota- \endeavoring to do five years repair|toes in that city &0€8 up. Another work in ofe, As a result a great|day when there is a surplus of only | many freight cars are either in the|two cars, the price of all the potatoes process of being repaired or are wait- | goes down. Price is not determined ing to be repaired. In wither case|by the total quangjty of a product ! they are out of service. It {s true|produced or consumed, but rather by 4 . ' l ’ ‘ that many of these cars wil! be back | that small percentage of surplus or J DD @ O in service by winter but they wlll not|shortage. A freight congestion this & . o be available by fall. This means that | fall would inevitably lead to a short- i & there are fewer cars avajlable today|age in certaln raw materials and mer. 'I'll R ‘bl P I \ MEMBERS HARTFORD STOCK EXCHANGE to-haul freight than are usually avail- | chandise in some localities. As a re. e espoml € eop € HARTFORD: Hartford-Conn. Trust Bldg., Tel. Charter 6330 e. g Dot somadidenl emopar: 1 1 * WV BRITAIN: 23 West Matn St.. Telephone 1815, “Usually the rallronds hau! their|ily strengthen in price at these points. Of thls Commlmlty are those H NEW e epl coal during the spring and summer. | Such a result is inevitable, S i e TR | - Ay SaOR. G0od Dnewiagy who Bank their Money WE OFFER AND RECOMMEND:— by the railroads during the suminer "Strongth’enlng commodity prices st v e b s b R T o HEY o0 i ol i o il 50 SHARES NEW BRITAIN mediate needs have been taken carve|[prices. The stock market usually dis- of. Yet only twp more months re-|counts rises in the commodity mar- ! . . main before people will be starting|ket. Thus a congestion of freight who'save and establish homes and take their part | GAS LIGHT CO. their furnace fires. On the assump- | might mean hoth advancing commo- . tion that the miners will soon be Lack | dity and security prices. Further- in the fomrd develoPment of the wmmunlty Au to-work this means that the railroads| more, in the case of a fraight conges- : : . § will be deluged with coal during the |tion, the railways should temporarily, are 1°°kmg forward toa fumre that s b‘gg"-’ th“n remainder of the year. livery avail-|at least, show very handsome earn- able car capable of hauling coal will |ings. Already the rallways are show- the prmnt. be pressed ipto service and the coal|ing very good earnings owing to the o 7. 7} tonnage should be very, very heavy. |high rates and reduced operating ex. Are you building constructively for the future? Are you Good Crops Expectend penses, notwithstanding the fact that A . “The outlook today fs for good|they are hauling very little freight putting aside regularly a part of the money you earn? crops this fall. At prevailing prices|If the time comes when the railroads & the farmers will want to sell their| will carry 100 per cent capacity, This institution offers you its cooperation. An Inter graln and move it at once. This|these earnings should be very large. means that the rallways will be called{ Large railroad earnings should tend est Paying Account with usisa convenient, safe and upon to move a tremendous amount | for higher prices for railroad securi- 9 2 ¢ of grain while they are attempting to|ties. A word to the wise is sufficient.” Profltable method by which you can build up a move the coal. There are factors| General business stands at 17 per L which lead one to believe that manu- | cent below normal the same as last financt&l reserve. facturing as a whole will be more ac- ! week. Start saving NOW; call today and make your first South Pacific .. 89% 891 8914 o P 71 3 We Offer: WALL STREET ST“GK o P TORRINGTON CO. Common Transoon O1I ... BIGELOW HARTFORD CARPET CO. Common " EX[;H AN[iE REP“RTS United Re St... 671 67 67 We Do Not Accept Margin Accounts U S Rubber.... 62 62 U . S Steel .... 99% 991 U § Steel ptd..120% Quotations furnished by Putnam |Utah Copper .. 65% 64% 65% ! TRUST CO. & Company. Willys Over ‘... 93 9 9 § GH |-Ga —4% 5. .inetlriey...D fr frrt g HEWBRITAIN Gy JOHN P. KEO! Am'Cin .,..... 56% 65% ' 561 ’ Am Car & Fdy.166 165 166 Member Consolidated Stock Exchange of New York A Lo oo s sle s 118 114% 115% sk anis i af PERSONALS OPEN TONIGHT 6 to 8 Yaterbury STOCKS , Brtgmet Am Tob ..Mz 2 142 Mr. and Mrs. R. A. Meyen of i GG M?ddletown BONDS Springfield 0% 907 | Am Wool ..... 