New Britain Herald Newspaper, September 9, 1922, Page 11

“BABSON GIVES HIS VIEWS ON MONEY SITUATION AND LIBERTY BOND SALES Wellesley Hills, Mass, Bept. 9.—A great many of our readers have Lib- erty bonds and wonder if it is not time to sell them. When they went down Into the 80's, people were fright- ened and threw them over. Now that they have come up to par, and better, the same people are buying more, This is a queer little world, In view of the situation, Roger W. Babson {ssues the following state- ment: Time Is Not Ripe “It s true that the time to buy bonds §s when no one else wants them and the time to sell bonds is when everyone wants them. Hence, I strong- ly recommended the purchase of Lib- ! ertles two years ago when they were #elling in the 80's. I am not quite convinced, however, that the time has yet come for selling them, even though they are acting rather queerly at the moment. “People are worrylng as to what effect the railrond and ceal strikes, and other industrial disturbances will have on the price of Liberty bonds, America’s greatest and most popular investment. It would be only natural that these disturbances should de- press the price of Liberties a little; but such effect would be only tem- porary. Money is destined to be even cheaper than it is today, and interest rates will continue fairly low for some time to come, This means that banks will again come into the mar- ket to huy Liberty bonds. These pur- chases by the banks, together with " the purchases of the goyernment, must keep the price up and quite like- ly force still higher prices. Therefore, I definitely advise readers to hold . their Liberty bonds believing that they will ultimately sell for higher prices. Be prepared, however, for a possible temporary decline in order not to be panic-stricken if such a tem- porary decline takes place. 1027 Highest Point? “The fourth 4 1-4's are today sell- | ing at little over par and are callable at par in 1938. Readers can be pret- | ty certain that the bonds will be call- ed at that time. This means that on the 15th of October in the year 1933 these bonds will sell at par. Not one per cent above or below. With a constant interest rate between now and then the bonds should be at their highest point about 1927 or half way between now and their callable date, their honor to protect you and your family, In ninety-nine cases out of a hun- dred you will get good honest advice which will be worth money to you, When your Liberty bonds become due or are called for payment, follow the same course, Elther put the moncy In the savings bank or invest it in se- curities which a good investment house recommends. There are plenty of such good reliable houses. About “Baby Bonds" “One need not walt until his Lib- erty bonds become due before getting a little experience in investing. Un- der the present system of selling high grade securities in $100 and $500 de- nomination, it is now possible to pur- chase good bonds from reliable in- vestment houses with only a small amount to invest. To buy one of these “baby bonds” is a very practical means of bhoth saving money and be- coming intereated §n securities, This Is not something which should be done when securities are high as is the case when the Babsonchart shows husiness to be considerable above the normal line. Today, however, with business about 9 per cent below the normal line, such securities should be worth more {n the years to come, “Much more money is available to- day for investment in government, municipal, rallway, public utility and sound corporation bonds than at any time in the history of America. It is estimated that there has been an in- crease of available funds for invest- ment of over 50 per cent since 1014 Of course, on the other hand, the needs of the world for construction purposes are enormous and have probably like-wise {ncreased nearly 50 per cent. However, the net differ- ence shon'd be in favor of the invest- cr. Therefore, hold such good securi- ties as you now have and buy more just as fast as you save money. WESTON BEATS HIKE TIME 84-Year-Old Pedestrian in Roches- ter Ahead of Schedule, Rochester, N. Y., Sept. 9.