New Britain Herald Newspaper, July 27, 1926, Page 15

NEW BRITAIN DAILY HERALD, TUESDAY, JULY 27, 1926. ing His is to be a flying cussed short nt station ne call let board. Captain Jack “Short wave a scien 4y vOP, the S-35 ave radio tr: be used to ress of th TO BE TRIED DURING OCEAN JUMP [5iccis t5 " shient Fonck Hopes to Keep in}_\m‘,mr Heliy I Touch With Shore Dur- Flight — May Render 500 Kilo- | ion watt Stations Obsolete. | cap New York, July Rene Fonck’s tra ch into the value of the mu Radio amateurs participate in the result may be the eventual supe ling of the huge 500 kilowatt gov- s by low 2s with electric bulb spark. Will Carry Set of keeping station ul results have 9 > ‘ | S HILLIPS' Milk ance, last winter i n] lained to the Associated Press to- | Diego, where I was radio o i . ¢ what will be attempted: |attached to Rockwell Field, I com I . (o) agnesla igned to th in touch W 0. S. air service, and radio expert, in {been obt. charge of the radio arrangements for deal still to be I he attempted New Short Wave Experin a thorough trial d radio equ IStates durin the 36 hours 1 he was im in t ribed by fans b ise it khould be the duration of the flight. |ice, 1s using short wave ercomes th nes as much acid ¢ “Through the co-operation of the [radio to keep in communi 1 with in the stomach as a saturated solu- | SHORT WAVE LENGTH RADIO TESTS | e svant “tne armivarof | DEPUTY PROSECUTOR se commu rich wer HAS McPHERSON CLU | Rupert in British Columbia, and re- llayed by him. May Revolutionize Radio. “As soon as more is k ort wave transmissic bt Tha it will revoluti X | receiv It will m ¢ power great {ev | be spanned. It will mean arch to determine more of the| wn 0 ganization of and Evidence Solving Case. 27 (A—C1 Trans-Atlantic fan re e experiment will be a form of ) cloped at Carmel Experiment possibilities of short wave length|® th of here, are |transmission for airplane communi- | an, L el ‘J' '.1* son kidnapping cz has bee Was On Wellman Balloon. in Irwin w lio opera- hoard the i % Iman dirigible trar Atls e of the crew | ans radio k FATAL FIGHT IN ZOO wave length. | n followed i woman | killing tive members {He was the operator station on Nantucket Isl { who was the first to pick up the 5 | tress call of the ublic” when it | o {collided with the “Florida,” and en- |, red thousands of s. adio on hoard steamships today, those upon which the |, depending for weather ht, employs W ing from 300 to 2 explained Captain Irwin. powered ri-motored Sikor- | ch Captain Fonck, | Captain rmy flier, ved by r the ev he drop Homer | including nd |8 |po cent hot weather. ocean in addition to its |meters ing and receiving Use Short Waves More. “Until a little while ago th s, it is WOP." garded. B last few ¥ |servations |waves a that the government big pla ur ntic sea- |tk |is working with meter-length W “Some very succes Irwin, reserve officer, ed, but t “For i York-Paris flight ted with Honolulu some 2,000 length v, using a 40-1 vave | till in its infancy wi Aot 50 ‘watts power,| Instead of soda hereafter take a|tion of bicarbonate of soda. leaving haws not well understood, is to have | With the sz wave T was unable it Phi Milk of Magnesia” in |the st tree from all 3 Lol any time for indigestion ralizes acid rancisco, © to reach ng this flight s in the bowels sour, acid, gassy stomach, and relief For fifty years ge e +1Milk of Magnesia” in 1924. Duri enti to the Unite ¢ Bottle e A L I1S Exempt from Connecticut State Tax if held by residents of Connecticut Legal Investments for Savings Banks in Connecticut Additional Issue $8,000,000 The Connecticut Light and Power Company First and Refunding Mortgage 4% Sinking Fund Gold Bonds, Series C Dated July 1, 1926 Due July 1, 1956 Callable as a whole al any time on or after July 1, 1036 oggn port for sinking fund only on any interest payment date ofter July 1, 1927; prior to and including