New Britain Herald Newspaper, July 1, 1929, Page 6

6 NEW BRITAIN DAILY HERALD, MONDAY, JULY 1, 1920. SPECULATORS WARY [SOUTH IS OUTBUILDING [, st G tee ot | igtor ™ ™ =7 i | ‘htu\)\\n]ghls: Red 1 . Oakland,| The gain represents capital invest- NATION IN RAILROADS | «= v leweights, 10 rounds each. Friday — At Hollywood, Cal., Joe | 2 Trackage in Dixle is Nine-|Roche, San Francisco, vs. Vincent 219,803,107, o0 | Forgione, middleweights, 10 rounds 1t is divided in this way: Cotton Edwin Bige, Omaha, and silk, $205,863,470; wool, $2,686.- mills that knit and spin, $6,- 78 and mills that knit, $4,988,- edman, New York, mid- | ed in 30 new mills, bringing the total number of mills in the state up to OF AERIAL STOCKS " _— | Fear “Weeding Out” Process| "™ oo ;?.i s e Due in Aviation Issues Macon, Ga. July 1, | . _ | south outstripped all other sections | A total of $103.816,459 was invest- New York, July 1 (P—Recent rapid expansion and growth in air- | plane and accessory companies have of the country in 1928 in the mat- jed in lands, equipment and build- ter of new > railroad trackage, | |ings. The value of the products n amounting to| [ manufactured in 1928 was $247.- |90 per e nation’s total | umu and the cost of raw ma- revived fears in Wall street of a i >‘ 3 general “shake- In thioka Isaues |Genioii ot Cooralo) rallread. fold a gathering of pers at \n.nn N C l T persls ew Carolina Prolect 13 Times in the past generation S o erence c )ml«r Gh B " AUsIGiar i ol Tpanimity e s e A SEH 10D as Chinese ArTier of opinion that the aviation industry scctions wer is on the thros eSS ATl It the fir Uit Wall of China, mmm.nm in| . particularly as |1 : nstructed in the securi- | sou hi : Ailine: eltizuce O ot N gug | the massive dam being built across A s 1 trackage abandoned in 1928 R 2 U l I E " showin, gain, A. presid. l of the 32,801,318, such as has been taken place in the A that this prosperity, ma J vati hank- f B nore ht 13 times would lack a few . e paic ettt Ml SR Aifar o Some Fmanclels Foreses Eco- weeding out” pro- son Dixon line | America’s expanding demand for | With mors than one-third (e na- | electrical power, which hasirisen| o SL S The automobile, radlo and elec- |tion's trackage, southern railroads|in 10 years from 3§,021,000,000 HEW 2ot July & ,"’, £ trical refrigeration securities all have |last year spent $200,( hilowatt hours annually to 87.850.- | 1 el e e talratnigeralon. 40,000, has brought vast changes |Se°s in the proposed bank for in- b v i | ternational settlements a long step r |toward fulfillment of the old dream of an cconomic United States of Europe. Banking opinion, with some ex- ceptions, favors the new institution 000 for im- ce. | provements to plants and facilities, ) Where nature has failed to pro- vide for the age of electricity engi- neers and armies of workmen are seraping away hills, moving rivers.! Clift declared ligging valleys and building la as outlined by the experts commit- rical refrigeration issues | 4 R ay ey laston ¥ < most recent of the new in- | s to capture the energy of | co (omment usually leads around ups to experience h il : [to the inevitable question: where al | r moving toward the sea pains. There were no lar ough alliances, mergers. con- | will this super-bank and possibie casualties as a result but the un- solidations and various kinds of ¢0-|canital of world finance be located? happy experience in some of those Th I S 1 AII operative agreements, the thous- | Twe paragraphs in annex 1, part stocks practically drove a few large | Eré Sfl a OI aly I‘aC ]OH ands of local power plants which | X11 of the experts’ report are re- i out of the underwriting busi- | came into existence following the | oeiing special n ceiving special Aviation stocks caught the public central station in Pearl strect, New fancy immediately after Colonel . o | York, in 1882, Lindbergh's flight to Paris. Buying 3 (P—The dullest | together in in Wright Aero- | Week the it boxing season | tems. nautical. builders of the whirlwind ithout one first-rate at- | \y g sed by Lindbergh, and '.'