—Steadily gainging on his schedule, which has been arranged to get him from Buf- falo to New York within thirty days, Edward Payson Weston, . pedestrian, arrived in Rochester 4:50 yesterday afternoon. arrived in this city more than a day § | ahcad of time, not being due here un- The same rule applies to all of the |\ Ve day night, and he will rest vith t rarious Iy that the government will provide |Mile walk to Pittsord, where he will FEds: o spend Sunday, gumelgeneral rel’““d’": i‘j’i“,“’]‘i‘fi{,‘;:: He intended to arrive in the city at ;" ;t e d‘zr WSW'S;‘"r;”aNe‘ But |noon, but was somewhat fatigued by "°" 8 '"eh H ‘,’rn :,m be. favorable | the heat. Despite the temperature, o :‘}’"e ’];‘:m:spal wertainly advise|NOwever, antl his age the veteran : St walle arch yn M reet at readers to hold their Liberty honrls‘l“'gol;rd mp:"::"’:]‘.;‘;;“‘)‘,(.uir{‘h:|;)s“m1d = :)'n!r:‘lfl;zch a refunding announcement | e e “After selling Liberty bonds bhe | ',_,\“;;\f;}m“m; A B S BN 5"”';“{ Philadelphia, Sept. 9.—Edward F. miany money sharks will be on 1be| noree, who has been on leave lere | Surface of the water looking for fah | rom the federal prison at Fort Leav- ::‘;r’;'::“]’ ’g::‘fl‘:gar‘;"’:":a;’; 1:‘:\0 enworth, Kan., to see his sick 5-year- ; : old son, “Bucky,” received word from /8 about ouricities himiing Up hold| wasnington that President’ Harding praofibibertysbonds ”l"“d Dfering 0 1nad commuted his sentence, lo cx- j B;’.::'Dt[h:f:‘cga;‘z:‘ et wock- | pire at once, amounting virtually to Vi . | . la pardon. them or even listen to them! Shun|® PEWONC 0 the war ghem as it they had small-pox. When | yjgiating the espionage act by mak- you wish to invest money ask the o geqitious utterances. His case at- ‘®ank, where vou have your savings| i ctoq wide attention because he :ccou;;, ':’ gi;":’m;’ml tOSfllII]\]:l\ g‘::'l |twice obtained leave from prison llo pcatyen 820 n; tell | \sit his boy, who is dangerously ill. them your condition, and put them on Mo ) at RULLS NAIL; KiLLED BY FALL New York, Sept. 0.—Thrown back- ward by his own weight when he attempted to dislodge a nail in a fence on which he was working at 20 East Ninety-ninth street, last night. Lorenzo Ferrara, a carpenter, fell into a 10-foot deep areaway and was killed. THis skull, the police said, was fractured when it struck the cement paving of the shaft. PALACE ARTING SUNDAY NORMA TALMADGE HARRISON FORD in “LOVE’S REDEMPTION” HEARD IN A PENITENTIARY A seasoned burglar serving a long sentence was asked what was the surest protection against robbery. His inswer was: ‘‘First, LIGHT; second, a good dog."” We have become so used to safety on our streets and in our homes as a result of good illumination that we, perhaps, do not realize what our condition would be without this great, modern protection. IS YOUR HOME MODERN? No house is strictly equipped with Electric Service, built are wired as a matter of course. The light- ing system and wiring for Electrical Home Labor Saving appliance: are regarded as import- ant as the plumbing. modern unless it is Houses being Your house does not need to be under course of construction in order to be wired, Houses that were built years ago are wired quickly and neatly without any muss or fuss—the price is very low. ELECTRIFY YOUR HOME NOW ! ONE YEAR TO PAY Write, phone or call for a wiring estimate S CONNECTICUT LIGHT & | POWER COMPANY TEL. 230 NEW BRITAIN Local Distributors Universal Electric Ranges, Washers, Vacuum Cleaners. 84-year-old | Weston | | Willys Over .... BRITAIN DAILY HERALD, SATURDAY, SEPTEMBER 9, 1922. WALL STREET STOCK EXCHANGE REPORTS! Quotations & Company, furnished by Putnam Close 63 % 126 Low 63 128% 6535 40% 122% High 637% Am o G 101% Cm Am o Am Can Cr & Fdy 1000 oive 14 1886 8m & Ret ,, Sum Tob . ., Am Tel & Tel . Am Tob ., Am Wool , An Copper ,.... b5% Atch Top & B I" 1043 At Culf & W I 32% Bald Loco .......138 Balt & Ohlo ..., 58% Beth Steel B ... 78% Can Pacific .....140% Cen Leath Co ... 42% Ches & Ohlo. . 1% Chi, Mil & St Pl 347 Chi Rock Isl & P 48 Chile Copper Con Cas ... Corn Prod Fef N1209% Crucible Steel 967% Cuba Cane Bugar 14 Endicott-John ., 89 Erfe o 16% Erle Ist ptd 26 Gen Electric ...180 Gen Motors ... 