New Britain Herald Newspaper, July 22, 1922, Page 3

AUTG DEALERSIN *CITY DOING WELL Some Are Unable to Guarantes Delinite Delivery The past spring and present sum. mer has been a banner season for automobile salesmen in both used and new cars, and also for firms doing business in automobile accessories. The signs of business revival all over the country have had a big part in stimulating the automobile trade and from early spring to the present time practically every automoblle dealer in the city has been flooded with requests for demonstration and, what is more to the point, from a business point of view, has had hit reasonable share of sales., Not only ere the cheaper priced cars greatly in demand, but also there is a big de- mand for high priced cars, The used car market is also good and dealers and second hand men who handle these machines report a brisk busl- ness; - Varlous agencles have entered into the cayses for the boom in automo- bile sales, but probably none more than the genuine desire of the indi- vidual to have a car for the pleasure of himself and family. Where there's a will there's a way, and to this end the dealers themselves are co-operat. ing with the public. So far ahead of production is- the demand for. auto- mobiles that, in many cases, dealers are unable to positively guarantee car delivery at a specific date. The tire market {s exceptionally good and as the prices of all high grade tires are lower than they have been for years, this is an added In- ducement for car sales. A canvass of the various automo-| bile agencles in this city, including all kinds of machines from the lowest to the most high priced, shows busi- ness to be excellent. Every dealer gets his share of the trade and as good as has been business thus far, they are unanimous in predicting that the later summer months and fall months will see not only a continued brisk business, but also an increase. While a majority of the cars that are being sold are of the touring or runabout type, there is a marked in- crease in the number of sedans and coupes that are being sold for all weather usage. The touring car, with a detachable winter top, 1is also greatly in demand, dealers say. THE DURANT A GOOD CAR “When you talk about the million and a half of new cars that will be raade and sold this year, it seems as though you were talking about quite 2 large affair,”” says A. G. Hawker, lo- cal.Durant agent. { “But,” continued Mr. Hawker, ‘“‘stop a moment and think of the ten mil- lions who are already steering their touring cars, roadsters, sedans, and coupes around the highways. The car cowner is and will continue to be the big customer for everybody in the automobile business. “He Mins Yor cover to the dealer who sold- him his car, for he knows that nobody else. has the same vital ir.terest. in the performance of the car he drives. ‘*This is bringing a new and better NEW BRITAIN DAILY HERALD, SATURDAY, TIME OPPORTUNE TO FLOOD MARKET WITH CITY BONDS, BABSON ASSERTS Wellesley Hills, Mass, July 21. While discussing the opportunities in the present hond market, Roger W. Babson, the statisticlan, today made the following statement regarding the future of municipal issues: Effoct of War ‘““The past few years,' says Mr, Babson, ‘“have been hard for cities and towns desiring to borrow money, During the war an unwritten ban was placed upon municipal borrowing and unnecessary public bullding. Directly after the war money was scarce and rates were high. It has only been within the last few months that cities and towns have been able to secure what money they have desired at a fair rate. Municipal fathers, contrac- tors, and investors are now wonder- ing whether the present decline in rates is temporary or will extend over several years. “‘Study of the situation leads me to belleve that the present decline in in- terest rates will continue and that citles and towns will be able to bor- row freely during the next few years, It even looks as if city fathers will soon be solicited by bond houses for fesues to sell. Up to the present time city officlals have been obliged to hunt up banks to buy their securities. The time will soon come when the bankers will be sending buyers throughout the country to hunt up bond issues that they can sell. The next few years will see a scramble for bonds on the part of the dealers far greater than any previous scramble for money on the part of the citles und towns. The law of business cy- cles still operates. As we have had years of advancing interest rates we will have years of declining interest rates. Moreover, these cycles cannot be suspended or changed any more than we can suspend or change the tides of the ocean. May Drop to 21 Per Cent “In addition to the law of business cycles, the tax stiuation is very much in favor of municipal borrowing. Be- fore the