New Britain Herald Newspaper, May 4, 1923, Page 19

INVESTIGATE BEFORE YOU NFW BRIT INVEST, BABSON’S WARNING Statistician Says Half Billion is Lost Every Year On Bad Securities, ‘ (Quoted Locally Only By The Herald) Wellesley Hills, Mass, May 4 “Righty out of every hundred new cerns are doomed to fall before y start,” according to & statement issued today by Reger W. Babson who has just returned from a tour of inspeetion, “Everywhere 1 go," says Mr, Bab-| son, “people ask me to look at their lists of ‘investments' and it is usually depressing business: 1 do not know why men whe are keen in business, whe work hard earn and save, will turn their savings over Lo 4 compara- tive stranger or ‘invest' them iIn a stock or bond that they know little | or nothing about—nor why men of means who shonld be somewhat ex- perienced in matters of investment insist on buying promotion stocks, “A recent Investigation made by my assoclates shows that 80 out of every| 100 coneerns go through at least one reorganization, This means a loss and possibly an assessment for all stock- holders, The man who buys promo- tion stocks—the stocks of concerns not yet established on a paying basis therefore has eight chances out of | ten to lose, but two chances out of ton to maintain his equity and less| than half that to make any money, These stocks should only be bought by those who realize these facts and who can afford to lose, “Stocks and bonds of questionable! value cost the American public about $500,000,000 a year—and the bill is paid by those who can Il afford to pay it Don't Take a Chance, “IGeterich-quick—take a chance,~' ‘olumbus did!' arguments of the typlcal fly-by-night stock promotor appeals to the cupldity of the aver- age man who does not stop to reason | were doing any- He | as he would if he thing but investing his money. does not seem to realize that if the| proposition were such a sure-fire mil-| lionaire maker as it seems, that there would be no necessity for peddling it out in small lots to raise the neces- sury money to go ahead. | “I feel so keenly about this mat- | ter,” continued Mr. Babson, “that I am going to risk repeating several| things that have been said before. If |one eoncern and no extreme traded in on the stock exchanges, Buy seourities of known and recognized value. When you are selecting bonds for income, you have several thow sand sound issues sponsored by the reputable bond houses of the eountry | and backed by ample seeurity: Over a thousand of these are listed and trad ed in regularly “Do not play favorites, your list of heldings as broadly possible, Hpread your securities ever| many lines of industry and as many | different sections of the country as possible, Then no single accident to depres slon in one lecality ean seriously af- fect your position. It you can't fol-| low these three rules,” concluded Mr. Babson, “I advise you to take your| money to the nearest savings bank | and leave it there for safe keeping.” | . General business continues strong in spite of the propaganda that is ' being spread in an attempt to de- press stocks, The index of the Bab- sonchart shows general Diversify d.‘ activity of 1 per cent over last week, RUSSIA MUST PROCURE THOUSANDS OF TRACTORS Soviet Russia Has Not Yot Made Up Purchasing Power of Native Popula- Its Mind Concerning Free | Trade. By The Associated Press Moscow, May 4.—Faced on the one hand with a nation-wide need for auto trucks and tractors, and on the other with a struggling home indus- try in the manufacture of these ma- | evhines, the government departments directing the foreign trade policy of Soviet Russia have not yet made up their minds whether they should stand for fre trade or a protective | tariff, Russia has little money to spend for trucks and tractors abroad, but some day hopes to be able to supply every community with at least one | Ut & single paper franc to his name, farm tractor. Before the state plan | The only thing he will not part commission it wts declared recently | with permanently is his land, for this that, during the next ten years, the | 'BRTTER COPRA PRICES LING TAHITI POGKETS tion; Commercial Situation on Island Tmproved Papeete, Tahltl, May 3.—Better prices for copra, the main product of these nslands, has improved the com merclal situation in Tahit! by Increas- ing the purchasing power of the na- | tive population, The buylng power of any native is limited only by the cash he owns, What he has he spends, It is a pop- ular saying that o Tahitlan native could be turned loose in the morning with oue thousand dollars gold in his d up at night with- Wrecked, Boarded as Rum Runner After the steel steamer Thelma Phoebe of the Bahama Is- lands went ashore at Fishers Island, New York, she was boarded at | by prohibition agents who allege they found 3500 cases of whisky. 4 per cent above normal, an increase | One of the crew was drowned while attempting to reach shore, made of he belleves is guarded by the spirits|crete, being almost a mass of nl(‘vl'jé} FERALD, FRIDAY, MAY 4, T ST REREEEE BEEEE EEEE EEBIEIE T T R T T T I T T L FEDERAL RESERVE SAFE LARGEST IN THE WORLD| Cleveland, May 4.