New Britain herald., 1916-05-18
LOCAL STOCKS BOOM
 IN BULL MOVEMENT
Brokers Advise Sale of New De-
 parture Common at High Price
Furnished by Richter & Co.)

The local stock market has been ex- tremely active and strong for the last three or four days. It is a par ticularly broad market and covers both speculative and investment shares, and advances have been re- corded in practically every stock trad ed in on the local exchange.
 Of the New Britain stocks it is hard to say which has been the most active. Anne erican Hardware has advanced about four points and is quoted 129 bid, 131 asked. Recent sales have ranged from 13O to 131. Stanley Works has also advanced four or five points, sales having been recorded yes- terday at 88. Quite a good deal of stock appeared on the nlarlet at these prices and there was slight reaction. Stock is now quoted 85 bid, 86 asked. Landers, F'rary S5 Clark has also been active and has sold as high as 67h Closing quotations to- day were 65 bid, 66 F asked. The big gest advance in all of the New Brit ain stocks has been in Union Manu- featuring company stock which dur ing the week has advanced about twelve points, closing quotation today being 90 bid, 94 asked, with sales
 
 has been very active and there is very little stock in the market Present prices are 112 bid, 113 asked, with stock in the market at 113. There are persistent rumors to the effect that an increase of capital will be made by this company in the near future. Should this be the case we think the stock will sell higher. New Britain Machine is quoted 81 bid, 83 asked and there is very little stock in the market.
 Of the Bristol stocks, New De- parture common has been very active Most of our local holders have taken advantagge of the oppor- tunity to dispose of their holdings at present prices. We understand that control of this company has been ob- tained by syndicate headed by w. c, Durant of New York, one of the rrominent figures in the autom Cbile , 1nanufac curing business. The New Departure Mfg. Go. will be merged 1 with several other concerns making 1 automob accessories. The new ! concern will be under the name of 1 the United Motors Corporation and 1 will have a capitalization of $60,000,- | coo. New Departure stockholders 1 who have not sold their stock as yet | naturally have more or less concern l as to how they will fare after the 1 merger. We believe that all stock ] holders will be given fair chance to | sell their stock before the deal is absolutely closed and it is rather hard 1 10 tell what will be their position in l case they do not sell their stock. l Our laws are such nowadays, how | ever. that the minority stockholder in l all corporations is adequately pro- | tected in case of mismanageme ] Sales of New Departure common to- day have ranged from 275 to 277, and | in the long run we feel that the | stockholders who sell out are doing | the wise thing, for the price certain l lv looks attra ctive in view of the fact 1 that this sock has practically a ninety l point advance within the last month. l Stock of the new United Motors cor l DoratiOn is quoted on the New York l curb in the neighbOrhOOd of 64 per 1 share. Subscriptions are being taken l up by the syndicate at 62 per share l and all indications point to the fact l that the stock will be largely over l subscribed to. Bristol Brass has also been quite strong and has advanced l from 65 to 72. The closing market l today is 71 1-2 bid, 72 1-2 asked. As l announced by the directors of this company a short time ago there will 1 made by the Bristol Brass company, l stockholders being offered the priVi , lcge to subscribe to one new share at l