New Britain Herald Newspaper, October 12, 1923, Page 23

‘SUGAR WILL GO LOWER, S0 STOCKS ARE NOT GOOD BUY, SAYS BABSON e ———— (Quoted Locally Only by The Hermld), Wellesley Hills. Masa, Oet, 12~ “Suger consumption, which has In. ereased every year for the last five years, is about to deeline," aceording to Roger W. Habson “The per capita epnsumption of sugar in the United States was 85 nds in 1913, say the statisticlan n & statement issued today. “In 1919 1t had been reduced to 53, only to rise to #1 pounds in 1920, In 19821 the figure reached 97 while last year we jumped to 103 poupds per caplia—the highest sugar consumption in history, This year the figuré will tend to de. cline, “Sugar had been a staple commedi. ty, fluctuating within & rather narrow Jprice range; that is, unti) the war up. set things. During the last four years prices have traveled a rough, un. steady path, From the fixed prive of 9 cents at the end of 1919 prices shot up to 23 cents—a level 300 per oent above pre.war quotations, Then came the break and the tobogghn slide to a low of 6 cents Ih December, 1931, Bince then there has been a steady recovery to a peak over 11 cents reached this year. Again the reaction . #et In and prices softened to a level at about 7 1.2 cents. In recent weeks there has been a reoccurrence of the bullish tendefcy and prices are again close to the year's peak, The funda. mental situftion, however, both in the sugar Iindustry and in general business would indicate that the upswing is about over and that prices are ahout to turn toward a more popular level, “Consumers of sugar should not stock of heavily, today, but should buy supplies as needed, #rices should be lower by the end of the year, “The securities of the sugar com- panles have also travelled a spectacu- lar course. Sugar stocks, like one or two other groups, notably coppers, move in close conformity with the pricefirend of their commodity. When the commodity is rising the stocks are rising and vice versa. In a sense, therefore, sugar stocks do not discount the future as much as other groups, but are governed by the same condi- tions that affect the commodity, clipate, production and demand. #The stock market in general touch- ed its peak in November, 1919, and declingd with only occasional inter- ruptions all through 1920, Sugar stocks touched a peak in November, 1919, declined in the spring of 1920 and then soared to a level of 12 per ceint Ngher than their previons top. lfrnm\;hal point they declin~’ .imost witholt interruptions, finai, reaching a low ji October, 1921, under the pre- war avérage. During this same period/ the teidency of the general market | +|and well satisfactory rate. had been downward but the move ment was of an eatirely different character; that 1s, & low was register- ed in 1920 and & sizable vally wit- nessed from that level with anether low in June, 1921, slightly under the first point, By October, at the time the sugars were making thelr low, the general market had made conslderable progress in its long swing upward, which continued all through 1922 and reached a peak last March, “The recent action of the sugar stocks has been likewise somewhat out of conformity with themovements of the general list. They reaghed & peak in the fall of 1922 and deelined with the rest of the market, rallying in March to a new hikh above the peak touched in October, This move. | ment had its basis in a'sharp rise in the price of » and & suppesed ‘shortage,’ While 1t was going on many people had visions of a repeti tion of conditions that prevailed in 1920 when there was an actual short. age of the commodity and sugar stocks skyrocketed, The strength, | however, at this time was short-lived | and sugars went down with the mar- | ket, There has been a recent strength- ening movement based upon the late seasonal rise in the commodity to satiafy canning requirements, “The long swing outiook suggests no extremely bearish or positively bullish factors. The wind.