Hartford Courant from Hartford, Connecticut • 19

THE HARTFORD DAILY COURANT: MONDAY, AUGUST 12, 1929. 19 Hartford By A. E. Magnell, Stocks Financial Editor Curb Utility Issues Are Hardest Hit Three States to Honor 'Houston's' Launching Houston. Tex (AP.) Virginia.

Tennessee and Texts, the three state sharing claims to General Sam Houston, will share honors when the United States cruiser "Houston" ir launched at Newport News, September 7. Members of Congress and state of ficials of the three states have bees invited. Texans will go by specia train. The "Houston." the fourth cruisei of Its type to be built, cost $17,000,000 772.752. an Increase of $4 377.708.152; of which principal sum $7,591,288,739 covered ocean marine risks, an tnmwe of $582,099,220 for 1928 over 1927.

Earthquake insurance written in New York last year amounted to as compared with $24,683,557 In the vrar previous, while aircraft insurance totaled $6,601,636 as against $602,000 for 1927. To Joint -st x-k and mutual fire Insurance may be added the business of 165 New York co-operative fire companies, which are shown in an advance report issued in April Inst as having at th ebesinnlng ot 1929 assets totaling $4,775,766. Uab.liticscf $2,317,351. risks totaling $1,007,961,452, premium income $4,603,105. lasso a paid in 1923 $3,000983.

This business Is almost wholly in New York State outside of New York City. Stanley Works of New Britain Saturday announced that It ha4 acquired the R. L. Cuter Company, ot Phoenix. New York, manufac urer ol electrical portable and semi-rxr.

able toils. The purchase price of the company was not disclosed. Burnley Works will continue ta operate the Carter Company as heretofore under its own name. Fred O. Fuller of New Britain connected for many years with the department of Stanley Works has sent to New York ate to manago the new company.

Insurance Stocks React As Several Industrials Gain Travelers Proves Exception Advancing 5 Points in Week Aetna Life Drops 50 Stanley Works and Collins Company Strong Utilities Heavy Insurance company and utility stock prices in general closed the week with losses as compared to price levels attained the before. Bank stocks generally were unchanged while industrials made mixed moves, many recording fair gains. The market closed decidedly unsettled following the break on Friday due to the Federal Reserve Bank rate Increase at New York which unsettled prices for securities many markets of the country. Insurance stocks continued downward Saturday as did local utilities almost without exception, although a slightly better tone developed Just before the close and the market gave evidence of firming up due to strength of several industrials. Travelers proved an exception to Insurance stocks in general, closing the week at 18S0 bid net, 5 higher cn the week, although it had sold even higher during the week.

Travelers rights, howeve, were heavy, closing at 248 or down 4 points for the week. Other insurance issues were heavy. Aetna Life led the decline, dropping The Aetna Life lnsurar.ee Company statement for the first half of 1929 might be regarded as disappointing were it not for an illuminating interpolation in the statement and taking into consideration the absence of any information in regard to the all important item of which is not called for in a midyear report. In the statement of conditions as of June 30 this year Aetna Life reports its assets at $396,846,956 and Interpolates, by way of explanation, that the admitted assets were "valued cn the same basis as of December 31, 1923. This is the first time in recent years that the December 31 valuation was used.

The surplus as of June 30 was given as $34,506,316. this compared with $34,043,133 as of December 1929. The surplus reported June 30, 192S. $41,545,441 and as of June 30, 1927. $35,888,866.

The dyear statement does not call for Information regarding and it is possible that the reserves have been subs ant tally increased, but that will not appear until the December 31 statement is Issued. The statement as of June 30 showed the total amount of life Insurance then outstanding was $3,763,550,557, compared with $3,577,316,543 as of December 31, 1928. Following arc comparative figures as of June 30, In each of the last three years: Income Disbursements Surplus Asse.s 1927 $64,217,565 $44,780,964 $35,888,866" $321,431,019 1928 64.283.809 48,823,713 41,545,441 356.995,783 1929 64.376.507 52.985,405 34.506,316 3C6.846.95S It is regarded as significant that the Aetna Lllc In its midyear statement, using market values as of December 31, showed the best increase in three years and a decrease in surplus. Fusion of the New York Indemnity Company, one of the largest casualty companies in the country, with the Insurance Securities Company Group, is to be officially announced today by William B. Joyce, chairman of National Surety Company, the world's largest surety company, of which Mortgage Loans and Bonds Lead Purchases of Life Insurance Cos.

