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U.S. Business Profits Soar Could See the Youth from a Second at Glastonbury Bank Floor Window

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U.S. Business Profits Soar Could See the Youth from a Second at Glastonbury Bank Floor Window PAGE TWENTY - EVENING HERALD. Mon., March 19, 1879 Business Executives Help Open Grossman's MANCHESTER—Executives of Grossman's, an Evans State Bank Sets ^oducts Co., helped launch the grand opening of a new Aides Deny Romance Fish Named as Cause Grossman’s Outlet at 145 Spencer St. - Hike in Retirement Age Big 10 Basketball Teams Records in 1978 The new Manchester store, according to Dis^ict Between Ted, Margaret Of Massive Poisoning Called 'Harsh Sentence* Manager Dennis Johnson, is a toUl of 19,200 square feet Reach NIT Final Round and was ronstrucM using the latest concepts in modem Page 2 Page 8 Page 4 Pngp 9 MANCHESTER —Another record-breaking year was design, offering wide aisles, self explanatory signing and posted in 1978 by Manchester State Bank, president a large free parking lot. Nathan Agostinelli has announced. store will feature a wide variety of Agostinelli reported record earnings of 895,286 after building and home improvement supplies, including a taxes, compared to earnings of $60,796 in 1977. The in­ large selection of prefinished paneling and Evans paint, Hanrl|rat?r crease was 57 percent. Earnings per share were $1.27 in complete kitchens and bathrooms, floor coverings and Mostly Sunny, 1978, compared to 81 cents in 1977, for an increase of 64 other home products as well as do-it-yourself percent, accessories. Clear Tonight “At our present growth rate we expect 1979 to be On hand for the ^an d opening of Grossman’s new store Grossman’s has earned, more than once, the Retail of customers from Coventry; John Gregan, assistant Details on page 2 another profitable year," Agostinelli said. “Our income were (left to right) Pat Sher, vice president and regional the Year Award of the Brand Names Foundation. \ manager of the store; Dennis Johnson, district manager; The addition of the Manchester store brings was up in all areas. We attribute this to our basic policy manager; Noel Goulston, zone manager; Dan McIntyre, and Ken Gee, vice president of operations. of service to the local Manchester area. manager of the new store; Stella and Guy Philbrick Grossmans’ outlets to 14 in Ckinnecticut and 166 national­ “Manchester is our home, not a branch. Over the years ly. more and more area residents appreciate our hometown (ElCK.io'dUSk.lW approach and have continued to use our services." Arson Attempt Vol. XCVIII, No. 143 — Manchaater, Ckinn., Tuesday, March 20, 1979 Agostinelli said. MANCHESTER — A youth with ' A Family NEWSpaper Since 1881 a 20t Single Copy • 15* Home Delivered State Bank's annual meeting will be March 30 at 10 some ignited material in his hand a.m. at the Manchester Country Club. A complete finan­ was seen by a Lydall, Inc cial report will be available then. employee Monday night attemp­ ting to start a fire at the rear of the company, police reported Dividend Increases Two questions to ask yourself today. Ttie witness told poUce that he U.S. Business Profits Soar could see the youth from a second At Glastonbury Bank floor window. He had some type WASHINGTON (UPI) - Profits labeled the corporate profits picture and the greatest concern from the the fourth quarter were 9.7 percent services produced in the United of material on fire in his hand. earned by U.S. business firms during a “catastrophe.” GLASTONBURY —.John H. Hamby Jr., president of White House — was corporate higher than during the third quarter States — jumped 6,9 percent during when choosing a low tar: Some of the sparks dropped and the first three months of the ad­ The Commerce Department also profits. Glastonbury Bank & Trust Co., has announced a dividend — a compounded annual rate of about last year’s fourth quarter. ignited the grass. ministration’s anti-inflation program said that the overall economy grew increase of 12 percent. The Commerce Department report 40 percent. Originally, the government When the employee yelled, the soared 26.4 percent over last year, at an annual rate of'6.9 percent, after The new quarterly dividend rate of 28 cents per share said U.S. companies earned $225.3 By comparison, corporate profits believed economic growth advanced youth stomped on the fire and fled the government reported today. adjustment for inflation, during last was voted by the bank's board of directors after the an­ billion, before taxes, during 1978’s during the third quarter actually at a 6.1 percent annual rale. That on foot easterly toward Salters The new report from the year’s fourth quarter — considerably nual stockholders' meeting. fourth billion earned during the final declined slightly from the second figure was revised to 