Norwich bulletin., 1918-08-13
BUILDING PROGRESS IN NORWICH
Has Been More Activity in This City During Past Four Weeks Than in the Previous Months Line at . Norwich Town Completed Other Focal Operations
D.NAAllN

statistics indicate but little sf1rinkase from the record making figures of previous years.
 Statistics of new interpretations in this state for the week show that most of the new companies are organizations with but small authori- zed capitalization. Nine new com panies have aggregate capital of $295,- 000, or an average of little over $33.- o00 There was but little activity in this line in the like week of 1917. 16 new interpretations having capital of only $15,080 and in 1916 there were 1 Il interpretations with average capital of $67,e0o.
 The record of bankruptcy peti- tfens filed in this state during the week compares favorably in num- Der with previous years, with the percentage of assets to liabilities somewhat less favorable, the four petitions for the week having as sets of $12.614 ? and, liabilities of 1 $44, ,5Te.
 The building business is stfn fiat. While 174 permits were granted in the cities of New Haven, HaEtfurd, | Brideport, Waterbury, New Brit ain, Hamden, Stratfurd and Spring | field for the week most of them were for small structures or addi- l tions, the aggregate cost of all the work being only $193,1s3. Last year during the same week permits were issued for 15S projects, cost ing $S41770. and in 1916, 205 per- nlits for projects costing $Ss9, ,S5O The housing propositions of the Government are not included; in
 fact, very little benefit will accrue to the local building trades through l the erection of these houses. As a 1 rule the general contractor will ship in all of his materials from
 outside the state and local con-
 cerns will reap but little benefit.
 Furthermore, it is demoralizing to
 the local contractors, whose jour neymen, knowing the opportunities
 for getting a higher wage rate and a fattening of his pay envelope
 through overtime, will go to. work
 on the Government projects. This
 has made it especially hard in the
 cases there is nobody left to do the
 work except the master plumber
 Contracts have been let during
 the week for store and tenement
 block in Waterbury, business block in New Britain. school improve
 ments to cost $60,OoO in Water,
 bury, factory buildings in Walling . ford and Meriden and Hartford garages in Hartford Waterbury ant
 Bridgeport, 239 one, two and four.
 family houses in Bridgeport, one two and three-family houses il Waterbury and one and two-fam :; fly houses in New Haven, Bristol } and Stratford, with two three ! family brick blocks in Bridgeport New projects for the week are tw, and three-family houses in Ne7
 Haven and Bridgeport, and pro 3 posed buildings in Waterbury an Norwalk for banking purposes an s a '. M. c. A. building in NaugatucI Norwich had six sales of real es s tate during last week against twenty = nine during the corresponding perio V last year. The sales in New Londo were nineteen. and thirteen, respective e ly for the two weeks.
 There were no mortgage loans her e last week. A year ago they amounte
 to 217,S84. For New London durin
 the last week the loans were $43,2O
 against 93. ITO a year ago.