New Britain Herald Newspaper, September 23, 1922, Page 11

WALL STREET STOCK | Babson Favors Encouragement EXCHANGE REPORTS Quotations & Company, Am Am Am 4Am Am Am Am Am Am Ate Bal, Eal Bat| Can Pacific . Cen Leather . Ches & Ohio .. Chi Mil & 8 P. Chi Chi High Bee! Sugar 2% Can Cotton Afl . Loco ...... 1285 Smit & Ref. 62% Sug Rf com 80 Tel & Tel,.122 Tob .. 161% Wool 90% h Top S & F.1053% dwin Loco ..135% ti & Ohlo .. 561 h Steel B ... 76 145 % 1% T4 Rck Is & P. le Copper ... Consol Gas Cor Cru n Prod Ref . cible Steel .. Cuba Cane Sug . Erie Erie 1st ptd ... Gen Flectric . Geén Motors .. .. Goodrick BI Gt North ptd .. Inspiration Cop. Inter Con pfd Int Int Allf Mer Marine. Mer Mar pd. s-Chal Pacific Ol Int Int NiCums Paper Kelly Sprig T . Ken op. .1 Lack Bteel .... Lehigh Valley . Mex Petrol . Midvale Steel .. Mis Pacific ... 3515 21% N Y Central .... 98% NYNHG&H. Nor & W ..., North Pacific .. Pure Oil .. Pam AP & Penn R R Pie: Pitts Coal .. Ray Con Cop Reading .... Rep I & S . Royal D, N Y .. Sin South Pacific .. South Rail Stu 31Y% 119% 861% 318 9% 483 rce Arrow .. 13% . 695 . 18% . 8T% 5814 B4Y, 943 . 26% 128% Ofl Ref .... de Co .. . Texas Co .. f Tex & Pacific .. Tob Pro Trans Ofl . Union Pacific United Fruit ... United Re St .. .U 8 Indus Alco U 8 Rubber Co . S Steel .... v . 1503 1458 8§27 . 6616 52 104 U 8 Steel pfd 122% Utah Copper ... 68% Willys Overland . 7 Mid States Ofl Aet| Am Am Bige-Bfd Cpt-Co eom . ings & Spen com .. ings & Spen pfd .. Bristol Bill Bill Con 3% (Putnam & na Life Ins. Co .... Hardware . Hoslery .. . Brass n Lt’'& pow pf Eagle ‘Lock . : Faf nir , Bearing Hart & Cooley ... Hfd Lan Elec {ight .. ders, F J. R. Montgmy com J. R. Montgy pfd N. B. Gas .... B. Machine Machine pfd . . 151 Low 42 6038 274 122 617% 0% 121 % 160 14 IR 105 138% 56% 0 144 0% 8% 3314 “y 25% 139% 115% furnished by Putnam Close 43% 6034 27% 123 62% 791 122 161 % Asked 670 1956 75 12¢ 26 27 21 66 65 112 171 59 35 4% 41 Wellesley Hills, Mass, Sept. 28— Roger W. Babson this week issues a warning to citles and towns to get busy on thelr munielpal improve- ments immediately, His reasons are as follows: “A revolution is to' take place in city development during the next dec- ade. The automobile is to have as great an effect on lving conditlons as the sewing machine had on weaving. As the mill has taken the place of the home spinning \wheel, so the suburb is to take the place of the city for residential purposes, Tremendous movements from the city to the sub- urbs may be expected during the next few years., Wise cities will be- gin to Immediately prepare for this great suburban development, which, in many cases, will mean the extcn- tion of city limits. “Such a revolution in living must result in the extension of water piants expansion of sewerage systems, and a tremendous era of new road bullding, home building and other Improve- ments. This will cause a great de- mand for carpenters, masons, plas- terers, and common labor of all kinds. The building boom has not y:t reacn- ed its height. Every feature connect- of raw materials to the furnishings of the home, should progper for the next year or two, This is the real reason why certain forms of labor s scarce today and why certain building ma- terials and commodities re streigth- ening in price. It 1% the real reason why the mine operators of the Cen- tral States and the mill owners of the Eastern States have beer obliged to take back the workers vt the old wages, It is this emigration from the city to suburbs which has changed the labor market. Of course labor leai- ers claim credit for checking wage cuts, but it clearly is not due to them. Henry Ford's flivvers are causing this demand for homes in the suburbs, and the consequent demand for mechanizs, carpenters and common labor. ““Wise are the cities and towns that take advantage of ‘these new condi- tions. Those city'fathers who do not, will miss a great opportunity. More- over, the time is now especially pro- pitious for municipalities to capitallze this great movement. Money rates are low. There is a good demand for municipal bonds. The Federal In- come Tax and state and city taxes are especially tavorable to municipal borrowing. How long cities will have this advantage I do not know, put the situation certainly should be seized while it lasts. Nothing helps a city so much as good paving, a splendid water supply, proper sewerage, and, of course, good