ItY GEORGE A. MIl.l.HR. loans received $14 081 774 67, or 62 6 per cent of the funds by ,110 reporting lite insurance companies during the week onded 3- hcn 0Mlv 509.079 35 was placed. The total was about $6 thmi the amount Invested far the previous week. Binds accounted tor $6.977.144 18, or 31 per ion.

and stocks absorbed $1 447 160.50 cr 6 4 per cent of lue total funds expended, Railroad bonds lid the bond issues, but were RbJiit $1,000,000 below th" mark set the. week before, and county andmunicipals fell off about $3,000,000 from lie high ol the previous week. Huyins of public utility bonds was slack, but the stocks of this tyw cf security showed a twin of nb.nit $200,000 over the previous week. The companies reporting tlv amount of their Investments each week are; Metropolitan hits Insurance Co. New England Mutual Life Insur.

Co. the New York Indemnity Company is Insurance Securities Company, back 50 points to 1345. and the new $10 par value stock moved off 4 to 138. Hartford Fire receded 30 to 1025, Aetna Fire 25 to 775, Automobile 15 to 555 and Hartford Steam Boiler 15 to 790. Rossia lost 5 at 65, Phoenix 5 at 1060 and National F.i; 4 at 89.

Among the bank stocks Hartford National bank Irust was the only issue showing a change on the week. It closed down 10 points at 550 bid. Connecticut Power led the decline among utility issues dropping back 4 points to 137. Hartford Electric Light lost 2 at 144 and Southern New England Telephone 1 at 200. Stanley Works and Collins Company were cutstanding strong spots on th; Irregular industrial list.

The former made a net gain of 4 points during the week to close at 65 bid and the latter improved 10 at 150 Fuller Brush Class AA common improved 5 points at 65 and the Class A 2 at 17 bid. International Silver common closed the week at 145 bid, up 5 from the close of the week before but down some 10 points from high levels attained during the week The preferred gained a point at 110. Russell Manufacturing Company gained 5 net on the week, closing at 150. American Hardware was a point better at 65 as was Torrirgton at 73. Standard Screw common closed the week off 5 at 162 while Niles-Bement-Pond lost 4 at 50.

Bristol Bras lost 2 at 31 and Coit's lost 2 at 30. Union Manufacturing moved back 1 to 18 and Seth Thomas ClocK preferred lost 1 at 25. Bigelow-Hartford Carpet was off a point at 96 and Landers, Frary Clark dropped back V3 to 66. confirmed the addition of the New York Indemnity Company to the fleet of insurance companies owned and operated by Insurance Secur.ties Company, Inc. The merger of these Interests marks a new and close relationship between two of the largest and most active insurance groups in the country.

The announcements followed a series of mee.lngs between W. Joyce, chairman of the National Surety Company, and Mike M. Moss, senior v.ce-president of Insurance Securities Company, Inc. National Surety Company becomes ft larger holder of stock in Insurance Securities Company as a permanent investment. A number of directors of the National Surety Company will become directors of Insurance Securities Company, and a mutuality of interests will be created betwecrl the two groups as the New York Indemnity goes under the management of the Insurance Securities Company.

The New York Indemnity Company was organized at the close of 1921 and its statement of December 31, 1928, shows total assets cf $8,567,665, a capital of $1,000,000, and a surplus of $679,799. Its total premium writings last year were $7,331,748 and its unearned premium reserve amounted to $3,045,808. citirm of th New York Indemnity Company marks another the casualty branch. Simultaneously through V. Irving Moss, its president.

insurance Securities Company which 77 company Bankers Mercnams rire insurants Guarantee Company of New Orleans Hank Stork's Bankers Trust par 100 Capitol National Bai.k 4t Trust, par 10 City Bank True. 1, QJ. par 25 Com. Trust of New Britain. QJ, par Connecticut River Bi par 30 First National.

10. par 100 Hartford National Bank trust Cn. 12 Par 100 Hartford-Connecticut Trust. G'i. par 25 Hartford Morris Plan.

QJ, par 100 Land Mortgage it Title. 10 i QJ. par 50 Merchants Bank Trust. QJ. Mutual Bank Trust.

par 100 New Britain Trust, QJ, par 100 Park Street Trust. 12r; QJ. Dar 100. Phoenix State Bank Si Trust Co Dar 100 steo in the remarkable growth of the is now one of the leading laciors me rruucnuai insuruncc uo. of America Missouri state Lite Insurance Co.