July 1, 1036 ot 105, theteafier decreasing 19 annually to 100 on July 1, 1055. Not callable prior to July 1, 1936 except for Sinking Fund The Company agrees tb pay interest without deduction for any normal Federal Incoms Tax which it may lowfully pay to an amount not exceeding 2%. The Massachusetts income tax, not in excess of 67/, will be refunded to holders resident in Massachusetts and the Pennsylvania 4 mill tax will be refunded to holders who e resident in Pennaylvania who shall within three months after payment make applica- tion for-such refund. Capitalization (Outstanding upon complction of present financing) Funded Debt: First and Refunding Mtge. 7% Bonds, Series A 514% Bonds, Series B 414% Bonds, Series C, (this issue) Underlying Divisional Bonds $21,107,000 Capital Stock: Preferred 614 % Cumulative $6,500,000 Preferred 7% Cumulative 4,500,000 Preferred 8% Cumulative 4,000,000 Common 18,000,000 $33,000,000 From o letter to us, Mr. J. Henry Roraback, President of the Company. summarizes os follows: BUSINESS: The Connecticut Light and Power Company supplies electric light and power to a population of about 350,000 in an important industrial section of Connecticut, including the cities of Waterbury, New Britain, Meriden, Norwalk and the Naugatuck Valley district. The properties operated, including new construction now in progress, will represent an installed generating capacity of 184,620 horse power, of which 64,600 horse power is hydro-electric (three plants); about 173 miles of high tension trans- mission lines; 22 substations, and distributing systems in 28 cities and towns. SECURITY: The First and Refunding Mortgage Bonds are secured, in the opinion of counsel, by a first mort- gage on the new hydro-electric development now under construction on the Rocky River, on the existing hydro-electric plant at Stevenson on the Housatonic River and the large steam-electric plant at Devon on tide water, which together will have an installed generating capacity of 145,000 horse power; 148 miles of important transmission lines, and valuable undeveloped water powers; and by a second mortgage, subject to $1,000,000 divisional bonds, on the Company's third hydro-electric plant (9,600 horse power) and 25 miles of transmission lines. They are also a first lien on a 999 year lease of the electric distributing systems in Waterbury, New Britain and a number of other towns. The Company's present property investment is valued at $43,371,637, or more than twice its $21,107,000 funded debt. The existing owned property alone is valued at $34,380,660, of which over $31,000,000 represents the property on which the $20,025 {000 First and Refunding Mortraze Bondsare a first mortgage. The above valuations donot include net current assets of $11,159,608, of whi-h $10,633,804 consists of cash, the greater part of which will be provided from the sale of these $8,000,000 of Bonds and $1,000,000 of 637, Preferred Stock, and is to be applied toward the Company's construction program for the next two years. EARNINGS: Year Ended 1923 1924 1925 June 30, 1926 Gross Earnings $5,151,859 $5,656,131 $6,488,238 $7,689,799 Operating Expenses and Taxes 3,375,457 3,427,794 3,712,701 4,448,144 Net Earnings 1,776,402 2,228,337 2,775,537 3,241,655 Other Income 441,498 112,109 41,198 55,875 Net Income $2,217,900 $2,340,446 $2,816,735 $3,297,530 Present Annual Bond Interest and Rental Requirements, including interest on this issue, $1,570,890 The above net income does not reflect the benefit from the large investment to be made in addi- tional plant and power facilities through the use of the proceeds of this issue of $8,000,000 Bonds and the $1,000,000 Preferred Stock. SINKING FUND: Annual Sinking Fund, first payment November 1, 1927, to be applied to the purchase or call of Series C bonds, will be sufficient to retire, prior to maturity, about $2,250,000 of the