6.4 percent last Pond and across the dam, police stronger than previously believed. The bank last Increased its regular dividend in May 1978, Commerce Department could deal three months of 1977. quarter, the new report showed. month and then revised once again said. the White House a serious setback in Inflation, meanwhile, accelerated when it went from 20 cents to 25 cents. President Carter announced his Although the profits gain was today. The area burned was a small its attempts to convince labor to hold at an 8.2 percent annual rate during The new dividend is payable April 2 to stockholders of stepped-up anti-inflation drive Oct. large, it was nowhere near a record. The change pushes the full year patch of grass. its wage gains to 7 percent this year. the same period. record March 13. 24, retroactive to Oct. 1, the first day The Commerce Department also growth rate of 4.0 percent compared Three fires, all of suspicious Alfred Kahn, the administration’s But the sector of the new report of the fourth quarter. Hamby said the increase was consistent with the said that the “real” Gross National with 4.9 percent in 1977 and 5.7 per­ origin, have occurred at the paper chief inflation monitor, has already which will draw the most attention — In addition, profits earned during Product — the value of all goods and cent in 1976. bank's plan to maintain a payout ratio of about 35 percent company during the past few of earnings. weeks. "Never before has the bank been so well equipped in terms of product and personnel to meet the needs of the , *L Just how low in tar is it? Challenge Due marketplace," Hamby said, "We are optimistic about MANCHESTER - There ap­ Carter Briefs our financial prospects for 1979 and the 1980s." parently will be a challenge to the In January of this year, the bank announced record ear­ ! tm \ I r H nings for 1978 and its fourth consecutive year of increa.ses re-election of Republican State I dM iaw VANTABB in net income. Assets totaled slightly more than $50 ! i VANTAGE Central Committeeman Wallace million at the end of 1978. Irish Jr. at Wednesday night's Top Democrats Glastonbury Bank & Trust Co. has offices in Glaston­ KC3DL mitnms meeting of the Republican Town bury, East Hartford, Colchester, Portland and Rocky Salm Committee. WASHINGTON (UPI) - President period,” Hill. Louise Cronin is expected to Carter briefed Democratic con­ “Obviously there are no easy or \ seek the nomination for the Third gressional leaders today on his cheap answers to the problems we VICKHOY UCHTS MTllA M UOi Senatorial District seat on the, weekend energy-inflation huddle face,” he said. "Trade-offs are dif­ Mott’s 1978 Results state committee. Irish is one of with Cabinet-level officers, and said ficult.” the two Third District represen­ he wants lawmakers’ advice on a Powell said Carter would decide on tatives The other seat is held by range of options. a course by the end of March. Set Records Again 10 11 11 12 East Hartford. "We're always being faulted for Participants in the Camp David M G . TAR M G . TAR 13 13 11 M G .TAR M G . TAR M G . TAR M G .TAR The town committee meets talks included Vice President Walter EAST HARTFORD —Joseph P. Mott, chairman of MG.TAR MG.TAR not consulting,” said White House 0.8 MG. NIC. 0.8 MG. NIC. 0.8 MG. NIC. 0.8 MG. NIC. 0.9 MG. NIC. 0.9 MG. NIC. Mondale, Energy Secretary James Mott's Supermarkets Inc., has reported record operating 0.9 MG. NIC. 0.8 MG. NIC. Wednesday night at 8 p.m. to elect Press Secretary Jody Powell. “So Schleslnger, Treasury Secretary results for both the fourth quarter and the year ending delegates to conventions that will we’ve learned.” Dec. 30, 1978. select state central committee Carter met with Cabinet officers Michael Blumenthal, Labor For the 13 weeks, sales rose to $56.6 million, compared members. The town committee is and top-level advisers for more than Secretary Ray Marshall and to $43.9 million achieved in the last quarter of 1977, Net expected to endorse one of the eight ours Monday at the presidential Commerce Secretary Juanita Kreps. candidates and then select Budget Director James McIntyre, 'profit was $949,811 (66 cents a .share), compared to $615,- retreat at Camp David to review delegates who will vote for the en­ 618 (43 cents a share) a year earlier. proposals or easing inflation and inflation fighter Alfred Kahn, Chief dorsed candidate. Economic Adviser Charles Schultze, For the year ending Dec. 30, sales rose 24,8 percent to meeting the oil shortage triggered by White House top aide Hamilton Jor­ $211.2 million, compared to $169.3 million in 1977. Net civil strife in Iran. Station Blaxe “ We’ll let you know later,” was all dan, press secretary Jody Powell and profits were $2,786,553 ($1.95 a share), up from $1,559,538 congressional liaison Frank Moore ($1.09 a share) in 1977.
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