New York Lite Insurance Co. Connecticut General Life Insur. Co. Equitable Lite Assurance Society Provident Mutual Life Insur Co. Mutual Life Insurance Co.

of N. Y. Hankers Life Company of Iowa Northwestern Mutual Lite Ins. Co. Canada Life Assurance Co.

Acini Life Insurance Co. Connecticut. Mutual Life Ins. Co, John Hancock Mutual Ltf? Ins. Co.

Pacific Mutual Life Insurance Co. Mutual llcnefit Life Insurance Co, Mute Mutual Life Assurance Co. Pcnn Mutual Lile Insurance Co. NutlonnI Life Insur. Co.

of Vermont Massachusetts Life Insurance Co. Equitable Life Insur. Co. of Iowa Union Central Lite Insurance Co. Lincoln National Life Insurance Co Phoenix Mutual Llie Insurance Co.

The above-nnmcd companies made investments in the following classifications during the week ended August 3. 1929; Pet. A Loans on Bonds and Mortgages $14 084 774 67 (1 Loans on iarm property 2 332 255.24 10.4 (2) Loans on dwellings and business properly. 11.753.519.43 52 2 Railroad Securities 3,273 673 64 (1 Ikmds 2,946 975 64 13.1 (2) Stocks 326.698.00 1.4 CPublic UUIitlcs 1,661,446.53 (1) Bonds 1016.575.50 4 5 (2 Stocks 644 871.00 2.9 Government Securities 1,855,309.79 ill U. S.

Government Bonds (2i Canadian Bonds 447500.00 2.0 (3 Foreign Bonds (4) State. County, Municipal 1,407,809,79 6.3 Miscellaneous Securities 1,833 874.75 (1 Bonds 1,153 283 25 5 1 (2) Stocks 475,591 50 2 1 Totals $22,509,079.35 100.0 $22,509,079 33 Significance of Weekly Investment Of th3 $14 084 774 67 invested In mortgage loans during the week ended August 3 by the above-listed life insurance companies 84 per cent went into loans on private dwellings and busnwss property. The remainder was placed in farm loans. These loans are made 011 property scattered widely over the er.c United States. Literally thousands of cities and practically every State in the Union is represented In the list.

These Investments aid the individual house owner, the builders af apartment hou.es, business blocks and the farrner. Represented In structural materla's. they may be translated into millions of bricks, thousands cf tons of mortar and cement, tralnloads of lumber, shingles, plaster, etc. In addition, thee louns help pay wages both to the constructors and the men who manufacture the raw materials. The individual, of course puts a part of thcf.3 wuges and earnings Into Insurance premiums, which in addition to protecting him and his family, provides part of the funds with which his employer meets his obligations.

(Copyright, 1929, by N. Y. Evening Post, Inc.) companies in tne insurance bkuiw. 7 Company of New Orleans, Detroit Lite Insurance Company of Detroit, Northwestern Casualty surety Insurance Company ot New Orleans. nmnn nf npw Orleans.

Union Title 1929 Capital High Aug. 10 325 500 Low 3 260 000 32S 300 2B5 500 235 300 270 475 675 140 40 175 190 550 420 450 45 97 263 325 475 500 600,000 1,000.000 100 500.000 150.00(1 i. 1,530.000 QJ 4.000,000 3.000.000 150.000 500.000 300,000 1.000,000 500 500 235 300 615 680 220 51 200 200 225 1300 575 750 48 98 550 425 260 260 563 550 230 40 220 200 190 1300 700 230 40 220 200 190 1300 5 700 150.000 QJ 1.600.(100 400.000 400.000 500.000 150.0C0 475 473 7.500.000 5.000 000 10.000.000 5 O0O.CO0 840 635 59 1110 94'i 1065 700 355 50 770 82 730 63 780 570 58 1055 93 1065 70 755 555 58 1025 89 lO-'O 65 6.000.000 3.030 000 3.000 00D 3,000 GOO lj.000.000 15.000.000 2 CCO 000 2.OOO.O01 17,500,000 au. 2000 870 1990 1990 205 175 205 205 1460 800 1395 1345 143 142 138 2350 1603 2250 2250 880 725 fi05 790 150 105 120 121 2005 1475 1855 1810 252 252 248 Riverside Trust. 10, Par 100 Underwriters' Finance QJ par 25.

xUnderwrtters' Finance pfd 7. QF. par 100 xxWest Hartford Trust, par 100, 6, QJ Fire Insurance Companies and the newly-formed Union Title Si Trust Company of Fort Worth, Texas. The addition of the New York Indemnity Company gives the Insurance Securities Company a complete diversification in all branches of insurance underwriting, and materially enhances its already strong posl.lon in the Metropolitan territory. The c-owth of the busineis of the Insurance Securities Group has been Dhenomenal.

