New Britain herald., 1915-10-14
TEMPORARY SLUMP
 IN LOCAL STOCKS
Decline Noted, But New Climb
 Would Not Be Surprising
Furnished by Richter & Col

During the past few days there has been slight reaction in most of our more active local stocks. This re- action has not taken place in our local stocks of the more conservative class that are not benefited by the war Colts Arms, for instance, which recently sold as high as $50 has reacted ten or fifteen points. Standard Screw which recently sold at 32O has reacted to 300, the quota tion now being 295 bid, 305 asked. Niles Bement-Pond Common has de- clined from 156 to 150, and American Brass from 256 to 250. The market has been more quiet because of these reactions The general public does not seem to favor buying on a de- clining market, although far-sighted investors have been taking advantage of this temporary slump, for We be- lieve that the slump in only tempor- ary, and on that account we strongly urge the purchase of all our local stocks on any reaction. We believe that it is only a question of time be- fore an active advancing market will be resumed. The condition of the country is such that nothing short of an unforeseen calamity will retard our prospects for several years to come. There has been a fairly active market in Landers, Frary & Clark with prices ranging from 56 to 58, and Stanley Works at from 66 to 68. Sales of American Hardware have taken place in the neighborhood of 12O and Union Manufacturing Company from 78 to 80. New Britain Machine de- spite the strike holds firm at 76 bid, 79 asked. We understand that prac- tically all of the strikers at the North & Judd Manufacturing Com pany have returned and that the com pany is now running its full force.- Although the market on North & Judd has been quiet at 105, bid, no asked there has been good investment buying and we believe that of the con- servative stocks this Is one of the best in town for permanent invest ment. 55 is bid for New Britain Gas with stock in the market for sale at 5S. The quotations on Amer ican Hosiery remain the same at 40 bid. Stanley Rule & Level is offered at 400, and Traut & Hine at A.
 New Departure Common has re- acted somewhat and is now offered at 171 This is probably due to the fact that this company will shortly of fer to it's stock holders new stock at par in the proportion of one share for each four now held. Probably quite a few Rights attaching to stock of this company, carrying the privilege to subscribe to new stock will be of fered for sale.
 This accounts for recation. They are doing a bigger business than ever in it's history, and there seems to be no doubt that the 8 per cent dividend which they now pay will be continued on the new stock. Bristol Brass has been somewhat reaction ary with sales from 66 to 68. This is in comparison with it's recent high price of 72. This company is also doing the biggest business in ts his- tory.
 The Insurance stocks in Hartford remain form. 375 is bid for Aetna Fire and 730 for Hartford Fire with sales in the neighborhood of 738. 370 is bid, and 375 asked for Nation al Fire, and Phoenix is offered at 3S3. Standard Fire is somewhat stronger F being bid with no stock in the market under 66. The Bank stocks demain the same with several transactions in Phoenix at 200 and City Bank ranging from 132 to 133. 26S is bid for New Britain Trust company and 275 asked.