Putnam patriot., 1928-01-05

to The Putnam Patrt0t3 XXI
=S==Szsy
ceive the highest per hour earnings
Of any in the six New England states
and New York and Pennsylvania.
Workers in the wooden and wcrsted
industry in Massachusetts, work an
average of As. / hours per week with
an average wage Of S23.s6; Maine,
50.4 hours with s25. 56; Vermont, sos
hours with 5000; Rhode Island. 4S.2
with $23.23; and New Hampshire,
5i.2 hours with s24.GS.
National Bank Profits
The national banks Of Connecticut
realized profits Of sii.057. 900 dur
ing the last year which ended Octo-
Der 80. with their assets totalling
s3Is,724, 900. IL is reported by the
Comptroller of the Currency.
The sixty.five national banks In the
state report that they have a total OF
Sc, 683, 900 ssn cash in their vaults,
and $50 ,682, $50 due from banks and
other cash itemS.
Total deposits In the banks reach
ed $252. 900, 900 with S2,220.000 in
bills payable and $46i 900 in redis-
counts. The capital Of all the nation
al banks In the state aggregated $2l, 81
702, 900. and the surplus was cal
culated to be $i9,977 900.
United States government hold
ings by tine banks reached $21 $780,
900, and other bond holdings amount
ed 70 $50 s997. Loans, including ov-
erdrafta, are estimated at $l1e,-
$40 600. and the outstanding circu-
lation ia listed at 1891 900.
Three hundred and eighty-nine ma
tionaI banks In the six New England
states report profits totalIing $685.
24s, 900, with assets of s2.2s8, 9O1 900
and capital Of si24.590. 900.
Outlook for 1929
Industries Of Connecticut have al
promising employment for the year
1923 for which the Department of
Labor forecasts gradual improve
ment in labor conditions IN many OF
the trades.
The report of the department ISL
as follows: The metal working trades,
which have been operating at capa-
city, will continue on this basis dur
ing the year. A gradual Improvement
IN the textile industry Is anticipated
in those centers where mills are on
part-time schedules. The silverware
Industry should continue and paper
industries Is predicted In one part OF
the state. The manufacturing of hats
will probably exceed that of 1927 The
sum Of $lf 100000 To be spent on
highway work throughout the state
during 1928 will afford employment
10 several hundred men for a long
period.
Increased activity in building isl
anticipated In some localities, while
in other sections no programs have
as yet been mapped out. An unusual
activity looked for in farm work
is expected in localities. and increase
In tobacco acreage Is expected in GER
tain communities. Everything points
at the present time to normal 2roduc-
ton In all industries throughout the
state for 1928.
1926 Bad For Corporations
Almost one-haIf Of the Connecti-I
cut corporations reported deficits to-
falling $50, ii3.S0T In their income
tax returns for the calendar year OF
1926 in their returns filed v" tol
August 81, 1927. It is revealed In
report just made public by the Blu
reau Of EHternal Revenue Of the
Treasury Department.
The number Of corporations re-
porting no net income during this
period Is $50, but in the state b.
b75 corporations filed returns show
ing net incomes which totalled viz
4s1,220. The income taxes paid by
these corporations reached $l4.S0s,
gI5. The total number of corpora
tions In the state is given as 6,b5b.
Massachusetts, led the other New
England states both in the amount OF
income taxes paid and In corpora
ton deficits. In that state s,3sf
corporations reported net incomes
OF 1884, g7O,6S5 with income taxes
totalling $47,441.44b. In Maine, L.
$50 corporations reported net incomes
OF s2.bg9,Ale with $3.9o7,T2s. inI
income taxes, and 1888 corporations
reported deficits of slo.202.B3b. he
turns from 1910 Rhede Island cor
porations showed net income Of $40
697 SIT with income taxes OF x6,2ss,.
$50. bat S75 corporations showed
S2l ,566. 522 In deficits. Reports from
6s7 corporations in Vermont showed
$40, ago, 66l In net Incomes and ST.
226, Ella in income taxes. with 3Sz
corporations showing deficits OF So
7g5,s7i. In New Hampshire. 672
corporations filed returns for $S,97i-
s45 in net income and Si,036,3s6 inl
income taxes with 800 corporations
with deficits of S7.7al,tA3.
Sub Bsse
The improbability of the removal
OF the New London submarine base TO
Florida, or 20 any other location, isI
indicated by Representative A. Psatt
Andrew Of Massachusetts,, chairman
Of the subcommittee on submarine OF
OF tine naval affairs committee.
Congressman McChntic's proposal
10 transfer the submarine base now Mt
New London 10 southern waters, Mr..
Andrew states, Is merely suggestion
on his part and has not even come
before the committee on naval at
fairs which is the House committee
,.,h;rh uauId handle the matter. The