New Britain herald., 1929-02-28
VEEDER. R.RO0T, INC.,
 EARNS 260 SHARE
Profits Exceed Anticipaions, Pres. Chids.y Says in Report

Veder- Root. Inc, of Hartford and Bristol has earned &e6o per share in the eight months of its existence. This is slightly more than full years contemplated dividend of s25O. The figures are obtained from the report to the stockholders of John T. Chidsey. president.
 The capitalization consists of 75,- o0u shares of no par. the value at issue on May 1, 1928. being $2,1s6,- 643.71.
 The net profits from operations have been s2l0,01S.04 and the net income. before providing for federal and state taxes. amounted to s226,- 759.45. From this s32,097.9S was de- ducted for taxes and s93,750 for dividends, leaving a net transferred to surplus amounting to s1oo.91l.- 47. The capital as of December Sl, last. is s2,2S7,5o5.1S.
 Commenting on the companys sit- uation, President Chidsey said:
 We have gone through the or ganization period-adjusting of sales force to the problem of combined sales-and closed the year with sales substantially ahead of combined to- tai of the two corporations for cor responding period in the previous year. Our export sales have been in especially good volume.
 All administrative and produc- ton details have been met with no lost motion. At all times have we kept up with sales requirements. with ample capacity for expansion.
 Both plants are in the highest physical condition, with modern equipment. and full provision for fire, accident and use and occupancy. We have a fine force of skilled men and women at each plant, execu- tiyes, engineers. foremen and opera tives. for present and potential needs.
 Counters are being sold to all the leading industries. metal working, all textiles, canning, packing, foods, traffic. automotive. vending ma- chimes, and for many miscellaneous puTpObeS. OuE PIouuNGS bedi O. iiho reputation in the trade and are in good demand.
 '"There are several new develop ments going through our experi- mental department which gives promise of sales in increasing vol- ume to other lines not hitherto reached. Our engineering depaft- ment also is making many plant surveys to determine new counter possibilities. and we are well equip ped for work of this kind. We have made quite . number of additions to our working force at both divisions.
 Bristol Division has one of the most efficient Chromium plating plants in this section of tho country, which has been taxed to its utmost, running twenty-four hours . day most of the time. Bristol Division also has done much in developing the fabrication of the new rustless iron for various purposes This seem- ingly has great possibilities.
 Hartford Division is producing in our special process Veeder metal the finest and most accurate small die castings it is possible to turn out. The use of these. wherever adapted in our own counters, has contrib uted very largely to their deserved popularity as standards of accuracy and reliability.
 Orders received since the begin ming of 1929 are well ahead of 1928"
 Officers of the company are John T. Chidsey, president and treasurer: Graham H. Anthony. vice president: Ralph c. Coxhead. vice president: John H. Chaplin. secretary.
 The directors are Graham H. An thony, Fuller F. Barnes, Frederick s. Chase. John T. Chidsey, Charles B. Cook. Henry H. Conland Ralph c. Coxhead L. Brooks Leavitt, V. Russell Leavitt, David J. Post Charles D. Rice, Lucius F. Robinson Charles T. Treadway. Curtis H. Veeder and Frank E. Wolcott