New Britain herald., 1927-05-21

He might also say with some de- gree of accuracy that fewer citizens bought real estate the first three months of this year. In the first place. it is the quiet realty season when people become financial care- full they watch their step about 1 realty. Any banker can testify re- garding the inroads made in bank accounts Of depositors by first pay ments" on real estate purchasing The less of it there is done the more money there remains on deposit. He might assert also, that fewer general purchases have been made. especially of luxuries. The luxury manufacturers might give the sta- tistics, If they cared to do so.
 He might insist, too. that every body doesn't possess himself of bank account. Startling as this may seem, it is nevertheless true. Let the total of bank depositors in an aver age city be compared with the total adult population and there will be quite discrepancy.
 The worthy senator also might say that less money had been ex- pended since the first Of the year in the purchase of coal for heating purposes. The winter was a mild one, and the first three months of the current year have been particu. larly so. Every family in New Eng land has saved on coal instead of being forced to buy few extra tons to reach the end of the usual cold spell the quantity on hand held out very well. Senator Walsh might quote coal dealers. If he has the time to interview them.
 This Is only partial list of the savings made in New England the past few months. Economy, by de- sign and by accident, has been the basic industry. Some people have even been able to save a little money. to be added to the pile al- ready in the banks.
 It Is not the first time that bank receipts have shown steadiness dur ing period of watchful waiting. The very fact that industrial and business conditions are not booming causes extra watchfulness in con- nection with the money in the bank. It is during boom times, when every body thinks money is easy to get, that the spending is at high pitch many folks buying more than the loose change about the house would justify. hence causing less of de- sire to maintain the family bank balance. There is a bit of psychology mixed in everything, especially in money matters.
 The assets of the savings banks in Connecticut total above s616,0O0,- 600. Assuming that the prevailing rate Of interest is four per cent-it really Is five per cent in most cities that would would mean an inter- est increase of s6,16o.ooo in three months. As the increase the past three months was reported at $1S,- 100000, that leaves approximately an increase of s12.ooo,ooo in new money placed in the banks. That $12 per capita for three months. or $4 per capita for each month, of $1 per capita per week.
 That's at least one way Of figuring the great increase in savings de- posits. Senator Walsh might know of other ways that bring even more dolorous results.
 It was old Uncle Dudley In the Boston Globe some years ago who wrote . nice editorial about the vast increase of deposits in the Bos- ton banks. The increase was around 350,O0O,o0o and some of the un- analytical minds on various papers made . great to-do about the vast increase in the wealth of the people during an alleged depression. Uncle Dudley, in striking phrases, showed that tho entire vast increase was less than the prevailing natural in- terest increase of the sums on de- posit.
 Having fused with bank deposit reports for a fair number of years, we decline to accept them as evil dences of either prosperity or de- pression.
 There is too much that enters h. to the situation.
 OUR MILK SUPPLY
 It is not pleasant information to learn that the milk supply of the city is not 100 per cent perfect. Only