New Britain herald., 1929-10-30
RALLY CARRIES STOCKS UP
 S10 TO S30 A SHARE TODAY,
 MARKET TO CLOSE Z DAYS
INDUSTRIAL STOCKS
 COME INTO DEMAND
Conservative Buying on a Yield
 Basis in New Britain
ATTENTION GIVEN LOCALLY

By Brokers to Be sound Invest
 ment Because of Steady Yield and
 sound Position.
 Following a period of excessive activity - and excessive losses in most instanccs-in the larger stock markets, local brokers report q re- sumption of interest in stocks of New Britain manufacturing con- ccrns. There has been, in some cases, forced sales Of shares in cor porations hcrcabouts. and needless to say the uncertainty which has prevailed generally is reflected here, though there has been by no means the shrinkagc in values which took place on the big boards. Prac- tically every New Britain stock has been selling below it's value on yield basis. Most of them, at cur rent prices are bringing in at least six per cent in dividends and they are practically all on q sound finan- cial basis with enough reserves to guarantee the dividends for years to come unless the whole country faces an irretrievable financial panic which does not appear to be in prospect.
 Financial Position strong
 Local concerns are in strong financial position, and their shares are worth purchasing, seems to be the consensus in investment circles here. No one, of course, can say that bottom prices have been reach- cd, that the furry is over on the big board and that the country will see q gradual, more healthy, increase in prices generally. This is true of all stocks, wherever the organizations are situated. There has been in the past, lack of interest in manufac- turing stocks on the local board be- cause of the promise of quick profits on the big board. Appreciation in value was looked to, rather than the yield of the dividends which has been nil in some of the stocks late ly in demand. Every avaiE hla cent of spectators, large and small, and there are many of them in this city, has been placed in the street hoping for quick returns, removing the sup port from the local market and re- sulting in lower prices for the stocks.
 Quiet Buying of Local stocks
 Now that it appears that the spec ulative feature has disappeared from Wall street for the time being at least and that buying will be on an investment basis with the yield ever in mind, conservative interests with money to invest who have preferred to keep out of the speculative mar ket are picking up local stocks quietly, putting their money to work on an interest bearing basis, or bet ter, and relying upon the stability of local concerns for a continuance of dividend rates.
 If the entire country is headed for oblivion. that is if the buying abil- ity of Americans has been exhaust for money, even in the bank. If there is to be a financial revision on the basis of present day prices, the investor has little to fear, as his 50 cents, which was a dollar three ago, will buy him just as much in necessity or luxury, as the dollar would have before the re- vision, though he may not be worth as much on paper. Underlying husi- ness conditions are sound, is heard from many well informed quarters. and there Is no reason to suspect this to be untrue. None of them are willing to predict there will be any sudden and violent upturn on the stock market to equalize the paper losses of the last few weeks, it would take a brave man indeed to do that, but many of them appear of confidence and prob able gradual increase in prices after the bottom has been struck. There probably will not be the op- portunity to realize on speculation to the extent of realization during tue pdSl several years, DuL ali ol this argues for G return to nor malcy in investments and an oppor- tunity for the conservative buyer who has feared an abnormal bull market.
 Local Stock Analysis
 A few of the local stocks, with their regular dividend rate, today's
 Continued on Page Two)