The resources, which totalled in 1924. have grawn to over $35 000.000 in 1929, and with the New York Indemnity Company wlil exceed $42 000,000, while inves.ment income has risen from $500,000 to over $1 500,000. The casualty and surety divisions of the group in 1928 showed the createst gain in premium income of any casualty company In the Un tod States The premium income of tho constttutent companies amounted to $15,464,255 In 1928. For the first six months of 1929, the combined prem.um income amounted to $9,485,463. Earnings on Invested capital of 561 of the leading American Industrial corporations aggregated 10.1 per cent in 1928 against 8 4 per cent in 1927, according to the annual earnings bulletin published by the Standard Stit s-tics Company, of New York, and Just made public.

The composl balance sheet of these 531 corporations for 1927 and 1928 Comparative Balance Sheet (In millions of dollars) Leaders Finish Week 5 to 55 Points Lower After Drastic Selling Air Group Dull New York, Aug. 11. (AP.) The curb exchange during the oa.it week experienced one of the most severe declines in its history. Selling starred the first of the week by the break In the Insull group of power and Investment stocks, turned into a flood Friday, following the raising ot the Federal Reserve Bank's discount rate from 5 to 8 per cent. A rally Saturday cut down the losses, with the leaders finishing the week 25 to 56 points lower.

The utilities were the hardest hit. but even at their lowest levels reached on Friday they were selling well above their year's low prices. A few closed the week behind plus-signs, notably Duke Power, which finished with a net cain of 32 points. The maximum decline was tallied by Central Electric convertible which closed the week at 370, State flown 50. Earlier this year it sold at.

87. Insull Utility started the selling on Monday, broke, from 140 to 93 iind finished the week at 109. rising 15 points Saturday. Middle West Utilities had a wide range, dropping from 452 to 375 and closing at 425. Commonwealth Edison, another Insull stock, fell 21.

Electric Investors ranged from 297! 3-8 to 254 1-2 and finished with a net-loss of 18 1-2. Such issues as Elec-." trie Bond rV Share, Allied Power. American CitH and East-, ern SUtes American Superpower, and Central States Electric lost 7 to nearly 14 points, BrazUlan Traction, Canadian company controlling Southern American utilities, gained 6 1-2 points In face of Fridays break. The investment trusts broke with the rest of the market, but. the decline In that groun was more orderly.

Two Issues Trlcontlnental common and nreferred gained more than 10 points each In anticipation of the company's first earnings statement Electric Shareholder common dropped 8 1-2 and the preferred 18 1-4. Pcnn-road (rot below 25 on Friday, but rallied Saturday. Crocker Wheeler in the industrial group trave an outstanding performance of rtrength, establishing a new high on Friday and finishing the week with a net gain of 18 points. Proctor At Oamble advanced 20 In re-soons? ri announcement J. P.

Morgan Co. had bought into the company. Aluminum Limited got up 28 point, reaching a new high, but its parent A'nmlnum Company, slumped 44 1-2. The oils were strong the first of the week in the fac of further in-crease-i in crude productions. Stand-ard Oil of Kansas gined more than a noint on Its earnings report The ft Ir stocks as a proup- were dull.

The Curtlss-Wrlatht issues touched new lows on Fridav on a I'sht volume ef trading. Aviation Cornoratlon. after weeks of inactivity, awakened on announcement apollci-tlcn had been made to list the shares on the "big board." Newmont Mining was strong the of th week on improved, outlook for the enner then dropnec! from 218 205 l-t and closed Saturday at 212. 1,11.1,.,.... Electrical Trade (From Electrical World.) Orders for electrical equipment and apparatus continue at a good; rate.