schools. “This especially applies to the Southern cities which have not in the past had the available funds that some of the Northern cities have had. Great opportunities present them- gelves to those cities that are to bene- fit from river improvements, flood protection, and other natural pro- blems. New Orleans is an illustra- tion of a city which should take ad- Niles-Be-Pond com ... Neorth & Judd Peck, Stow & Wil Russell Mfg Co Scovill Mfg Co . #outh N E Tel Standard Screw Stanley Works Stanley Works pfd .. Torrington Co com Traut & Hine Travelers Ins Co Union Mfg Co HOUSE REPORT 695,000,000 64,000,000 NEW YORK ( Exchanges Balances . ed with building, from the supplying | of Municipal Developments vantage of this present of law money rates suburbs, “During the next ten years we will witness a great municipal race,—yes, a great municipal Mardthon race, The cities which are now behind will have an opportunity of getting in the front ranks; while some of the cities now in the front ranks will drop back Into the lower places. The result of the race will depend upon the vision of those who direct the affairs of these citles." “These changing conditions are al- ready evidenced by the Business Bar- ometer Figure of the Babsonchart which has reached to 7 per cent below normal, I expect this sub-normal condition to soon disappear. Wise are the cities which plan their improve- ments and make their contracts while business is still below normal.” City Items and Mr. Shean” Victrola Record. opportunity In paving Its “Mr Gallagher themselves in new C. L. Plerce.—advt. The ball committee of the Knights of Columbus met last evening in the K. of C. rooms and made final ar- rangements for a formal ball to be held November 22 in the State Ar- mory on Arch street. Victrolas and Planos, Henry Morans. —advt. Miss Marguerite Traver of Maple street, daughter of Mr. and Mrs. H. A. Traver, has returned to the New England Conservatory of Music at Boston. Meet me at Schnarry for dinner.— advt. Plainville News (Continued Mrom Page Seven) time and the tower clock will be changed accordingly. Raptist church 145 a. m. “The TUse of the Harp” will be the pastor's theme; Sunday school following the morning service; 6 p. m. Young Peo- ple's service; 7 p. m. “Heirs of the Ages” will be the subject; 7:45 p. m. Thursday, prayer-meeting. All serv- fces on standard time. Episcopal Church—Sunday, Sept. 24th—I"ifteenth Sunday after Trinity. Note—the following announcements are onstandard time: . 8 a. *x,, Holy Communion; 10 a. m. church school; 11 a. m, morning service; 3 p. m, holy baptism; 7 p. m., evensong. It is proposed to form a diocesan branch of the Guild of All Souls and there will be an organization meet- ing in the Cathedral parish house on Monday next at 8 p. m. Anyone in- terested 1{s cordially invited to be present. On Thursday at will be a special Parish Guild. On Friday, the festival of Saint Michael and All Angels there will be a celebration of the Holy Communion at 10 a. m, Bishop Brewster will make an of- fieial visitation of the parish on Sun- day, November 5th, Those wishing to avail themselves of this opporun- ity to receive the sacrament of con- firmation are requested to see the rector about it as soon as ‘convenient. Plainville Briefs Dr. Ray Moody of Middletown, N. Y., is visiting at the home of his brother, Dr. Charles W. Moody of West Main street. Mrs. Laura D. Warfield of Park street, will leave for several months' Itrip at Chicago. 2:30 p. m. there meeting of the Directors Who Direct IN THIS BANK the directors are out- standing men, each successful in his own business. Interest in the progress of the community makes them broad- minded, while experience has taught ‘them the value of wise conservatism. In guiding the business of the bank, they watch the successes of their de- positors. Their counsel can not be pur- chased but it can be had as an adjunct to a connection with this bank. New Britain National Bank MEMBER FEDERAL RESERVE SYSTEM e —— hurst, West Main street, to Philadelphia, Pa. Mrs, B. H. Phelps Lols, are spending a Laurel Beach, Ray Morley and wife soon for an automobile Angeles, California where they will| remain until the summer. Mr. and Mrs. I'red Morton will occupy their home until their return. | The Plainville Fife and Drum Corps Journeyed to Southington this after. | noon where they participated in the fleld meet of state drummers held there