New Britain Herald Newspaper, October 26, 1923, Page 19

- BUSINESS AND STEEL Babson Reviews Conditions in Billion Dollar Industry, for justifiable expansion as well as Wellesley Hilla, Mass, Oect. 26~ |the new ones. It is a charaeteristic “The stesl industry gives us both alsign of the beginming -of & sharp r and & thermometer of | competitive period, however " aceording te Reger W.| many new offeri of funded debt Pabson, whose associates have just| with elally altractive promises ap completed & survey of this grest in:|Pear In connection with corperate dustry. names that are new teo investment “Stesl prices” says Mr. Babson in lists. The absence of any new finan a statement issued today, “tend to elng on the part of elder concerns at follow genera lbusiness—to aet as & sueh perlods, always is conserving re thermometer in measuring, roughly, seurces, limiting new business to es prosperity or depression. During the| tablished ecapacity and reducing in- early months of this year bsiness debiedness rather than taking on was aetive and the price of steel hil- more overhead. Higns of this stage Iets advaneed 30 per cent from Janu- of husiness have not heen lacking in ary to April, It was evident by them the iron and steel industry this year that the improvement had heen over- The wisdom of the restraint shown 4lone and business took to ecaution by the largest factors at the peak of and conservatism—a condition still| demand early in the year, now is prevalent. apparedt, Already certain of their “fron and steel prices very natu. MOre aggressive new competitors are rally followed, Wor the past aix falling by the wayside months production has dropped and “A few of the seasoned concerns prices have heen steadily decliningi Which have consistently turned sur- Despite the readjustment to date, 1 %o not feel that steel prices or pro- duetion have reached the low point, Tt should he borne in mind that dur- ing the war period our producing 0 At the present time, caparity was greatly stimulated, The "“Those who would purchase iron actual output of steel in 1913 was #nd steel stocks as a speculation ahout 31,000,000 tons with a pro- Must welgh the outiook with the un- ducing capacity of probably 36,000,. derstanding of the position which 000, o far thin year the steel in-|they accept as stockholders—that of dustry has operated on a basis of | Merchandisers in the comodity, Sue- more than 40,000,000 tons annually| €€ lles in buying when business 15 A rate materially over the actual out-|¥Aack and the commodity low, to sell put of recent years. As a matter of When business is brisk and commod- fact the abformal stimulation in steel| ity prices high. From this test it output started in August, 1921, In|MUSt bo apparent that it is not yet 1922 total output jumped 75 per cent | time to look for attractive purchases over the previous year, while pro-| !" Iron and stee Istocks.” duction during the first nine months of this year stands over 60 per cent above the same period of last year. However, the main point is, if this country were called upon, we could | produce steel at between 56,000,000 Medical Weekly Says Firm Ratio Be- and 58,000,000 tons annually. Even today at the current rate of 40,000,- the Rirth 000 tons, we are producing more| steel than we can consume and-ex-| port. Nor should we lose sight of| Berlin, Oct. 26.—Gerr o the fact that our European neigh-|rate for the .,3.,.14 ,:.:n::.r:.) :, ‘;‘:j.’“ vors expanded their steel producing|shows a decided decline, according ;n capacity to cope with abnormal war | official figures for 46 German cities. needs. iIn the corresponding quarter of 1922 “The underlying situation is well|there were 75,726 children horn, as defined by unfilled tonnage—the against 65,924 this year. For the barometer—which from the low fin|first quarter of 1923 the number of February, 1922, of 4,141,000 tons|children born was 69,630, The birth pllmbed with little interruption to|rate is now down almost to the low- 7,403,000 tons in March of this year.| est level of the war period. Com- Today, six months alter, unfilled ton-| menting on the figures the medical nage has dropped to approximately|weekly says: 5,000,000. General business as re-| ‘“As there is a firm ratio hetween flected in the Babsonchart has|the dollar rate and the hirth statistics dropped to 10 per cent below normal.|& further big decline is expected.” My main thought is that withough|On the other hand the mortality rate no radical departure from the pres-|1s not so high for the second quarter lent price level is indicated, a survey|of this year as it was in 1922. There of actual conditions shows that the| Were only 52,446 deaths in the second weight is certainly on the bear side,|duarter of this year as contrasted as it is in most lines today. with 56,345 for the same period last 'On the financlal side we find fur- ther evidence of this slowing up, in the amount of recent refinancing which has been undertaken by some of the newer companies,” continued Mr. Babson. “During periods of rec- ord-breaking business, new finan- cing, it is true, may be required by the old conservative manufacturers ‘Hartford Provision Co. QUALITY SAUSAGE PRODUCTS LUNCHEON HAM PRESSED HAM MINCED HAM Queted Locally Ouly by The Hemid), | ereasing pitalization bonds for iy tment. This is as far as the conservative Investor should offer sound GERMAN BIRTH I;IGURES tween Dollar and A Statistics HEAVEN ON EARTH Chatham, England.