-up of the current season will undoubtedly mean a balance on the right wside of the ledger for all of the important sugar properties, Some of them may per. haps see fit to follow the lead of Cu. | bun-American Bugar, which recently resumed dividegd payments, With the end of the crofgigear and a somewhat | lower level for Lhe commodity, how. ever, sugar stocks may be reactionary, | but the downward movement, if any, | Is unlikely to result in much lower levels than we have seen during the current year. Soma time in 1924 it s probable that sugar stocks will be at. tractive ns a spequlative purchase.” General business as reflected in the | Babsonchart is running at 10 per cent below normal, indicating that read- Justment is progressing at an orderly . MWORLD POETRY IN 2,000! Vers libre or “free verse” will the poetry of tomorrow in the opinion | of Harold Monro, who has been lec- turing in Burope. “Fhe poetry of | tomorrow will present life as it really | 1s,” he is reported as saying. “The | poetry of tomorrow, is already show- ing itself in the poetry of the last two be | peelved during the year | scholarship aid evter or three ycars, and will, I think, take the form of vers libre.” YEW BRITAIN DAILY HERALD, FRIDAY, OCTOBER 12, 1028 WORE ENDOWENTS NEEDED AT YALE Yoar New Haven, October 17.—~The nual report of the treasurer and of the assoclate treasurer and eomptrol- ler of Yale University for the year ing June 30, 1923, published to- day, shows that but for gifts te in- come lgst year of over §450,000, of which the Alumni Fund was respon- sible for $295,838.62, Yale would net for 1923.23, -(ICE CREAM INDUSTRY financial situation of the university in! the light of thess Ngurea the report |cooq it was left to the United Htates says; _“Obviously this iIndieates the need of Increased endowment o en scale, able the univeraily to carry on €ven|yeuq of the department of dairying in its present work without imposing 00| e Towa ."“’:‘"...' sald !udly'bo- great a burden on anxiety upon ik president; while the need for larger permanent funds to enable him to put into execution plans for the further development of Yale In directions so keenly desired alike by the faculty, the corporation and the graduates, must be equally clear to all but the most casual reader.” Gifta to permanent endowment re. ceived last year amounted to $2,765,. 317,87, of which tie Alumni Fund contributed $168,400.34"in addition to the $296,000 given by It to income ulready mentioned; while gifta to building and other nen permanent funds amounted to $1,673,622,16. At the olose of the year the total of uni- versity funds was $35,764,583.07, Other Sections of Report. In addition to the table of gifta re. and sum- maries of income and expense ac- counts of the univeraity and its var- fous schools, the report contains sec- tlons dealing with the work of & ntim- her of bureaus and departments. One of these, the bureau of appointmenta, reports that last year works was ce- cured for 1,448 students registered as being in need of financial assistance to mest the expences of thelr course at Yale, nearly 40 eut of all reg- ular studenta, reported earninz: of for tha year, glian as 3522, consultations, Over 6,400 1 1 | more than 3,500 surgieal consultations and almost 1,600 consultations for ear, nose and throat wers reported for the vear by the department o health: through o' ih also g routins dental dical examina aminationa and Cars—Trucks—Tractors 'FALL SHGW | ALL THIS WEEK 10 A. M. to 10 P. M. Friday is Carnation Night. With the coming of these attractiv new models we are quoting the lowest prices and even bett cars, in the history of the Ford products. Note The Reduced Prices on All Models F. 0. B. Chassis - - - $230§Coupe .. $525 Runabout - - $265 ‘Fordom' Sedan $685 Touring S $295 Ton Truck - - $370 | All Models on Display Automotive. Sales & Service Co. 200 EAST MAIN ST. The grand total of all| tudents and of | *d {0 them is| 8 l Budget Balanced by Gilts This/ 3 pedic eraminations The table of university investments indicates that over §26,000.000 of its funds are invesied In bonds, frem which the average yield is 5.17 per cent over $6.100.000 in stecks with a0 average yield of §.01 per cent; 33.. 