~'|-‘ the Hnr\f“vr}n.f.m. Acroplane, one of the first |tidions palateof the average follow- k market on a large scale. New Group Growing dustry attention. They he purpose of the bank is to are being buttoned | provige additional facilities for the a few dominant sys-|international movement of funds and to afford a ready instrument Barstow, president of the|for promoting international finan- Lexington Water Power company, | cial lations. In connection with which financed, owns, and will oper- | the German reparation annuities it rercial plane com- |er fisticuffs v ate the Saluda river hydro-electric |shall perform as trustee for the From one coast to the other an|development, is one of the execu-|creditor countries the entire woFk earcd in |intensive season fails to disclose a|tjves allied, through the General|of external administration of this rapid successi h loped, |single important bout. Louis (Kid) | Gas and Electric corporation, which | plan, shall act as the agency for holding companie med to |Kaplan fe v featherweight | expanding Associated | the receipt and distribution of funds buy majority stock interests in the cancelled his bout ctric system. | and shall supervise and assist in the . Chilean light- 12 construction, its|commercialization and mobilization 4 will be the largest|of certain portions of the annuities. in the world. Tt will| “It shall be located in a financlal a mile and & half long. 208 feet|center hereafter to be designated. a quarter mile wide at the|In selecting the country of incorpor- se and topped hy an 18-foot high- |ation due consideration shall = be part of the South Carolina |given to obtaining powers sufficient- ly broad to enable it to perform its It will convert 574 square miles|functions -with requisite freedom of farm land into & lake and fur-|and suitable immunities from taxa- nish the water power for produe- | tion.” Swedish-American Trade " hou {he nationatiached: | inv belween! 201,000,000/ and. «TMEA}N:‘T; !;14‘::\v:fl(i\(:‘nlp7:;|~m\:‘r;onm\li\‘(]=::: Reaches New High Total L 000,000 Kilowatt h of electrical | d he " . energy. | tions might become a comparatively Rionkholmiauly LB g hiauihiots A rural population of 3.000 had to|minor consideration in the future itative study of Swedish-American ymy Byrne. Boston, 10 rounds; | be persuaded to move in order to|career of the bank {oads show & repidjincrease Hnpvely dwina, Towa, vs. Harry Dil- | make room for the lake. Yellowed,| The non-political and strictly in- el i cight rounds: Phi Mer- | tattered land grants which King|ternational character of the: direc- e ot D . vs. Marly Galla- | George 11T issued to South Caro- |torate, together with the fact that s b o s e D 2ht rounds, all | lina's first citizens were an example | participation in the bank's shares Ehopolon Sotiedeingtyeen oolidze, Boston, | of the non-engineering difficultioa | Will be open to all countries whose | e e torslled light- [ which had to he overcome before | currency is on a gold basis, points | Q0000 ian inrensy 002 g ieent ;“mL could start |toward its gradual cvolution into a PYe nciprevious Best AOE HhIS | Miesday = Af fiosfAngeles, Yalel . L k of Europe” or world bank. ‘ amoun merican Shipments 1o | o aaw Yo vy o | hipments 10 | oxun. New York, h‘\l\‘;‘“‘j_:"jl‘“'lj‘Gemgla Te\tlle Mills Draw Increased Capital centered at first swiftly champion, has