Norwich Bulletin Newspaper, May 25, 1912, Page 11

¥ix MAY 29, ivie SATUKDAY, NGRWICH BULLETIN, HE story of the ELECTRIC CABLE COMPANY of _ Bridgeport, Conn., what its business is and ‘why 1 recommend its 7% Cumulative Preferred Stock as a safe and ‘conservative investment, HE Blecide Cable | Company is one of the most prosperous and rapidly growing manu- facturing companies in the State of Connecticut. (. The Electric Cable Company was ‘organized sixX years ago under the laws of the State of Connecticut, being a consoli- dation of several older com- %V ies manufacturing Insulated ire,oneof the moreimportant of whom was the Eastern Elec- tric Cable Company of Rox- bury, Mass. This Company had been established for a great many years, being the original makers of what is known as the Clark Rubber-Covered In- sulated Wire, which had, and has today, a reputation of being the highest grade of Rubber- Covered Insulated Wire made in the United States. @ The Electric Cable Company manufactures both rubber-covered and other insulated wires and cables of the very highest quality which are used extensively throughout the United States in various kinds of electrical installa- ‘tions requiring the best and highest grade materials obtainable. @ One branch of their product is a very high- grade rubber-covered signal wire which is used by the United States Government, in the Navy and Signal Department, etc. Another form of signal wire is used by practically every import- ant railroad in the United States for under- ground block signal service, such railroads as the New York, New Haven & Hartford R. R.; the Boston & Albany R. R.; the Boston & Maine R. R.; the New York Central Lines; the Pennsylvania R.‘R.; the Baltimore & Ohio R. R.; the Southern Pacific, etc., are using increasingly large amounts of the Elec- tric Cable Gompany 8 product evexy year, gl @ The Electric Cable Cnmpany supplies erior- mous quantities of a special rubber-covered wire every year to the American Telegraph & Telephone Company and its subsidiary Com- panies, the latter the various Bell Telephone Companies located throughout the United States. The Western Union Telegraph Com- ;}:3 are also large purchasers of this one uct. ?’ B Another branch of the business Is the manu- turing of very high-grade Insulated Wire for electric lighting service for interior wiring prtimegyi i THOMAS C. PERKINS., . hotels, and residences, etc. Some of the more important installations recently of the Elec- . tric Cable Company’s interior wiring in this T section of ‘the country are the Long Island ’ : State Hospital," Brooklyn, N. Y., Bush Ter- 7 minal Buildings, Brooklyn,:N. Y Grinnell Apartments, New ,York City, etc. #E q We™ are?informed ? that “practically all the |, street railways in this country use the product . of the Electric:Cable Company, among the;, & more important of whom are the Interborough- ; Rapid Brooklyn Rapid Transit Company, the Boston Elevated, the Cleveland Street Railway, the Connecticut Company, the Rhode Island Com- pany, the Public Service Corporation of New Jersey, Philadelphia Rapid Transit Company, Pittsburg Railways Company, Chicago Rail- - way Company, Umted Railways of San Fran- { 5 cisco, etc.” 5 7 electric light and power service. ' e @ Unless one™is familiar with the wonderful ' growth of the electrical industry and the almost unlimited increase in the future de- velopment of this science, he has hardly any conception of the enormous quantities of high-grade Insulated Wire required in the United States every year not of the rapid growth in production necessary to supply this increasing demand from year to year. Cable Company of Bridgeport is of brick and steel construction, equipped with the most modern machinery for the production of this class of material, and notwithstanding the extensions to the plant that have already been made and the fact that the company is operating continuously much of its plant at night, it has been so far unable to fill its orders, @1t has been necessary lately to refuse a great deal of business from the very best customers the country sun ly because of the company’s inability to produce inished product fast enough. - @ The President and Treasurer of the Electric Cable Company are Mr. Edwin W. Moore and Mr. J. Nelson Shreve, respectively, upon whom devolves the active mana ent of the company. Both Mr. Moore and eve are men of unusual technical and business alflhty s is evidenced by the way in which they have built up this business. Furthermore, all