—The largest safe in the world Is being installed in the new fourth Federal Reserve I-md\‘ bullding here, according to George | Oaks of York, Pa, the rnnu(ruru-m! engineer In charge of the work, | The steel frame vestible of the 250-ton steel vault is in place and the safe door and other parts are due to arrlve soon. The vestibule, or frame, weighs 200,900 pounds and the [2? door and the remainder of the gigan- tle steel vault weighs 300,000 pounds| \Q more. B The vault 1s 13 feet square and has | [E an all-around thickness of four fect|| of the toughest chromium steel. The | vault i8 in a room 50 by 70 feet, \\n.l\” | no windows. The walls of the room | are seven feet thick all over and n""j rivet grip reinforced con- || 1023, FITCH-JONES CO. City Hall UNDERWEAR MUST BE COMFORTABLE AS WELL AS COOL Purchase your underwear with fore- though, and you'll never give it a thought afterward, It’s well worth a little consideration, and even a little more in price, to get union suits that you know will NOT shrink, and bind, and twist, and raise the devil generally with your comfort and disposition later on. We're mighty particular that you get just the right size when you come here —and we've got the stock to do it with. VASSAR & MANSCO Shirts and Athletic Drawers Union Suits T5¢ to $2.50 $1.00 to $2.50 "SUDE-BACK UNION SUIT you are making an investment—be it a hundred or several hundred dol- lars-—be sure of the man and the firm to whom you turn over your money. would cemented by concreie, Mr. Oaks said the vault, in case| of an attempted robbery, would stand | gainst a heavy artillery fire for half || an hour, as its steel protection is four | times thicker than the armor plate| of a battleship. | nation would need 220,000 20-horse- | of his ancestors whose anger he power tractors, but only 50,000 could | incur if he sold the ancestral holdings. be purchased abroad. The remainder | Therefore, he does not ordinarily B a Eoot: pian to.deal with oniy| Wil-Nave to be ‘scured elsewhere | his land, and it 14 this bellot the most reputable houses. When in| Russian factories are now turning out | makes it almost impossible for for- doubt ask your banker. He will give & few tractors, and these are said to | eigners to acquire plantations in the SN dnt ibiases epdrte Yo thve e D2 01 SXSRIGNG (BReCILY, (iceel (o | infandn > | voring’ pro s f - Aoy auleation as to staading or record| dustrf’ want a high tariff on tractors —don't do it! | from abrond Buy Safe Stocks. Several-hundred tractors have been | . . y - “In selecting securities for safe in-| prought to Russia by various agri- | vestment, buy stocks and bonds of es-| culturai:colonists and some. foreign | ] ” e ]eVe tablished businesses, preferably those rylicf e¥ganizations, but they are suf- could happen which have been through years of ex- | ficient-eniy to replace an infinitesimal | istence and have managed to survive percentage of the horses and other all sorts of business weather, If you|draft animals who died by the lun-| must speculate, there are several hun-| dreds of thousands during the recent dred listed stocks of such concerns| famine. A gold-plated genuine Gillette Safety Razor, with gold-plated blade box and double-edged Gillette Blades, in a beautiful compact box. All for the price of less than a dozen blades. Come in and buy yours today. None sold to dealers, NEWEST IDEAS Appearance Counts —IN TIES— —IN HOSE— Careful dressers select such things Your tie is very conspicuous in as hose with thought—most choose Esquire Hose. There is a full measure of comfort, style and gervice in every pair; new colors in summer—it must be all right, ab- solutely, else it is all wrong. s ZUBUBUBUEEURUROL Four-in-hands, and Bows are here in a great collection of cheerful new summer patterns and colors. lisle or silk. ~ r 1d-plated i gold-plated genuine L ) ¢ razor Gille Have You Seen Our Window Display? THIS WEEK—SPECIAL SHOWING AND SALE OF RANGES Offering at Lowest 1923 Prices The Very Newest The Dickinson Drug Co. Latest Improved 169-171 Main Street STEWART - : X p mfl.‘ § 5 3 . . 51 1 I N I Combination SMOKERS TAKE NOTICE WHEN BUYING A GOOD CIGAR INSIST ON GETTING THE WELL KNOWN woortss MULLER’S MOZART tottcioe i BUY ONE THAT IS MADE IN NEW BRITAIN AND BE ASSURED OF THE FINE QUALITY THAT YOU HAVE ALWAYS HAD WHEN SMOKING 2 for 25¢ MULLER,S MOZART 2 for 25¢ ONLY ONE SIZE HAND MADE ONLY ONE PRICE A Peppy Red Mahogany Ox- ford, snappy novelty Perforations and Stitching; Goodyear Welt, Haig Last, $5 Rubber heels. S8 sther wonderfu styles, $3.50 to $5 And remember, this is only one of the forty exclusive styles we show at $5. They can be had only in NEWARK stores. Try a pair—it’s sheer extravagance to pay more for a good shoe! The Newark Shoe Stores Co. AT MODERATE PRICE we offer this splendid range of year ‘round service, COLANGES STEWART. Its one large, roomy oven bakes perfectly with coal or gas as desired. It is easy to operate and ahsolutely safe and dependable. Cooking Top has FOUR full size coal lids and FIVE gas burners. Can be had with New Gas-Coal Water Heater and in Blue or Gray All Enamel finish. See this—and other styles here displayed—all wonderful values. BUY NOW AT LOWEST 1923 PRICES C.J. LEROUX PLUMBING, HEATING, TINNING 174 ARCH ST. New Britain, Conn.