While unmistakable signs of summer recession are apparent, both as regards central station business' and Industrial buy'ng, the turnover' compares most favoraoly with this time last year. There Is fair business in electrical equipment in the Eastern district, but a more conservat've buying policy Is noted. Wire and cable sales have been ho'dlng up well. The New England area reports a good demand for floodlighting, pole, cable and control equipment brought about by the development of airports In that territory. On the Pacific Coast, poles and cable continue to lead the commodities in demand, with the total volume of business approximating normal.

August sales in the St. Louis district have maintained the steady volume of the two months previous, in improvement being noted In radio ss In this area. Giant "Bouncer" Effective. Employing Germany's tallest man as "bouncer." is the easiest way to keep order. So say the proprietors of a Berlin movie theater after a trial of the services of Jacob Naken, seven feet three inches tall.

The managers say that Joe needs only to present himself when trouble starts, for the trouble-makers take one look at him and quiet down. INSURANCE COMPANY of Scolland "Oldest Scottish Ins- Office United States Head Office 535 Asylum St. Hartford. Conn Wakefield, Morley Co. General Agents 209 I'earl St.

Hartford, Ct Losm Pnimplly Settled and raid 1805 l92T Aetna Fire, 20'r. QJ, par 100 Automobile Insurance, par 100 QJ. AuiomoDiie insuiance, par 10 Haitlord Fire QJ. par 100... National Fire Ins.

par 10 Phoenix Fire Ins par 100. Hossia Ins. par 10 Life and Indemnity Ins. Aetna Casualty Ar Surety. QJ.

par 100 Aetna Casualty Surety, par 10. Aetna Life, par 100 Aetna Life, par 10 Conn. General Life. 12 QJ, par 100 Hartford Steam Boiler. 16, par 100 Lincoln National Life 2, par 10 xxTravelers.

par 100. QJ Travelers rights Public Utilities Conn. Elec. Service, no par, QJ Conn. Eke.

Service rights Conn. Power Co QM, par 25 Conn. Light Power pfd QM. par Greenwich Water Oas r. Or', oar Hartford Gas com.

8'i QJ. par 25 Martlord Gas Co rights, wi Hartford Electric Light. par 25 Hartford Electrlo Light rights Holyoke Water Power 12' QJ. par 100 So. N.

E. Tel. 81, QJ15, par 100 Manufacturing: Companies American Hard were American silver 8-'e. QJ. oar 25 Biirclow-Hartford Carpet 6'; kBigelow-HartloTi Carpet Co com no par QF, Co.

1927 Marketing" Organization Is Formed Over the Counter We the in Make Markets BANK INSURANCE and INDUSTRIAL STOCKS flOIlReSESlteSTER MEMBERS Unlisted Securilict Uealtrt Ann. Ann. el Bank Slock 74 Trinity Place. New fork Whitehall 1112-18; 3760-1') Hartford Phone 5-2135 Direct Wirt to CiicaJo Hart Smith Co. MembiTs t'nllteit Keiuritie, Dealer, Al n.

Dealers In Bank, Trust Insurance Title and Mortgage Co-Slocks CANADIAN SECURITIES Interstate Trust Century Bank Sun Life Assurance of Canada 52 Wall New York Tel. Whitehall 9980-5 We Wish to but 500 Chase National 500 Bank of U. S. 200 Empire Trust Co. 200 Guaranty Trust Co.

200 Hibernia Trust Co. 1000 Irving Trust 300 National City We Wish to 500 Bankers Trust 500 Chase National 200 Chatham Phenix 50 Countv Trust 200 New York Trust 200 Guaranty Trust 1000 Irving Trust Gilbert Eliott Co. Mmfmrt Aw tnrti Vorlf t.trhaHft Membmr 4n. Ronlt Stork rnvr II Broadway ie York Direct Wires 7-1 18 Nat'l City Chase Nat'l Irving Chemical Manufacturers Guaranty Bank U. S.

'America Park B. H. ROTH CO. Members New York Stock Exchange Aiioclatc Member, N. Curb Eichans Mcmbcrf An Bank Slock Dtal.rt 52 Wall Street, New York Hartford Tel.

7-1144 J. S. Bache Co. Member N. V.