under the auspices of Shanley's '¥ife and Bu@le Corps. There will be a dance in the Southington Town hall this evening. has jand health departments, daughter,| To request the superintendent visit and short sible towards proper observance will leave|the week in the schools trip to Log| Gorbach Congratu'ates Among the messages of congrat lations received today by Mayoy M. Paonessa, candidate for secreta of state on the democratic ticket, w mittee, committee | named as a candidate, Gorbach resigned BABY CARRIAGE for sale, less than half | | price; used 1 1-2 years. Phone 118, Piain- | ville, was prompted by the placing Mayor Paonessa on the ticket, Notice—We are just starting Ryder's Circulating Library. Latest | editions for two cents a day, minimum ! |charge five cents, our list of books over. ~—advt, PLANS FOR FIRE PREVENTION WEEK To Ask Schools, Clubs and Boy | & Scouts to Help Observance ou Ryder's store. | Plans for the observance of ‘“Fire Prevention Week,” to be observed in New Britain during the week of Oc- tober 2 to 9, are being formulated by local members of the committee. L. W. Young, treasurer of the Stanley Works; Will 8. Howe, credit manager at the Russell and Erwin plant; who represent the local Credit Men's as- sociation, and Walter O. Cook, Boy Scout commissioner, are cooperating towards making the observance of the week in this city even more success- ful than it was last year. The plans include, tentatively, a re- quest to have Mayor Angelo Paonessa issue a proclamation calling upon all citizens to observe the week in pro- per manner. | To solicit the general interest of the public by all legitimate means. To arrange for radio broadcasting of fire prevention propaganda by some speaker of national reputation. To have speakers at seseions of the Rotary club, Lions club, Chamber of Commerce luncheons, the Business and Professional Women's club and other public spirited organizations. To arrange a general clean-up and ' Organized 1862 RESOURCES OVER $13,000,000 178 Main Street Deposits in this bank are receiving 4% Interest. Interest begins the first of each month. Open 9 a. m. to 4 p. m. Saturdays 9 a. m. to 12 m. Monday Evenings 7:30 to 9 The Hartford-Connecticut Trust Company Corner Main and Pear] 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. .1t is safe and saves time. tion next year. Plan to Start Tonight. Open 7 to 9 o’clock. Mrs, George Martin of the M.l]:!f‘—‘lnnpnllun of residential and business gone | sections in cooperation with the fire at|schools to take what steps are pos- Candidate Paonessa one from Abraham Gorbach, formerly a member of the state central com- from the | before the local man w but he stated previously to resigning that his action L ——————— A TR S S Come In and look I SavingsBmkutNawB.ltainl of of u- | A ry as as of take out a Vacation Club Booklet. $1.00 or $2.00 a week for 40 weeks will insure one fine vaca- PUTNAM & CO. ' Members New York Stock Fxchange Members Hartford Stock Exchange (Snceeasors to Richter & Co.) Stanley I'. Fddy, Manager 81 West Main 5t, Tel. 2040 WE OFFER: 30 Shares of Fafnir Bearing Co. 40 Southern New England Telephone Co. Members New York Stock Fxchange MIMBERS HARTFORD STOCK EXCHANGE HARTFORD: Hartford-Conn, Trust Bldg., Tel. 3-6320 NEW BRITAIN: 23 West Main St.. Telephone 1818, WE SOLICIT YOUR ORDERS TO BUY OR SELL ON COMMISSION STOCKS OR BONDS LISTED ON N. Y. STOCK EXCHANGE WE WILL ACCEPT CONSERVATIVE Thomson; Tenn & Co. Hartford 10 Central Row Telephone 2-4141 Members Members Hartford 8tock Exchange New York Stock Exchange Donald R. Hart, Mgr. S, NEW BRITAIN New Britain National Bank Bldg. Telephone 2580 WE OFFER 100 shares NORTH & JUDD Price on Application. We Do Not Accept Margin Accounts JOHN P. KEOGH Member Consolidated Stock Exchange of New York Waterbury STOCKS Bridgeport Danbury i Nev' Haven Middletown BONDS Springfield Direct Private Wire to New York and Boston G. F. GROFF, Mgr.—Room 309, N. B. Nat'l Bank Bldg.—~TelL 1013 For Quick Returns Use Herald Classified Advts. That Vacation Club Tonight— When you are down town tonight it will pay you to drop in at the “Trust Co.” and 50c, Each week your Savings Bank Book should register a deposit, made, no matter how small. It’s the regular and consistent putting away that builds up the balance. Are you doing this? We are open tonight from 7to 9. for just this purpose. THE BURRITT SAVINGS BANK Cor. Main and Church Street