days of income taxes and sur-taxes, bonds of our bhest cities sold on a 31 per cent basis, and even better. Now, when wealthy men are obliged to pay sur-taxes of from 30 per cent to 60 per cent, these tax exempt honds of cities and towns should be In great demand, Some of my assoclates even state that many of these honds may go up until they are on a 214 per cent basls, or less. Of course, this also applies to the government bonds, although the gov- ernment bonds are rather short time and therefore not so attractive to the Investor, Citles and towns will tem- porarily be greatly benefited in their borrowing by any amendment to the constitution making all bonds taxable, 1f such a legislation is attempted, there naturally will be a lot of tax exempt bonds put on the market just preceding such legislation. Some feel that such a flood of securities would depress the price, but others believe that if they are to be the last of tax exempt securities, the market will ab- sorb easily all they offer. Whichever Is the case, cities and towns will have no difficulty in disposing of their se- curities during the next few years, and the interest rates should steadily and continually decline. Advice to Cities "“This means that unicipalities should immediately adopt civic plan- ning schemes,”” coxtinued Mr. Bab- son, “and probably shsuld make dur- ing the next five years, sxch improve- ments as they ordinarily weuld make in ten. The time to make hay is while the sun shines and the time to borrow money on long term loans is when money rates are low. Hence, cities and towns should not only bor- row during the next few years for their current needs but should borrow large sums and invest the same for use for years to come, especlally dur- ing the next period of unemployment. “If cities operated in a business way they would borrow their money at times like the present, stow it away, and then spend it when the next per- fod if unemployment comes. By spending it at such times, they not only could get the -work done very much cheaper, but they could per- form a distinct service to the people of the community. The general cus- 4-Cylinder Making Certain That You Will Be Satisfied automobile dealer into the world. To- day the good dealer not only sells satisfactory performance when he sells a car, but he backs this assurance by the necessary investment in shop equipment, stocks of parts, accessor- fes, and other things that his car cus- tomer may need later. TURKEY INPROVING Government Trying to Better City and Even Prisoners Are Urged to Write National Poetry. Angora, Asia Minor, July 22.—The eapital of the Turkish Nationalist gov- ernment, Angora, also the headquar- ters of Mustapha Kemal Pasha, the Nationalist leader, is ambitious to be- come a modern city and has embarked upon a program of extensive improve- ments. The present park is to be enlarged and made into a public garden; a boulevard will be constructed from Parllament House past the Prefecture and the Bolshevik embassy, and roads are to be repaired and kept spotlessly clean. A large fountain typifying Na- tionalist Turkey will be erected in the square facing the parhament build- ing. An interesting novelty is that all shop signs are to be of the same size. In the Angora prison there are now 105 criminals. Notebooks and slates have been distributed among them so that they may learn to write national- ist poetry. The government is taking measures to establish tailoring, book- making and other workshops for the prisoners in the 400 gaols of Anatolla. 1,000 Guardsmen Await Assignment at Mines Pittsburgh, July 22.—More thant 1,000 National Guardsmen are . in southwestern and central Pennsyl- vania coal fields ready to be assigned to strategic points when coal operators attempt resymption of mining activi- ties in compliance with President Harding's order and under Governor Willjam C. Sproul's promise of full | protection. SEED LODGES IN EAR. Boy Was Too Vigorous in Attack on Slice of Watermelon. New Haven, July 22—When Sam- uel Friedler, ten years old, of this city, was given a julcy slice of watermelon as a treat last night he dug in with such enthusiasm, it is said, that in some mysterious way a seed lodged in his ear. Samuel tried to remove it, but only succeeded in pushing the seed in deeper. He was taken to New Haven rospital, where physicians hope to remove the seed without operating. Potatoes retain most of their food value when steamed; whe+* prepared the usual way 30 per cen' of their value is lost. When you go shopping for a new automobile, what you are really seeking is not so much a car, as satisfactory car perform- ance—pleasant miles of economical transportation. You examine different makes and different models, but always vou are thinking, “How can I be.sure that I will be satisfied?” The assurance of satisfaction in ownership must come from the dealer who sells you the car. .He is the one who is locally respon- sible for the performance of that car. He and none else is obligated to see that all your wants and all your car’s requirements are Durant § 8§90, F. promptly and economically met as they appear. We assure car shoppers that our line of Durant will satisfy, because we have anticipated all their wants and made friendly, help- ful, honest service an inseparable part of this business. A. G. Hawker 52 ELM STREET KELLY-SPRINGFIELD TIRES. 