New Britain Herald Newspaper, August 31, 1923, Page 16

BUSINESS READJUSTMENT PROGRESS - CONTINUING smsmcromw—mson (Quoted Locl"y Oply By The Herald). Wellesley Hills, Mass, Aug. 31— Roger W. Babson today gives his monthly review of general business conditions. Mr. Babson is not bullish on the immediate outlook believing rather that we have begun in earnest to complete the period of readjust- ment which was started in 1919. He insists, however, that this completion will clear the decks for real prosperi- ty in the future. His statement is as follows: “Business is beginning to feel the shock of President Harding's death which so stunned the “American peo- ple. Although there is consolation in the fact that his successor, Calvin Coolidge, has had great administrative experience, yet a shifting from one president to another must break many connections and change many plans. The first people to feel the results of this change are the retailers. Retail sales fell off ‘=mmediately following President Harding's death and have not yet resumed, Hence, wholesale buying is on only a moderate. scale. Buyers are not inclined to purchase beyond their immediate needs. The people are also awalting the slze of crops and the prices of agricuitural products. “The best immediate business portunities are believed to be in south. Although current cotton re- ports are somewhat disappointing, yet the good prices promised shoul®make the south prospérous during the next twelve months. Given the right kind of weather for the balance of the sea- son and current prices, the south will ' add greatly to its wealth and purchas- ing power. The northwest, however, is handicapped by the European farm- ers who are ralsing more grain eveny year, which naturally reduces our ex- ports of cereals. Wheat prices have shown no material change recently; but corn prices are wsoftening, al- though this softening is only natural as the new corn crop approaches ma- turity. “Iron, steel, petroleum, copper, wool, and certain other baslc com- moditfes are declining in price, but this 1s not an unhealthy sign. The great difference in the level of farm products and manufactured goods must be eliminated sooner or later. The price of agricultural products must comre up and that of manufdec- tured goods must come down. There- fore, the present readjustment move- ment {8 healthy and good for all of us in the long run. This readjustment will be accomplished by a reduction in the prices of raw materials, an in- creale in the efficiency of labor, and a reduction in overhead and selling expenses. “The un®mployment which is threatening certain industries, on ac- count of foreign competition, should mgke labor more reasonable, On the other hand, indications are that the wage earners in those monopolies su¢h as transportation, coal, ete., are still greatly tempted to make trouble. Certain of the railroad unions are about to make drastic demands for wage increases, restoring wages to what they were at the peak following the war and prior to the cut July 1, 1821. Considering that the dollar of 1913 ia now worth about 67 cents compared with only 40 cents in May 1920 and only 50 cents In the spring of 1921, these demands on the part of Jabor for a. restoration of war time Wages seem very unjust. “Bank clearings have definitely turned the corner and are declining; mail order sales may have again ap- parently reached a maximum; the de- mand for iron and steel is slackening. Crude oil is plling up in Pennsylvania, Oklahoma, Kansas and Texas. People scramble to buy advancing markets, but refuse to buy on declining mar- kets. As the result, the decline in prices may now gb as much below , normal as the previous advance went above normal. This is unfortunate; but befng in accordance with the law of action and reaction, it is inevitable, This further explains the current de- crease in retail buying and the conse- quent falling off in the orders of manufacturers and jobbers. When we are in a bear market prices always de- cline to abnormally low figures irre- spective of merit or the cost of pro- duction, “However, these are optimistic signs if studied with the long pull in view-— although they naturally affect the Babsonchart Index, which is today 10 per cent below normal. There is no doubt that business when ill in 1920 op- the and 1921 did net properly liquidate— it got out of bed too soon. We must The Last now rest again and be wllllng to con- valesce slowly. Therefore, things are now travelling in the right direction —notwithstanding current pessimism —and, when prosperity finally comes, it will be much more healthy and last much longer than it otherwise would.” AUTOS AND TRAINS IN 3 COLLISIONS This Is Record in This State lor First Seven Months Railroad trains and motor vehicles came together in thirty-six collislony in Connecticut during the first seven | months of this year, injuring 17 people and killing three more, accord- ing to a statement forwarded to the motor vehicle department by t he safety bureau of the New York, New Haven and Hartford Railroad. During the first seven months of 1922 there were twenty-nine such collisions, injuring thirteen and kil- ling five persons. Twenty of these twenty-nine accidents involved pas- senger cars and trains while nine in- volved trucks, compared with twenty- four passenger car and twelve truck collisions this year. For the 1922 period upder survey there were twen- ty-two motor vehicles hit by train and seven trains hit by motor vehi- cles. This year there have been twen- ty-three motor vehicles hit by trains and thirteen trains hit by motor vehi- cles, Supplanting this statement, the motor vehicle department has an- nounced that in addition to the Mem- orfal Day grossing accldent in New- ington in Which an entire family was killed, there has been one more fatgl- ity, which occurred at Lime Rock, on August 7, and in which Harry Mun, son, a 30-year old truck driver was the victim. For the last five years, crossing deaths have been happening through- out the United States at the rate of 1820 each twelve months. Connecti- cut has one-eightieth of all the auto- mobiles in the country and more con- gested traffic conditions than the| average state. If Connecticut had had one-eightieth of all the grade cros- sing deafhs in the country so far this year, there would have been fourteen deaths for the first seven months Instead of the three that are listed. ATTEMPT T0 SCALE “ROOF OF CONTINENT” BY PLANE Aviators Will Try to Hop to Peak of Alaska, With Camera Mdunt McKinley, Anchorage, Alaska, Aug., 381.