the money of these men as well as their future, is tied up in the continued success of this company. Q The directors of the company are as follows : President, Mr. EDWIN W. MOORE. ‘Treasurer, Mr. J. NELSON SHREVE. Director, Mr. ALFRED SKITT, New York City. Director ew P Mfi‘f%‘r’“’fi"” Lot aion G ectric T3 Dise cmrhzw York & Queens Cw l’{ % Director New York Cily ln(erboro Radw-y o Director Norfolk uthern Raily Director Casuaity o el Amula rustee American Safe Deposit Company. Director, Mr. JOHN CARSTENSEN, New York City. Vico-Bresident of gll New York Central Lines, v‘m P ident and Director Merchants Despatch Tran: rudon Co. den* and Director New York State Railways I’y Drrcnur syucu-e R nrld Sthenectady Rail ochester Raitw: &L ht Co., ailway Go. tway Compnny Dkoctvm. Mr GEORGE C. EDWARDS, Bridgepert, Conn. ln(fl'n om.l Sllver Co. ;g:g::nfidmu ward- Silver Co., Bridgeport, Conn. Dkecerlt‘;‘a rldzep:rl onn., Director, Mr. THOMAS R. FISHER, Scarsdale, N. Y. ransit ! Company of Neéw York, the- q Due to' the” inaeasinglz strlngent‘require- £ ~ ments of the National Board of Fire Under- | | writers, only the highest grade Insulated Wire = . can hereafter be used for interior wiring for‘ & q The manufacturing plant of the Electric of business establishments,” office buildings, | € The (hpltal Stock of the Electric’ .Cabte _ Company is as follows. COMMON S’I’OGK, j ‘Authofized sm.m ' -~ | Issued 368,100 mvmm;n STOCE, . Authorized $500,000 ¢, To besold now , 300,000 q The sale of this $300,000 7% Cumulatn'e Preferred Stock provides funds for the renire- ment of the mortgage on the property and furnishes more working capital to take care of their rapidly growing business.” 4§ This issue is a straight 7% Prefarred Stock, preferred as to assets as well as to dividends. It is cumulative; the dividends are payable quarterly, on the fifteenth days of May, Au- gust, November and February, to gtockholders of record of the first days of these months. q The Electric Cable Company now has no mortgage indebtedness and no mortgage can be put on the property without tie consent of three-fourths of the Preferred stockholders. The Windsor Trust Company of New York City act as Registrars for this stock. ¢ All papers in connection with the issue o" this stock were passed upon for the Electric Cable Company by Messrs. Armstrong & Keith, Attorneys of New York City, and for 1f by Messrs. Perkins & Perkins of H Conn., the leading Corporation Attorneys of Connecticut. ¢ I am most familiar with all phases of the electrical business and after a most search- ing investigation covering the manufacturing facilities, the management, the credit stand- ing and reputation in the trade of this Com- pany, I was so much impressed that I'pur- chased outright $250,000 of this new issue, the balance being taken and paid for in cash by the officers of the company for their own investment. SRR QFrom the balance sheet furnished me by the Treas- urer of the company, I find that the Net Worth or Assets securing this Preferred stock exceeds two dollars for every one dollar Preferred st @The Net Earnings of the Electric Cable Com for the last three years, applicable to dividends on the Preferred stock, amounted to over $173,000, which is a yearly average of nearly three times the dend reqm.rements on this outstanding Preferred stock, ([Smce tbe first of J: 1912, the Net are running at the rate of $75,000 a year or four times the outstanding Preferred stock dividend Efl————mm"“ b e QIf the compan ’s bnsincss confinues to !nuun at the present rate, {t is the idea of the Dlrectors t0, pos- sibty before the end of this year, sell the balance of his Preferred stock now held in the treasury of the company, for the purpose of smvidmg funds for build- ing a four-story concrete and steel extension to their factory, which wfll ou le theu' manuhc- turing acilities. - 3! mofieflngfl!lsl’refenedstockatpu flfloldsnm netting 7%, dlv-idenda accming from the y the stock is issued and paid fo; ‘ @I honestty think thls is the best Connecficut Manu- facturings Stock on the market today and I do not hesitate to recommend it to all my clients as a con- servative and safe investment. y { For those whose funds are not immedlately available, 1 will be glad to carry some of this stock a reasonable length of time without expense. qIf have $100, $1,000 or $10, 000 to 1nmt write me today for my illustrated circular on this stock, @8 this adverticement will not THOMAS C. PERKINS CONNECTICUT MUTUAL BUILDING, HARTFORD, CONN. ot A