The daily morning journal and courier., 1906-09-01
ISSUING NEW STOCK.
CONNECTICUT CORPORATIONS ESTABLISH RECORD THIS FEAR
Public Service Corporations Figure Prominently fin the List-Amerlcan Brass Company Rises TwO-and-a- HaIf MiIIions-sOne Melons Cut.

Brass Company Rises TwO-and-a.
 Half MiIIions-sOne Melons Cut.
 The volume of additional capital stock which Connecticut corporations have voted to issue thus far during the present year has established new re- cord. Nearly all classes of industrial enterprises have been affected, and the total additions which have been au- thorized foot up many millions. In a few cases the new capitalization has been In the form of stock dividend, but in most instances the now stares have been issued to provide funds for the enlargement of plants and for the expansion of businesses along new lines. As most of the stocks which have Eeen increased have a market value consid- raably above par the rights have been valuable to stockholders.
 Several public service companies are included in the list of corporations that have enlarged their capital. The Southern New England Telephone company has issued one million dollars of new stock, bringing the total amount up to six million dollars. The Hartford and Springfield Street Rail- way company has voted eighty-five thousand dollars nef preferred stock. which is to bear six per cent. interest and Whiehisred eemaIble at $110 per share at the option of the company. The New Britain Gas Light company has extended its capital stock from two hundred to three hundred thou sand dollars.
 BRASS CONCERNS GROW.
 The brass manufacturing concerns, located mainly in the Naugatuck Val ley, have added several millions to their aggregate capitalization. The American Brass company of Water bury, commonly known as the Brass trust, has issued $2,5O00OO in stock $12500, ,000. The Scoville Manufacturing company of Waterbury which Is one of the largest independent brass concerns in Connecticut, has added $S1250 to its capital, expanding the total figure from s3250,Oo0 to $4,O62.500 The Wa terbury Manufacturing company, an other company that manufactures brass goods, has multiplied its capital stock by five, having increased 1t from $10O,0OO to $500 00O. Still another Wa terbury corporation to add to its capi- talization is the American Pin compa- n.y. which has issued $10O,00O in new shares, making it's total stock $300000. The Bristol Brass company of Forest vile has increased the amount of It's shares from $50O,O00 to $7O0,000.
 Two allied concerns in the Nauga- tuck valley, which manufacture heavy iron castings and machinery, are in the list. One of them is the Farrel Foun- dry and Machine company of Ansonia, which has enlarged it's capital stock from $1,150oOO to $2,100,o00 The other is the Farrel Foundry and Machine company of Waterbury, which has vo- ted an increase from s400, 900 to $40, 900.
 MELONS CUT.
 Two prominent corporations have cut large melons for their stockholders by capitalizing a part of their accu- mulated surplus. The Stanley Rule and Level company of New Britain has brought it's capitalization from $50C, 900 up to s1,000000 by the declara- ton of a stock dividend of $500,000. The Johns Pratt company of Hartford, manufacturers of electric installations and supplies has doubled it's capital stock by ordering 8 stock dividend of $45, 1000, making the total capitalization $3OO,0Oo. The Stanley Works company, manufacturers of iron butts, bolts and hinges, has increased it's outstanding stock from $1,000,000 to $1,5000 900. The Landers, Frary & Clark company an other New Britain corporation, makers of hardware and table cutlery, has en- larged It's capitalization to $1,000,00 by putting out $250000 in new shares.
 The Hartford Fire Insurance Co has voted to issue S750000 new stock and the Connecticut Fire Insurance company $500O00, but as these increas- es are the .outgrowth of the San Fran cisco fire, they belong in a special class by themselves.
 MISCELLANEOUS INCREASES. Various miscellaneous corporations have made substantial additions to their capital. The Whitlock Coil Pipe company of Elnlwood, manufacturers of feed water heaters, condensers and coolers for automobiles, has brought it's capital up from $200,000 to $500 The Winsted Hosiery company of Winches- ter, manufacturers of underwear, has added $1O0,000 to It's total capital, The full amount is now $30O,000. The Com stock, Cheney & Go. of Ivoryton, nak- CTS of ivory piano keys, keyboards and metal brackets, has enlarged its capi- tai stock from $500 900 to $700,000. The Greene Land and Cattle company of Stamford has issued new shares amounting to T,5O0,0O0.
 A large number of sn'aller corpora tions have put out new capital in amounts ranging from $5000 to $50, 900, The bulk of the industrial incrtase has been made by metal goods concerns. The metal industries of the state have been enjoying a year of unprecedented prosprtty.
 D0rr-T Ap TOTTp TO CETTYSBJTRG