—Brought in a state of collapse by a policeman to the Medway Infirmary, John Frank Smith, just before he died, remarked to attending nurses: “This is like being in heaven.” . SAUSAGE HEAD CHEESE BLOOD TONGUE LIVERWURST BOLOGNA VEAL LOAF BOILED HAM »Manufactured from Pork, Beef and Veal, killed in our own sanitary plant at 302 Pleasant St., Hartford, Conn. ' Serge Season _. We hiave on hand a-very large stock of the very finest serge. We buy our cloth in big quantities, thereby making a big saving, This we pass on to our patrons. Now is the time to get your serge suit, when you can have it tailored to your measure at a reason- able price. We can make you a suit of 14, 15 or 17 oz. serge for $45 $50 $55 » We invite your inspection at any time for comparison, whether you buy or not. Satisfaction guaranteed. 2 London Sho AL O T Smart Dressers” « Lo 43 MAIN ST. “Let Us Clothe You—We Know How” plus back into equipment witheut in. | NEW ERITAIN DAILY SEEK LOST TRIBES ININTERIOR CHINA National Geographic Society Ex- pedition l@_@ Kweichow n e Geographic Washington. Nationa! an nounces the sending of an expedition inte remeotest China 1o seareh for hu {man traces of east Asia’s history be. fore the Chinese came, (o hunt for specimens of a monkey believed 1o Oct. 26.—~The soeiely be the largest nenanthrepoid species | in the world, and to collcet botanieai specimens in & spacious region virgin te selentific study, Kweichow, where the mysterious non-Chinese tribes of China dwell, is the objeetive of the expeditic provinee, about the sise of Missouri, with a population estimated at §,000,. 000 s as inaccessible as Tibet, It is | the least fertile, least visited, and most | backward portien of China An “Ethnie Cireus Troupe” | Yet the strange tribes which sug |&est that some ethnic circus troupe was stranded there make Kweichow a possible vista of hitherto unrecorded human history, One of the few visi- tors among these tribes, who makes no elaim to being a student of anthro {pology, said he saw types resembling | the American Indian, the East Indlan, {and the Negro, To Hunt “Lost Tribes" of China, It may develope that some or all of these strange tribes constitute the !American Indians of China. Another writer snys that the process of Chinese | absorption has heen going on among |them since 2366 B, C! | Shut OF From News of World, | Between two and three million of |the non-Chinese populace survive, | Many of their strongholds naver have |been visited by white men; wholk tribes did not know the World war was In progress,. While China was | stirred by the Shantung problem be- |cause the Chinese feared cnroach- |ments in the provinee of Confucius’ Itomb, these tribes were oblivious of (any “Shantung problem,” though |they may retain the vestiges of a culture spread over the whole of We Recommend and in New i r £ U RAE 7 = | 46 MAIN STREET {the Gurkha, the Bouth Sea Islander, | Stock of EVERSHARP PENCILS and . WAHL PENS ADKINS PRINTERS AND STATIONERS ' HERALD, FRIDAY, OCTORER 24, 1122 southern Ohing in ENOCH ARDEN AGAIN Confucius taught Notting Hill, Eagland.—The Ocoasional travelers whe have pen. | band of Mrs idssie Oruse of Notting | eirated villages of these | Hill, England was reported missing in tribes tell how eone of them thrashes | action 4 § the recent war, where gvain on the reof tops as in the Heoly | vpon she mar Her first | Land; how other have greal “prayer | spouse has just returned, and whether fags” fying on fertified casties |the weman be charged with how quarrels are settled pigamy depends on a decision whieh | baek with blunderbusses, by the courts must make as to whether swords, and bags o heing missed in action™ is sui weapons in these curlous joust ption of death Kweichow has collcetors, although it holds hopes of many animal prises. 1t lies on the watershed hetween the Yangtss West River. Ita_nerthern mountaing are & continuatidn of the Tibetan | many system Therefore the faunas of [ tens for Indo-China, of the mountaing, and of | ample ground the Yangtze valley known spert within its borders. May He Antmal Famous in um.......r The monkey the expedition parti- | 8el leularly hopes to find is the Ihine- | pithecus Brelichi, of which the enly evidenes now available skin | {of a female which shows 4 head and | I bhody measurement of 29 inches and a {tail measurement of 38 inches. There has heen speeulation regarding the possibility of this species being an an- | imal deseribed in & famous p--.u.‘} lof Chinese literature as follows | “Its nose I8 turned upward, and |the tail very long and forked at the | end; whenever it rains, the animal thrusts the forks into its nose n goés in herds and lives in friendship; when one dies the rest accompany it to burial, Tts activity is so great that it runs its head against the trees; its fur is soft and gray ahd [the face hlack. Going directly to Peking, Fred | erick R, Wulsin, leader of the Nation al Geographic Boclety expedition, will | [ Arst take with him Into Kweichow Chinese hotanist and a staff of Chin. ese assistants for a reconnaissance, | Later he will be accompanied by a | party comprising hotanists, zoologists, and anthropologists, The last named will study the origin, physique, habits, | language, and rich mythology of the non-Chinese tribes which vary, in these respects, from their Chinese neighbors, the davs whea hus: | same of and will on horse oad only clent presu slones as the escaped soologiea MONSTER STADIUM fet the Giants and Yankees wish the weorld series had heen played in olgate, Ger accommoda- | There's every | and the gigantie stadium at It has seating 146,000 spectators. for praftically should meet Positively fresh eggs, 68 doz Iln.v’ | Bros,—advt,* YFJC‘f:‘:m%" old fashioned pencil or is the PEAK-A-BOO BLUES London, England.—Three - motor vehicles were piled up in a wreek costing close to $15,000 in damages and 10 law suits resulted bhecause a taxl driver watched a girl skirt a puddie with her dresses elevated, in- stead of watehing the right of way. 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