New Britain herald. [microfilm reel] (New Britain, Conn.) 1890-1976, 1928-11-09

New York, Nov. S.@ReA New
York curb market seat has been sold
for $1S5,oo0. new high record and
an advance of $4,000 over the last
sale.
Pig iron production In October
averaged 10S,S32 tons daily. the
highest figure since May 1897. This
compared to 102,077 tons daily IN
September and $3.50 tons daily In
October 1927.
Bellanca Aircraft Corporation OF
New Castle, Del, stockholders are to
vote November 20 on the proposed
for ! split up OF common stock and
retirement Of the preferred. Addi-
tional common will be issued to
finance expansion.
Twenty-four chain store COM
panies reporting for October show
sales gain of 1917 per cent over the
same month in 1927 and an increase
OF i7.S Fer cent. for the past 10
months over the corresponding 1927
period. Woolworth tops the list with
October sales of s26.S95.213 and
kroger Grocery & Baking second
with SlS,l59,194. Total sales OF the
~ companies were $129,l54,t4l
against sl10,62S,566 in October 1927.
The Pennsylvania railroads $780,
100000 electrifcation project raised
the weeks total OF proposed con-
struction for the entire country to
$144,950, 600 against S59,000,O0O in
the corresponding period year
ago, the McGraw-Hill construction
daily reports. Apartment houses and
hotels accounted for S13,S5O, 900;
office buildings and stores, $780,
| 900: educational buildings, $780,
600: public work $6,OO0,00o; hospi-
tails. s3,2oQ,000: industrial projects,
s2,300,000.
! Net income of the First National
Stores, Inc, of Somerville. Mass,
for the months ended Sept. 80
| was $1,1I,54S. equal to $1.62 a
common share compared to $780,
:41 or s1.o4 common share in the
corresponding 1927 period.
Profit of the Shaffer Oil & REIN
ing company Of Chicago for the II
months ended Aug. 81, was $3,740,-
AL compared to $5,036,115 in the
preceding year.
The first earnings report OF the
Crown Zellerback corporation OF
San Francisco since its acquisition
of the Crown Willamette Paper
company shows net profit of ST.
S77,3SS for the months ended
Aug. 81. an increase of IS per cent
over the same months of 1927.
Radio Corporation of America re-
ported today earnings for the first
nine months of the year were more
than double those of the cores
pcnding 1927 period. Earnings
equalled 1888 a common share com.
pared to sass in the 1927 period.
While refusing to comment on re-
, ported sale of properties of petro-
leum securities company, r. Sands
preventative OF L. l.. Doheny,
said today Mr.. Doheny has no inten-
ton of retiring from petroleum in
dustry. Mr.. Doheny is still active
| and vigorous, and his physical con-
dition was never better, Mr.. Sands
said.
General Ice Cream Corporation OF
Schenectady. N. Y. directors an
nounccd an extra 81 dividend and
the regular quarterly of IS cents on
the common stock. both payable
Jan. 1 to stockholders of record
,, Nov. IS. The company was recent
ly merged with the National Dairy
i Products Corporation of New York.
The Equitable Trust Company an.
nounced today that it is importing
S3,250,000 in gold from England.
This brings the total movement Of
the yellow metal into this country
since the return Of the flow in this
| direction to more than 33o,OoO,oo0.
Imports from England have recently
become profita BILE as a result of the
decline in sterling exchange.
The weeks new bond offerings to-
tailed $75.765.o00 against $99,395.-
600 last week and $106,056,0o0 in
the same week Of 1927.