Stock tljchanee Hotel Taft New Haven Tel. Charter ISO Seymour Gans Representative. less etc. Investments Intangibles Other assets Current Asse Cash and Equivalent Receivables Inventories (Cts Total current assi Total as.t3 110 140 141 11 11 153 125 141 137 119 115 119 119 98 97 94 98 90 87 97 8 8 148 127 146 144 17'a 16 17 i lTi 750 490 675 "-7l 202 155 201 200 73 63 64 65 28 23 25 102 100 101 103 I 106 85 97 96 45 10 33 31 575 375 575 575 If 2 104 110 150 43 29 32 31 60 48 50 51 145 100 100 100 72 61 60 65 13 15 15 17 20 215 155 115 140 145 118 108 109 110 72 65 66 lb 66 12 9 10 10 18 16 16 16 25 23 23 23 66 26 54 51 29 22 24 24 19 12 14 115 175 130 111 176 86 15 150 37 28 38 38 26 25 26 25 105 100 100 1 00 170 101 167 162 101 100 100 100 67 52 61 65 83 65 72 73 975 700 950 9VI 19 16 19 18 48 39 45'i A New atotk Bristol Brass Corp. par 25 i-ase uockwooo ei uruinaid Co.

1U'. par 100 Collins QJ. oar 100 Colts Arms, QJ15. par 25 Eaple Lock pjr 25 Famlr Bearing par 25. QJ Fuller Brush, Clas" AA.

12'. QF. par Fuller Brush. Class A QF. com.

par Hart Cooley. 16' par 25. QJ International Silver, fi'i. QM. nar 100 international silver, oj, par 100 100 100.

775.774 7.917.500 4.500.003 2 Ot.vonn 3.500,000 13.000.000 2.400.000 12,400.000 400.000 2,724,300 QF 1.500,000 JSJ 20 25.... 370 000 1.500.000 5.000.000 2.010.030 3.000.000 225.210 834.925 1.501.000 9.944 700 6 028,588 10.500.000 64 OOOsh 71.960 165.000ih 2.500.OC0 2.000.000 nno 2 000,000 700.900 193,650 601,000 5.950.000 625 ooo 10.400.000 560.000sh mo.000 1,000 nno 75.000sh a-Wlth extras liabilities. 1928 $17,108 2.8(6 1,021 Did 4.413 3,277 5.983 Fer cent Changs 141 2.653 1,045 1,100 rVR 3.1 111 20.5 12.7 41 3 607 2921 8'748 $12,324 $13,673 11.0 $35,581 6 8 4,363 4,020 12,903 844 4.339 4,080 13,846 849 823 8.517 1 669 2.461 07 15 7 2 0.6 140 10.3 207 143 not 7,714 554 2,703 3,130 15.5 $33,277 $35,584 8.8 9 7 9,616 $10,543 Landers. Frary Clark, 12'i. QM31.

par 25 Manning, Bowman Class B. no par Manning. Bowman Co Class no par New Haven Clock, no par Ntlos-Bement-Pond. no par North Judd Mfg. par 2i.

QM31 Peck. Stow Wllccx. 61. par 25, QF15 Plimpton Mfg Co 6Tr. QM car 100 Russell Mfg, Co.

QF. par 103 Seth Thomas Clock G'i. ner 25 Seth Thomas Clock 71, QF15 Smyth MfR. Co par 25. IS.

QJ Ncw Rail Investment Company to He Formed New York. Auk. It Street understands that a new investment company which 11 specially; In American, Canadian and European rail stocks, la soon t3 be organized by a New York banking house and several nromlnent railroad executives. The new company v.111 have a Initial capitalization 01 anoui 525,000,000. Unlisted Stocks Firm In Trading During Past Week Financial Companies Show Small (Jains Utilities Generally Steady Standard Gas Electric continued a Hrons feature in trading in local unlisted secur.ties during the past gaining 10 points to clo.e Saturday at 400 bid.

Connecticut Gas ti Coke common caisd off two points to 33 did United Illuminating which the w.ick at 173 bid. Park Company was 2 points better on the bid ld3 closing the week at 102 and CHv Company was a point higher at 108. Willimantlc Company wa off a point at 49 while American Colonial was offered Rt 54, two down from the offering price a week ago. Puhlie Itilillrs. Brldgeoort Gaa.

$2 Cnnlul I5W AsKecl A. 165 OOOf 57 61 ErldKi-mrt. Jj, W.I15. par 20. fl.JOO.OOO 47 50 Com.

Water Berv. Pirl, QM 95 100 Conn. lit Coke common 3n000h 33 )' Conn. Ua Coke pM. 13.