00 in resl esiale morigages, on h (he veturn 18 5.18 per cent; and reximately $4,260,008 in real ese tate which yields 4.36 per cent. The average yield on all general invest. ments is given at 5,36 per cent, Boneless Roasts of Veal 25¢ KERINY et }JoMa FLOURISHES IN AMERICA United States First Country De. nl-plllmlllln:. PRIME BEEF about the time America was discov. develop the indust: “.r:u‘-:r . l(u:’l’n’nl:ntm‘. Lean Meaty Pot Roasts . b 10c fore the World's Dairy Congress, It Is thought that fce cream was in- troduced Inte France abeut 1550, and the earliest printed record of it In England was found in a housekeeping magazine published In 1786, But it was not until 1851 that the first wholesals fea cream business was started by Jacob Russell in Baltimore, The fce cream business in the United States increased from £0,000,. 000 gallons In 1909 to 263,629,000 gallons in 1912, The lce cream cone, Invented {n 1904, was a great factor in making ice cream popular. Prof, Mortensen attributed the great success of the Industry to the sound business principles employed by the men who entered it He said the rapid development of machinery, trade journals and instruction in eol- leges In the art of lee cream making had done much to increase the busi- ness, Small s of Gcnull:g Spring Large Ripe Bananas, Fancy Native Apples, 3 quruzsc Fancy Malaga Gum...zmzsc Large Juicy Grapefruit, 2 for 2 5 C dozen 250 , Quite some agitation has arisen tn British trade circles for the change n the name of Mosul in Mes. opotamia, Turkey, back to Nineveh of Biblical history. Mosul stands very near to the ruing of Nineveh and seme authorities maintain that it stands on the site of Nineveh's west- crn suburba only a mile or so from the aite of the “hloady city"” which H \:rl and Nahum cursed, 2L The Eastern Millinery 133 Main Stregt 35¢ | illSlUMnm(wfi FRESH EASTERN PORK »25c 25¢ 15¢ | Sogar Cored ot 8 ¢ Pork Chops Small Lean Fresh Hams 1b Fresh Lean Spare Ribs b Campbell's Pork and Beans, can Star Bleachin, Water, 2 bo{tlen 2 50 F'Fg'rg:?é'fl n 29C i pe — ANNOUNCE — | SPECIAL SALE EVENT FOR TOMORROW As usual you will find The Eastern ready you with Hats that are positively the latest in style and quality At the Lowest Possible Price-—and right at the beginning of the season. Tomorrow you can buy a heau- tiful Hat at $5.00. Every Hat in this collection is New, Snappy and Up-To-the-Minute; made of the best quality Lyons Velvet, some in combination with brocaded Metal Cloth—No Two Hats Alike. NO HATS ANYWHERE AT to serve NEAR THIS LOW 9c ATTRACTIVE VALUES FOR SATURDAY AT PUBLIC MARKET Genuine Loln Lamb Chops 35¢ \;'l‘ll 5 MILK FED VEAL "‘.?'v‘..‘.‘fi'...lSc P om ... b 2DC Meuty Breasts to loc Stuff ...... DB 6¢c Veal For 25¢ Pot Pie .... b B Copleney - Yellow Globe | s S84 Potatoes .. m25c ameh .. »_DC on..,......m25c — SPECIALS TTO11 A M, — Fresh Hamburg ........... 3 Ib 250 l Small Pl.ckllng Onions ...:m. LR ) 250 Beat Frankforts ............. b 19C Evaporated Milk w.uce uom 3 for 25c Sugar, in cartons ............. 1 lOc Fancy Tomn!:oes [R——— 1 ] loc _ New Britain 1000 Beautiful Trimmed Hats Newest Models $5.00 Regular $8.50 and $10 Hats All Colors PRICE HATS FOR THE CHILDREN In which The Eastern presents great values for the young set. Beautiful Dress Hats, Sport effects and inexpensive School Hats, The assort- ment is large and that’s why you will find just what you want at a price that fits your purse. Specially Priced Tomorrow..... $1.98, $2.98, §3.98 -SPORT VELOURS—$§5.98 TRIMMED FELTS PHONE 2701 ' BANDED FELTS-§3.98 BIG SAVING ON YOUR PURCHASE HERE TOMORROW