— Mount McKinley, the highest eleva- tlon on the North American con- tinent will ge scaled for pefhaps the first time, if the attempt of Carl B, Eilelson, former army aviator, and C. J. Lincke, Anchorage newspaper man, to land in an airplane on the frozen plateau at its summit ‘proves success- ful. The trip will be made for the purpose of securing air photographs | of the famous peak and the.national park which encloses it. Close-up photograps of great herds of moun- tain sheep and the great Alaskan brown bear which range the mountain fastnesses will also be taken. The start of the trip will be made at McKinley station, at the entrance to the park, where there is a natural Janding field. Other landing places are also being located in various sections of the park where additional fuel is being stored. On the trip from Fairbanks to the entrance of the park the explorers hope to photograph the great migra- tory caribou herds that start down from the Arctic during the latter part of August, and the reindeer grazing in Broad Pass. Entering the park they will spiral to an altitude of perhaps 25,000 feet, reconnoiter over the plateau several miles square at the summit, and if the ice will permit, actually make a landing on the * of the Continent,” 20,300 feet the sea. Chance to Buy These Shoes at Sale Prices Men’s Tan Calf “Stetson” Oxfords—$12.00 values—$8.35. herds | Roof | above | DECLARES CROPS MUS’I' BE SAVED FROM DISTILLERS German Hygienist Says Foodstufis Are Wasted in Production of Alcoholic Beverages Berlin, Aug. 31.—German professors of hygiene have criticized the inerease of alcohollsm in Germany in & me- morial addressed to the various gov- ernments urging that further steps be [ taken to conserve the national food- stuffs now used in making liquor, and to protect public health against the increasing consumption of alcohol. Doctor 1. A. H. Selter, director of the Hygienic Institute of the Univer- sity of Koenigsberg, ‘Issued the me- morial on behalf of the Society of German Professors of Hygiene. The document suggests an absolute prohi- bition of the use of foodstuffs, espe- cially grain, potatoes and sugar, in the manufacture of alcoholic liquors. “It cannot be contested,” the mem- corial says, “that the production of al- cohol deprives the German people of great quantities of foodstuffs, But it is not this fact alone which causes us to raise a voice of warning. We know by experience that malnutrition fos- ters alcoholism, and that, on the other hand, increasing alcoholism has a double effect on underfed people. We therefore ask the government to con-] trol with all means at its disposal, U\r‘ Women’s Patent and Tan Calf Pumps — $9.00, $10.00 and $11.00 values—3$5.00. Boys” School Shoes in Black and Tan Calf- skin with Rubber Heels—3$5.00 valies— $3.85. W. G. Simmons Corp. | 85 West Main Street ’ NewYorkS increasing consumption of alcohol. By this means the collapse of feeding can be prevented." Dr. Selter produces Prussian statis- tics to show that the use of alcohol is on the increase. Shortly after the publication of this memorial, it was announced that the producers of alcoholic spirits in Ger- many had decided to stop using po- tatoes in theit distilleries, and, would at once turn over to the food markets all existing supplies. LEMON PIE FILLING A PACKAGE MAKES A PIE TIRE VALUES Special rtumty to get a Standard Mn.ke ol First lelity Full Oversize Tires at Exce; Brand new stock—-fully gnnmteed Just oompare out cash ofier with the present list. —— SOLD FOR CASH ONLY —— ¥ List Our Price 30x3l6 Fah, Cl. $1280 § 885 30x31%4 Cord Cl. $13.95 $10.65 82x315 Cord S.8. $22.18 $16.50 31x “ §25.51 $18.95 82x! “ $2808 ‘81990 ° | 36x4lh 33x4 “- $2898 $20.90 35x5 84x4 $20.74 $21.80 37x5 RACKLIFFE BROS. CO., Inc. PARK AND BIGELOW STREETS - PHONE 1074 Our Price $27.20 $27.80 $28.90 $29.40 $33.90 $29.65 .$34.90 $36.70 ; List Gol'd $36.40 $37.21 $38.11 $39.19 $45.27 $40.05 $47.52 ~$49.99 32x4Ys 33x4Y) 34x4Ys 35x41/, 33x5 “ €« “ “ “ “ Final Clearance Saturday TOMORROW IS THE LAST DAY OF THIS TREMENDOUS MONEY SAVING SALE When We Close This Sale Saturday Night Your Chance to Buy buch Excellent Men’s and Young Men’s Suits to Go at These $10 Values to $25 Qut Goes Every Remaiii:.. 1 Loss, We Are Determined to Clean Qut Everything. In a Nut Shell This Gives You the Reason For This Tremendous Sacrifice. : PRICES CUT TO A POINT WHERE BUYING IS IRRESISTIBLE Don’t Think of Letting This Chance Escape You Clothing and Furnishings Will Be a LOST OPPORTUNITY Amazingly Low Prices 15 $20 Values to $35 Values to $10 smeit Of Oug Spring and Summer Stock, No Matter What the MEN’S and YOUNG MEN’S PALM BEACH AND MOHAIR SUITS ROYS’ ALL WOOL i L — Values to $20 — $5 Bl SUITS $7 50 No Parent With Boys to Outfit For the Fall Term Can Afford to Miss This Last Day of Our Great Sale . Tell Mother About This. MOTHERS ! Bring the Boys. LOOK At Our Splendid Suits ! LOOK At Our Cut Prices ! MEN’S PANTS All Our Splendid High Grade PANTS Will Go At This Sale—TROUSERS Of All Sorts and SIZC‘ For All Purposes, Work, Business Or Dress $1.85, $2.85 and $3.85 ample Shop 357 MAIN STREET, NEW BRITAIN 135 MAIN STREET, BRISTOL