New Britain herald., 1923-07-11
PLANT ID BE MOVED
 ABOUT OCTOBER 1 A. E. Rockwell States That Stan- dard Steel Will Locate Here EXPECT INCREASE IN HANDS
Bristol Mills to Shut Down--Reckless Driver Fined - Grange to Hold Lawn Party-Newton Property to Be Sold--PIainytlle Briefs.


 A. F. Rockwell, president of tn
 Standard Steel and Bearing Go. statet
 this morning that the entire plant o
 the concern will soon be located il
 equipment which has been located i:
 Philadelphia, is being moved herr and 1t is expected that the entire
 works will be moved here abou
 October 1.
 The Standard Steel and Bearing
 Go. has been located here for mum Il Der of years. For several years | there ceased to be much bushes.
 done in Plainville, but about a year
 ago, production was resumed on q
 large scale and at the present time
 about 700 employees are working there. MT. Rockwell stated that when the moving is complete, the | personnel of the factory would be increased to 1000 employees. The main offices and the main factory of the concern will be located in Plain vile.
 Bristol Mills to Close. Upon application of the Bristol | Mfg. Co.,, made to Judge John P. Kellogg at Bridgeport yesterday, the American Trust Co., of Bristol was appointed temporary receiver. It is stated by Charles T. Treadway, the treasurer, that assets appear to be greatly in excess of liabilities and for this reason it is hoped there will be substantial equity in both classes of outstanding stock.
 The applications of the company for receivership was made by Judge S. R. Mink, counsel, who made a brief statement as to the conditions which have confronted the company.
 Treasurer Treadway said today that the present business difficulties are due to changes which have come about in the demand for the com panys goods. For some years there had been fair margin of profit on certain lines. Then came decrease in demand for these lines because the buying public was taking lighter weight goods all the year instead of calling for heavier grades part of the time and on which the plant had worked. With the change in demand there was an increase in the cost of material and labor and increase in overhead until the company found that it was manufacturing at higher costs than the goods could be mar keted for In view of this fact a re- ceivership was thought advisable pending decision as to whether to liquidate or to reorganize to meet changed conditions.
 The company was organized in 1897. It has mills in Bristol and In Plainvile, and has about 300 em- ployes mostly women and girls who will be out of employment on Sat urdav when the shutdown comes
 The number of persons employed at the Plainville branch of the Bristol mills, totals approximately 25o. &C., cord.ng to information received this m orning For several months, the PIainville branch has been operating both day and night and to all ap- pearances, was experiencing a big boom. The statement. issued by the treasurer has come like a bombshell to the residents of Plainville. It was known that work was slack. as a large number of the employees were notified that they were laid off, when they reported for work on Monday 
 Reckless Driver Fined.
 Philip J. Rosia of Mill street, was fined s25 and costs in the town court last evening by Justice Frederick Bull | len on the charge of reckless driving. { Prosecutor William Foran handled | the states case The arrest was made on Monday evening shortly aft sr o'clock by Officer F. W. Furrey following a collision between an auto- mobile owned and driven by Rosia md a milk wagon owned by Carl oouist. The crash happened on Whit ng street about half way to Hart's corners and the milk wagon and its contents were badly damaged.
 Real Estate Deal.
 Following a transaction stretching ,ver the past few months. the sale of he Newton block on West Main treet. is expected to be completed within the next few days. It has ,een known for some time that New Britain businessman has been seeking he purchase of the property and the eal will be consummated within hort time, it became known today. This will be one of the largest real state deals in the history of Plain file. as the block comprises one Of he most valuable pieces of property n the town.
 The block has a frontage on West lain street of 100 feet and a depth f 30 feet for three stores and five eet for two others. Five stores are established in the building, W. ]. grover: H. A. James, dry oods: T. Zarilo, tailor; A. & P. Tea o.; George Fait. barber, and George ,ich, meat dealer. Several Of the ooms on the upper floor are used for fices. large barn and storehouse l the rear are included in the deal. The property belongs to c. L. New ,n, retired business man of this ,wn. who has other holdings on West [ lain street. Agents of the New Brit in purchaser were in Plafnville yes- 'rday and today seeking out details afore the transaction is completed. n option has sbeen secured on the -operty which expires August 1, but Is expected that the deal will take ace immediately.
 Repairing Streets ' Employes of the state highway de- ' .rtment started this morning to re- T i, fir the louer end of East Main T,