Series C bonds. We Recommend these Bonds for Investment Price 95Y; and accrued interest yielding about 4.80% Lee, Higginson & Co. Estabrook & Co. Putnam & Co. Hincks Bros. & Co. Chas. W. Scranton & Co. The above stolemenis, while mot guaranieed, ore based upon information aml advice which we believe accurate and reliable i [Joc Ryan Claims He Has Witnesses Montere; ieved by Joe district at Carr d radio pment of station miles av other direction. | will include a short| *“Anoth use of [Will come instantly. urges this souring waste nsmitter, which will [short wave 1 smission | Better Than Soda system without purging. I d news of the | by MelMill e into the| $ t to take than soda Twenty- | 1 | from sight ing questioned |two | i g qdeiogied jtwa st 1 for Europe [achusctts state police recelved an : 1“\’\” t rep: ’,( 1'0\ ?“\\‘.»“(«e‘:k’;:vu“':‘i to spend a year lappeal from Philadelphia today to t ha b i try the almost hopeless task of find- | ES| ton introduced be- |an aftermat t i denied any [Coolldge is |cutive order McPherson {hon she had ever been |residenc evangelist continues| Mrs. Cox y of her abduction {of a ra T Angelus Temple, [band was held captive recks and escaped to t Auga Prieta, Mexico, (zona, annour izona border. |would go to tie president ing a touring car bearing the Penn- |sylvania registration number 793,- 0. They were told to ask Margaret merson to call her Philadelphia e at once where a member of mily is dead. newhere in New England and )ly headed northward from iebec was the only information as to the whereabouts of the machin®. ed by law ng from the effe bite while her h killed her two | -\ TOURIST IS SOUGHT ng she five | RRER SRS S0a Y A0 | SENT TO REFORMATORY ase. ML i gt and intercede per- |penn. Auto, Touring Through New eport, July 27 UP—Failing to nel Y GHT HIN OME. - [Mnade for fom s duts notm t of the leniency : re to live on the t England, Wanted — Sad Message |shown him s eity coutk Yeatly |the memort aigned on a charge year old Michael Dol a cripple, was to- hire reformatory for theft of grocery to be of Death At Home Awaits, President to Be. Asked to. Give ®—O0ut Homestead Rights to Husband | And Father Who Lost Family. ‘ WIBL STYLE AN BoRaEh Edward B. Hu 1, son of At- 21 @ — T an Cox and 1} I ‘|E] For Tomorrow Only «'5 Women'sSilk Hosiery an- ped e Mass. | READ H re- re- i ] s || ’ igfimwm For Tomorrow Only 4° Costume Slips 89c each Regular $1.50 value Fine quality nainsook Lace trimmed Large rubber panel insert i WOIMANS [APPAREL SPECIALTIES MIGOLETOWN == NEW BRITAM Our regular $1.00 number 19¢c a pair Good range of colors to select from Small, medium, large sizes HERE’S GOOD NEWS. BE SURE TO TAKE ADVANTAGE OF THIS ANNOUNCEMENT. TOMORROW AT 9 O'CLOCK WE START OUR CLEARANCE SALE OF ALL MISSES' AND WOMEN'S DRESSES LEFT IN STOCK E THIS INCLUDES SILK, CLOTH, JERSEY, FLANNEL D RESSES SUITABLE FOR SPORT, BUSINESS, AFTER- B | iz o] [ oo [ o and rom t is Foeee] oo o] [ o NOON AND EVENING WEAR. WE'VE ARRANGED THEM IN THREE PRICE GROUPS { ¢ — = LOT No. 1 LOT No. 2 LOT No. 3 = 1] sq98 — s — %16 ' 1 THESE DRESSES FORMERL Y SOLD FOR $9.98 TO $19.50 | | Light NO EXCHANGES Misses’ and FOR CASH ONLY and Dark EXTRA CHARGE FOR ALTERATIONS Women's Colors NOTHING RESERVED Sizes A Few Women’s Cloth Suits Left YOUR CHOICE Silk and Cloth Dress Skirts A Few Women’s Spring Coats Left YOUR CHOICE YOUR CHOICE $9098 ea” $2000 €a. @[fifli@!fi o @Wm}j i ] || mjm"nu o o e 1 fr I a 7| o] Are You Looking for Bargains? Are You Building a New Home? ARE YOU FIGER'IN' PAPERING AND PAINTING SOON OR VARNISHING THE DOORS, FLOORS, FURNITURE? ARE YOU LOOKING FOR REAL BARGAINS IN WallPapers, Paints Varnishes The Last Two Weeks of Our Ever-Popular Annual Wall Paper Sale Don’t Miss This Opportunity 50 Cents Off the Dollar on All Stock Wall Paper, Borders THE JOHN BOYLE CO. Telephone 359 WHOLESALE AND RETAIL 3 and 5 Franklin Square