most promising concerns. wi Luis Vince aviation investment trusts to buy small terests in both o ating and holding companies Some companies have be organized. Many others, in the opin- ion of well informed bankers, h the 10 round ro tarlight Park, been pushed too fast and have dis- | while Bahy Joe G of Los \ngm\ : counted aviation development too far st in advance. owners, sa arth dam Ruffalo of Mount Vernon, clash over | Tonight — At Philadelp ies Park, George (‘ook A heavyweight vs. Jack Wolf, Hazleton, Pa s eight rounds. Tt is foreseen that the mmnmion\ Sweden were worth $57.300,000 and |y nee York, Queensboro | | will give Lurope a central bank to| Spcdish ot fo dmetlca B e rotect its goli supply from being Saluel as 310.100,000 drawn across the Atlantic and to en- £ 2ob lnmmon (e Gatenn, featherweights, 10 |$66.104,271 of capital invested in|courage the same degree of finan- | EoRtoni lne leadveaticarris | Georgia's textile industry within the | cial unity in Europe as already ex- M B hag been reported by |ists in the United Sta eho. Tlorida, ve.| Atlanta, July 1 (P—A gain of | I'E- | Jackie Cohen, d 36.- | rounds. day — At Dortl Twenty Years of Service For 20 vears the Plainville Trust Company _has been growing with Plainville by helping Plainville to grow. In this perlod of fime this bank has made itself a useful addition to this part of Connecticut, and has attained a healthy growth through its comprehensive service. Our baano by mail service has made deposmng ested in our sa\m{zs dcpartmcnt in which 5% \Ionev dep051ted on the 5th of the month draws interest from the Ist of the month in which it is deposited. easy for those inter- INTEREST IS PAID OFFICERS HON. JOHN J. TRUMBULL, President; F.T. WHEELER, Vice President: HENRY TRUM BULI A.\l((‘ll(‘\]ll(']l. A. A, MacLLEOD, Secret and Treas S INTE R TORE <‘-1A“ Treasurer; A. N. JOHNSON, Assistant Irm.\)m:{:.\ B g e Trumbull, F. T. Wheeler, } H. Carpenter. MI"" "l'UII.\' OR TRUSTE J. H. {enry cod, B. H. Phelps, J. T. McCarthy, W L A, A. Mac- s7to9 The Plainville Trust Plainville, Conn. Open Saturday Ev ening Established 1909 The total capital invested is | / Maximum Return With Utmost Safety for Your Savings We Have Paid FIVE PER CENT on Deposits for the Past Ten Years STATEMENT OF CONDITiON ON JUNE 1, 1929 ASSE LIABILITIES Loans .. i United \lulu Government Securities Bonds of Foreign Countries Public Utility Bonds Railroad Bonds and Certificates Railroad Stocks Municipal Bonds Bank Stocks (at pm-\ i Banking House Cash on Hand and in Banks ..... Deposits $11,678,394.28 750,000.00 surplus Interest and Profit and Lo: Less Expenses 00 499,344.89 Total Assets . $12,927,739.17 ACCOUNTS MAY BE OPENED BY MAI SAFE DEPOSIT BOXES TIMOTHY H. ROOT, President HER J. HARRIS MINIKIN, Treasurer GE 0]( I THOMAS DAVIS, Assistant Treasurer § DIRECTORS: Timothy H. Root, Herbert Hitcheock, Robert P. Keep, John H. FOR RENT L\OX SMITH, Vice-Pres. r. WILLIAMS, Vice-Pres. Knox Smith, George G. hompson, J. Harris FARMINGTON SAVINGS BANK 1851 1929 Williams, Minikin. Charles G. Bill, William A. "Farmington, Conn. Prince & Whitely Kstablished 1878, Members New York, Chicago and Cleveland Stock Exchanges Burritt Bldg.—69 West Main St—Tel. 5405 Donald R. Hart, Mgr. BOUGHT—SOLD—QUOTED AMERICAN FOUNDERS and UNITED FOUNDERS American Founders Corporation was organized 1 the following stock divldendg have been pald: 1923 ............ 4009 Stock Dividend k25 2009 Stock Dividend [ o 200 Stock Dividend 1928 100% Stock Dividend 1929 109% Siock Dividend Present Market /—\pproximate]y 107-109 nElol % United Founders Corporation was organized F. ebruary 1929 ---the new stock came out at anprox;matelv $20 per share. Present market 54‘/2 56Y.