New Britain herald. [microfilm reel] (New Britain, Conn.) 1890-1976, 1916-10-11
BUY NOW!
PRICES SOARING IN
CONSISTENT MARKET
End Is Not Yet, and Higher
Prices Are Predicted
FURNISHED by Richter & Co..

The activity of the local market of
| last week has somewhat abated this
! week, nevertheless trading continued
| at an active rate and high levels for
| the local stocks arc registered all
| along the line. Stanley Works has
been the feature for the last two days,
! there being considerable demand for
| the stock with very little in the mar
ket. Sales today were as high IS
SO, the market closing at SO bid, 100
| asked. There are no rumOrs in con-
nection with this advance except the
fact that there has been no capital
increase of the Stanley Works for
some time and business for the last
two years has been abnormally good.
1t is understood that the Stanley
Works has an option on the control
ing interest of the Pennington River
Power Company and Rights Of way
for the transmission lines between the
power house and the Stanley Works
in New Britain are being bought.
When this deal goes through it might
be a reason for increase of capitaliza-
ton Bristol Brass has been active
today with sales high as SO. The
market closed off somewhat, now
ever, and 70 was bid, 81 asked. There
has been good investment buying of
North & Judd with prices ranging
from IS to SO. On Tuesday there was
a reaction in American Brass and
Niles, the former selling down to $50
and the latter to 172. At these prices
buying began and has continued
steadily the market closing at 335
bid, 33S on American Brass and 1874
bid, 1876 asked on Niles. Stanley
ID
with sales between $50 and 335. We
recommend this stock for conserva-
tive investors believing that it will
ultimately sell at a much higher
figure. New Britain Machine has ad-
vanced with sales in the neighbour
hood of 80, and Union Manufacture
ing Company is quoted 100 bid, 1913
asked. American Hardware remains
the same at 1877 bid, 1879 asked, and
Landers, F'rary & Clark is 81 bid, 80
Sked. Colts Arms and ScOVille Mfg.
Co., are quiet and firm being quoted
$50 bid, SIS for the former, and $50
bid, 658 asked for the latter. OF
considerable interest to local invest
ors is the announcement by Billings
e Spencer of a capital increase from
100000 to $750,O0O Stockholders |
scribe to one new share for every two |
shares now held at par ($25) per |
share. On this announcement sales |
of the stock were made from 40 to |
148, but considerable stock came in |
the market at these figures and the |
price reacted today at a close of 40 |
bid, 145 asked. We believe that even
with a capitalization of $3.50, 900 the
Billings & Spencer Company is still |
considering undercapitalized. The |
rights are not being traded in vet
but we believe stock on the new basis
will be an attractive purchase.
There has been a good demand for
New Britain Gas at prices ranging
from SO to 60. Hartford Gas Com
mon is quoted GA bid, 65 asked, and
the Preferred is 50 bid. $40 is bid
for Hartford Electric Light with re-
cent sales at 315. There is good buy
ing of the Life Insurance stocks.
Aetna Life is sos bid, $40 asked, and
Travellers is $50 bid 500 asked. Aetna
and Liability is AIS bid,
400 asked and Hartford Steam Boiler
is strong at $50. Recent sales Of
National Surety have been in the
neighborhood of 2SC per share, and
the rights to the new stock are quoted
301a bid, 81 Y asked The Fire L.
suranco stocks remain about the same
with Aetna Fire 40 to Ais, Hartford
Fire $50 to $50, National Fire 1876 to
400 and Phoenix Fire 40 to Ais.
The Hilsverein Deutsch Frauen