81 90% S0%|Church street are visitng their| Direct Private Wire to New York and Boston Atch Top & S F.101% 101 101 day, 0 i ghters Mrs. C. Miron and Mrs. C 90 - ::né?xw‘&cvovpf :::2 Van Valkenburg of Chepachet, R. I. G. F. GROFF, Mgr.—Room 309, N. B. Natl Bank Bldg.—Tel. 1013 Dalawn Loco 130% 116K AN 40 N, Sulliven of, New, York elty, | | Balti & Ohio .. : "6% 4 is spending a few days with John TO WED NEXT WEEK |Henry Rittner, which will be per-\ The roadbed of the Niagara Gorge fucty Stoel B .. T8 163 . T84 | poriuna- of 118 Hart stheet. o 5 formed Saturday afternoon, July 22 at |railway is to be made a public high- Cen Leather ... 39 385 39 & Mr. and Mrs. John Thorstenson of |4 o'clock at the Stanley Memorial |way for automobiles and other Ches & Ohio ... 68% 68 8% | Mr. and Mra. George McGoldrick |49 Cherry street have announced the}"h"”“' Following the ceremony, a|vehicles. Chi Mil & S P.. 28% 2714 283 0 T of Cherry street are visiting Mrs. Mc- |marriage of their da reception will be held at the Norden o e R ‘g::lfézl;;:r& P ;g:: ;3:: Qfiifi Goldrick’s brother in Canton, O. Thora Elizabeth Tnor;:::,:e:; l:i‘:;}bunga]ow. to which a large number| Violin Yz;tsons at e]xgmd cr:ntsh;:Ich 9 5 — |of friends will be nvited. |are available at one London school. g::,:gl Cgs:’r.:: 15;;& 1;2.,/; Mrs. Gertrude Coombs of Black | | 104% 1043 |Rock avenue, will spend two months | Crucible Steel . 75 77 |With her mother, Mrs. Willlam H. | Cuba Cane Spg. 15% 16 |Denton of Brooklyn, N. Y. upon her | [Endlcolt-John 7 return from Point o' Woods beach. | Ere . 5 15% 16% | Erte 18t p % 23% o23s | Mrs. Hingal Ekwurtzel of Kelsey| . ® ° i | Gen Motors : 1 1‘;’: street and her sons and daughter, are n ‘Good;k:h (BF) ' 39,’4, spending their vacation at Short| omson, lirenn . Donald R. Hart, Mgr. ol NEW BRITAIN Hartford New Britaln Natipnal Bank Bldg. 10 Central Row Telephone 2580 Telephone 2-4141 Members Members Hartford Stock Exchange New York Btock Exchange | Gt Northern pfd beach. ‘}::f:;:?gncggp' 3% The Misses Winona Sandstrom and . & i ine. v New Britain, also Int Mer Marine. Elvera Bengston of Ne , a ° | Mer Mar pd. 3 Miss Florence White of Hartford, are t t S e b e e nvites You to Start a Savings Account Alon Pacific Ofl .... 56% 553 7 |at Lake Sunapee, N. H. They ex- R e e R e e With Hundreds of Others, Who Have Decided | Lack Steel ., Lehigh Val AUTO STRIKES CHILD. Mex Petrolruhnlx :15”‘4 57 2 An automobile driven by Felix Lut- to Put Away a Part of Their Earnings Regularly Midvale Steel .. 353 7 znski of 261 High street, struck Mico- Miss Pacific ... 22 A lena Puzzo, the two and one-half year N Y Central ... 96 old daughter of Santl Puzzo of 18| ° l Th o Pl e Greater Norow'a S fe® o 104 Byt st 10 ook s and Consistently. There is no Pleasur ’ Hiorthpacidofy, T % the corner of West Main and Brad- o TR ST I TR Than that of Seeing Such a Sum Grow, and You Penn R R .... 44 % 44 |moved to the New Britain General |fi BT AR ny LT ST Will be Surprised to See How Fast it Will Ac- ———— cumulate, Once You Do Start. And Best of all [ 3 [ (3 9 You Will Receive 41,% Interest. Will You Do It? THE GREAT MONEY- LENDER WITH A HEART 4 (3 We lend money to honest persons having steady employment. ? f t T Loans for sums needed up to $300, repayable in six to fifteen moathly H Y H d l n ? h | o h installments, as arranged to suit convenience of each borrower; legal | ave ou a our aca o el I rates charged on sum still due for time used; no charge unless loan B, S o e L e Why Not Plan to Open an Account Here at T o . e o 45 | the Trust Co. and Draw Your Money by Check. It is Far More Convenient, Lots Safer and at the Same Time -Beneficial Loan Society Room 104-5 87 W. Main St. New Britain Licensed by State Bank Commissioner. Members Legal Reiorm Bureau to Eliminate the Loan Shark Evil, N. Y. : | Identifies You with a Strong, . , Growing, Well Managed Bank:- The Hartford-Connecticut Trust Company | ing I 2lbition: Open Ve AG. Corner Mam and Pearl Streets, Hartford, Conn. apital $2,000,000.60. Surplus Funds $2,000,000.00 §| > o ?Sife Deposit Boxes, $5.00 and upwards. _ cou nt These Next Few Days. 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.