QI 200 47 50 Dritam Oas I.t. 3'. Q.I. par 25 1.250.000 75 Siamford G. r5t El Standard Screw, 81, par 100, QJ otaiiuara screw par 100.

QJ Stanley Works Torrlngton, 121. par 25 Terry Steim Turbine, various tar 1C0 Union Mfg. par 25. QJ Veeder-Root, $2.50. QJ15 xx Ex-rights x-Ex-divldend Funded debt Preferred stock Common stock r-onitnl reserves Other Liabilities Surplus Current Liabilities No's payable Accounts payable, etc Total current liabilities Total liabilities Net work.ng capital Current cssets ratio Comparative Net profit Fixed charges Net income Preferred dividends paid Common divs.

paid (cash) Surplus adjustments Surplus for year Total invested cap.tal Per cent earned on invested cap.tal Total property f.nd investments Per cent earned on property and invas' United rowers Will Cooperate in Fruit and Vegetable Deals Capital 50 Millions New York. Aug, 11. (AP.) Formation of the United Growers of America, a nation-wide fruit and vegetable growers' cooperative marketing organization, to work In harmony with the Agricultural Marketing Act and In accordance with the policies of the Federal Farm Board, was announced here today. The association will have an authorized capitalization of $50,000,000. The new organization, with executive offices in New York, will have as membera several smaller Independent association located In various parts of the country.

It will maintain a domestic and foreign sales service for the Joint use of the cooperative associations and growers' organizations. Julius if. Barnes, chairman of the board of the United States Chamber of Commerce, will be chairman of the board. Director include William M. Jardlne, former secretary of agriculture.

More Complete Service. Plans for the operation of the new association do not contemplate any or cnange in the existing cooperating growers' associations, the announcement said. The purpose cf i the United Growers of America Is to strengthen such local organizations by obtaining for them a more com plete marketing service, adequate credit and other advantages not now accessible. The organizations becoming associated with the United (irowers of America will continue to function in their respective local fiei'ls. The announcement said a large number of cooperative associations.

both national and local In character, have pledged their tonnage and financial support in the organization of the United Growers and that pledges already received provide for many thousands of carloads of fruits and vegetables for shipment to the and foreign trade. 4 5 Income Account. 2522 2')3 2253 258 1.376 457 178 4.4 3,197 3 2,938 252 1.503 345 839 $31,631 10.1 $19,912 16,1 23.7 4- 24 2.15 1.9 -r 91 24 5 -t 371.3 $29,847 8.4 $18,799 men 13 45 Comparative Values of Hartford Stocks Market values of stocks listed on the Hartford Stock Exchange based on Saturday's closing bid prices, quotations a week ago, month ago, year ago, two years ago, the 1928 and 1929 and low records for all groups combined and the all-time highs for Individual groups follow: Life Insurance Fire Insurance Banks Saturday $729,975,005 $91,954 500 Week ago 737,725.000 322.235.000 92334,500 Month ago 689.600.000 310.760,000 90,529 500 Vear ago 516.175.000 22i5.876.000 75 242.50J Twi years ago 386.500.000 169 584.100 62.061.50U 1928 high 1 Dec. 29) 607.250,000 2tt6.050,000 2 781,000 1928 low (Jan 14 478.350.000 233 550,000 68.989 50! 1929 high (Aug. 3) 737.725,005 322,1 ,000 92 334,500 1929 low (Jan.

7) 617.350 000 293.770.000 8218 500 Group highs 737,725 000 329,750.000 93,406,000 Utilities Industrials Total Saturday $336.133 780 f307.o68.372 $1,777,941,652 Week ago 39.190.585 304.852.624 1.736.337.701 Month ago 319,045.135 305 853 688 1,715,788.323 Year ago 219.795.959 279 218.446 1,317,307.896 Two years ago 166.889.825 266.458.761 1.051,494.08(1 1928 high (Dec. 29) 234.820.005 33.365,303 1,543.266.303 1928 low (Jan. 14 167.705 005 209.224.7:2 1.217.819.20! 1929 high (Aug. 3) 339.190.585 304.852,624 1,798.337,701 1929 low (Jan. 7) 234 689.000 333.040,735 1,561,359,233 Group highs 339.19O.C80 235.225,717 Albert Conway, superintendent of lasurance, is preparing ti issue, shortly, the first volume of the seventieth report of his department, dealing with fire and marine Insurance and summarizing the 1928 statements of such companies authorized in New York State.