15 Goodrick BF ... 35% Gt North pfd .. 951 Inter Con .. 114 Int Mer Marine . 14 Int Mar Mar ptd 577 Pacific Ofl ..... 59 Int Nickel . 177% Int Paper Kel Spg Tire B Kenne Cop ... Lack Steel ..... Lehigh Valley .. Mex Pet ... Mid Steel .. Miss Pacific N e iy i kL) NYNHG&H.. 32% Nor & West ...125% North Pacific 89 Pure Ofl .. 33% Pan Am P & T 81% Penn R R 467 Pierce Arrow ..:117 Pitts Coal Ray Con Cop .. Reading .. Rep I & S..... Roy D, N Y.... Sth Oil Ref ... South Pac . 94 %5 uth Rail ..... 27 Stude Co .. 133% Texas Co . o 49 Texas & Pac ... 32% Tob Prod 87 3% Trans Oil ,..... 151 Cnion Pac ..153 United Fruit ...154 United eR St ... 85 U 8 Fd Prod 6% U S In Alco ... 66% U 8 Rub Co... 87 J S Steel U 8 Steel ptd UtanCops it ¢ 100% 66% 1037 32 1635 83 697 581z 3414 84 1 USHY 65 68 85% 56 ..121% 7034 1% 13% 643% Mid States Oil .. Westinghouse 641 Co.) Bid 665 ..192 (Putnam & Asked Aetna Life ins Co. 670 Am Hardware Am Hosiery Bige Hfd Cpt Co com..121 Billings & Spen com.... 24 Billings & Spen pfd .. 26 Bristol Brass . 18 Colt's Arms sk aias 28 Conn Lt & Pow pfd....110 Eagle Lock .. Vs 68 Fafnir Bearing Co 55 Hart & Cooley . Hfd Elec Light . Landers, F. . J. R. Montgomery p J. R. Montgomery pfd . N B Gas .... . N B Machine . N B Machine pfd . Niles-Be-Pond com . North & Judd Peck, Stow & Wil. Russell Mfg Co Scoville Mfg Co . South N E Tel ..... Standard Screw .... Stanley Works Stanley Works pfd ..... Torrington Co com .. Traut & Hine Travelers Ins. Co Union Mfg Co .. 31 85 330 12614 272 . b4 28 431 The radiating period of radium is| computed as about 2,500 years. Pictures of finger prints sent by wireless. are now Straight tothe Mark HAVE you an objective? Sav- ing is easier if you have a definite purpose. Start saving now @r your next vacation. Join our Vacation Club. Open Monday Evenings New Britain National Bank % For Quick Returns Use Herald Classified Advts. S e M A Savings Bank which creates a feeling of confidence is the place where you are most content to leave the little extras, which you lay aside every now and then. A dollar ($1.00) will start an ac- count for you and you will be sur- prised how fast it will build up. Try it and see. o Open Tonight, 7 to 9 o’clock Burritt Savings Bank Cor. Church and Main Streets [ PUTNAM & CO. Mcembers New York Stock Exchange Members Hartford Stock Exchange (Snuccessors to Richter & Co.) Stanley R. Fddy, Manager 31 West Main St., Tel. 2010 WE OFFER 30 Shares Landers, Frary & Clark Co. 30 Shares North & Judd Mfg. Co. 25 Shares Southern New England Tele, Com, JUDD & CO. MEMBERS AARTFORD STOCK EXCHANGE BARTFORD: Hartford-Conn. Trust 8ldg., Tel. Charter 6330 NEW BRITAIN: 23 West Main St., Telephone 1815, WE OFFER: 100 Shares Stanley Works Common Hartford 10 Central Row Telephone 2-4141 Members Members Hartford Stock Exchange New York Stock Exchange Donald R. Hart, Mgr. @Ihnmgg.‘ New Britaln National Bank Bldg. Telephone 2580 PECK, STOW & WILCOX Price on Application. We Do Not Accept Marginal Accounts. JOHN P. KEOGH Member Consclidated Stock Exchange of New York Waterbury STOCKS Bridgeport Danbury 3 New" Haven Middletown BONDS Springfield Direct Private Wire to New York and Boston G. F. GROFF, Mgr.—Room 509, N. B. Nat'l Bank Bldg.—Tel. 1013 R T R TR R R S B T 2T e T N . 15 D e R R A i T e e s R The 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. I R o T L R OR Yo e e e e P e e ——— Savings Bank of New Britain Organized 1862 Assets—$13,000,000 Surplus—§700,000 A MUTUAL SAVINGS BANK It is the duty of every person to save, regularly and continuously. This bank offers a safe and convenient place for the deposit of these savings, where 4159, interest is being paid. START AN ACCOUNT NOW M. to 3 P. M. Saturdays—8 to 11 Monday Evenings—6:30 to 8. (Standard Time) 178 MAIN STREET Open 8 Have YouMade Your Decision Yet? To Join Our Vacation Club—Every Day Sees the Number Larger and Larger. Plan To Come Down Town Tonight and Start A Club Membership—50c, $1.00 and $2.00 A Week For Just 40 Weeks and You Will Have All Your Vacation Money Ready Next June We Are Open Toright 7ts 9