1 DoAT! 1 DIDAT! O. B, Lansing tom followed is the reverse, Cities now do thelr construetion work when It 1s easy to get money, which 4s when | labor is fully employed and when everyone else is building. This is al! wrgng. When the period of unem- ployment comes it {s very ditficult to| borrow money for construction work because money is then tight and the citizens feel poor. Hence, under the present system It is impossible to do much to relieve unemployment when it comes. ' If an ice man attempted to follow the same system in his business as the city officlals follow, he would walt until summer to cut his fice. Would Benefit Many “For investors this means that tax exempt securities and town bonds should now be purchased even though they have already gone up some in price, Those who contemplate buy- ing should buy at once before they go up still higher. When buying tax exempt issues seek the long term ones as these will show the greatest profit. All of this should be specially en- couraging to the contractors and builders, as it means that a great deal of public work will be done during the next few years. City water plants will be extended, more sewers will be constructed, new public bulldings will be erected, and the good road move- ment will continue to grow. This should be welcome information,” con- cluded the statistician, “to those who handle contractors’ supplies and build- ing materials, and especially all such materials as are used by cities and towns." General business is 13 per cent he- low normal. This is an improvement of 4 per cent over last week and is 10 per cent above the activity of the same week a year ago. Smaller fall- ures are helping matters considerably and further improvement should be reflected during the next few weeks. Mass. Mmlifld o s . National Editorial Assn. Missoula, Mont.,, July 22.—(By N. ff. A.)—Jack Brimblecom of Newton, Mass., acting president of the national cditorial association, was promoted to the presidency at the closing session of its annual convention yesterday. Wallace Odell of Tarrytown, N. Y, was made vice-president. 'PHONE 2456 ONE oF US 15 A PEACH OF A PRE\/ARlCA'Fa? MES POLLY PERKIAS! JULY 22, 1922 When this De Haviland naval plane burst into flame Mar, Cal., during a practice flight, Ensign R. R. Auerwald, pilot, escaped with his life but suffered severe burns. Rk over Del BELIEVE RECANO 4 TRIED SUICIDE Boyhood Associate of Caruso Said W Have Attempted to Take Life by Gas Asphyxiation Edward Recano, aged 45 years, !0- cal steamship cxpress -agent, whoé claims to have been a schoolmate 6f Enrico Caruso, was found almost un- conscious from gas in his home last evening, shortly before he was ar- rested for embezzlement. The' police believe he intended to commit sul- cide, ' Recano was engaged 10 the steam. ship, express and foreign exchangh business at No. 4 Myrtle street for the past 16 years, He is charged by Luigl Raviola of Forestville with embezzle- ment of $1,853.50. A warrant had been issued, When Chief-elect Hart went to his home at 309 Chestnut street yesterday to arrest the man he feund . him in a semi-conscious condition mat- fering from gas poison believed to have been taken with suicidal, intent. Although very weak, Dr. Willlam Flanagan, who was called, says he will recover. He was held under bonds of $3,000 for his appearance in court Monday morning. ~TIRE SAl - Kelly-Springfield and Hewitt Tires NOTE PRICES ON GOODYEAR CROSS RIB CORDS ! SATURDAY AND SUNDAY ONLY We Must Turn Over Our Entire Stock in That Time KELLY-SPRINGFIELD FABRIC HEWITT FABRIC 30x3 ce e e ceereo.. 80751 30x3 CORD L] CORD 30x3% ...oooonnn... 81350 30x3% ..0ouie. il §13.50 KELLY SPRINGFIELD AND a, HEWITT CORDS 236 . 31x4 : 32x4 33x4 34x4 32 x4% 33x4% 34x4% 35x4% 36x4% 33x5 35x5 . 37x5 : . $19.00 $21.00 $24.50 $25.50 $26.50 $31.00 $32.00 $33.00 | 30x 3% | 32x3% 31x4 32x4 33x4 34 x4 33 x4% $34.00 $35.00 $38.00 $39.00 $41.50 | 34 x 4% GOODYEAR CROSS RIB - CORDS ‘ . §13.50 . $19.75 . §23.50 . $25.45 - $26.80 $27.35 $31.45 $32.15 $32.95 CALL AND INSPECT OUR VULCANIZING DEPT. Goodyear Factory Tire Expert In Charge of Our Vulcanizing Dept. S-K.Tire & Vulcanizing Co.: NEAR POST OFFICE WEST MAIN STREET ITBm THevs A CeRTAN / ) SOMETHNG SMICH § PREVEATS ME FROM | caving \WMHICH! - MODESTY [T PRESUME! | PHONE 1721