This. volume Is prefaced with trie superintendent's report to lhe 1929 Legislature. In the form of text ana tables, reviewing the year 1928 and making certain recommendations. The aggregate bus.ness of 300 Joint-stock and 73 mutual fire and marine companies authorized in New York State during 1928, and their condition at the end of tha: year, are shown as follows; 1928 Increase or decrease over 1927 As-cLf, December 31 2.654.456.21 14- 345,717,236 'labilities 1.292,960.697 4- 69,825,270 Capital 69.165,610 1,012.971,494 215.726.353 Premium income for year 1,043,434 2964- 21.895.225 Total Income 1.335,977,9144- 134,569,545 Losses paid 470.886.370 13,390,082 Total disbursements 1,094.009,302 38.067.926 Risks written during year fire 167,386,160,443 2619.814,285 R'sks written during year all other 174.104,199,254 15,333.473.124 In force at end of year 228,075,856,777 4- 10,655,982.434 In addition to ihe ebwe companies, seventeen Lloyds and lnteriasurers iiiow assets of $22 liabilities, premium income, $8,409,566, losses paid, $3 074.633. The total of fire premiums received In New York State during 1923 by Joint-stock and mutual companies was fire looses incurred, Ocean marine premiums received by Joint-stock and mutual companies In New York totaled $23 losses incurred $15,369,878.

All premiums other than fire and oean marine received by Joint-stock and mu.ual companies in New York, Including motor vehicle, aircraft, inland navigation, tornado, windstorm, hail sprinkler leakage, earthquake, losses incurred, $17,830,526. Total amount of fire mks written by and mutual companies in New York during 1928, an increase of $256,802,941 over 1927. Total amount of all risks other than fire written in New York, QJ15. par 100 410 410 ln Illuminating. 3 60.

Ql 565,437 173 182 Un. llmmmatin. Part I'd. receipu 141 146 Waiernury Can. QJ.

par 25 2.640.000 70 Indunlrl.ils, A w-H art Hcsmian. 11 60. QJI5. par 10 2.000.000 43 Eearrlnley Wol- catt. 1 50.

QJ M.OOOsh 30 32 Stanley Work, pf. par 25 3.500,000 25 27 Prentice Ml? 45 50 Industrial Store. 16 Financial Companies. American Colonial par 23. 510 000 Park Co.

par 2.5 1.2V) 001 )fi2 107 City par 25 11 113 EaM Hartford Co. par 25 610,000 160 170 xE Hampton Ke- eurity Co, Ql'. 5-1. par 25 100,000 55 60 MlrlU'town N'at'l Corp. par 123 MO 43 45 Puriten Invet Co.

par 25, 6'i 75.000 4 5 30 Portland par 25 100, 57 60 Avon par 25 125.000 40 45 Willimantlc Co. par 25 210,0:0 40 31 Fidelity Co. of pir 23 SOO.OfO 67 Bank). Fidelity Ind. Bank PT 100 200 ono 1S2'2 170 par 25 'new i 25O0W) 40 45 Ztil Hartford Tr.

200.000 1000 Statistical Record (From linn's.) Latest Week: 1929 1928 Bank Clearings $13,107,312 000 J8.96S 021.003 Crude Oil Output (Bbls.) 2.903 600 2.404,15(1 Freight Car Loadings 1,101.061 1.034 32-1 Failures (Numoen 435 470 Commodity Price Advances 23 Commodity Price Declines 3i 41 Latest Month; Merchandise Exports $337,050,000 Merchandise Imperii 352.000.000 315.118,001 Hiding Permits 157. 163.600 252.911.900 P.g Iron Output (Tonsi 3,785.125 3.071,824 Unfilled Steel Tonnage 4,304.167 3.416,822 Cotton Consumption Baissi 668 229 577.710 C't ton Experts (Bales) 328 068 551,345 Duns Price Index $192 .206 $194 132 Failury (Number 1.752 1,723 tlXiily average production. consumption. Attention of Dealers Bankers Trust Investment Tr. Assoc.

Chase Nat'l Bank United Founders li Chemical Bank Fuel Oil Motors Standard Screw i Inquiries Invited. Trading Department Tracy, Willis Richardson Memitrt Ntw York Curt Extbangt 25 Broad Street Bowline Green 6741 New York.N. T.m i.