New Britain herald., 1929-10-28
LOCAL INDUSTRIES
 CITED BY TYDINGS
Continued From First Page)

IdrlI league, NOuIl'CNltN- Itld'!ut0N turers would benefit to the extent 5f an additional S53,ooQ, GOO year m der the schedules arrived at in tho secret sessions of the finance cont mittee under the influence Of NIT Eyauson and his employers.
 Among the articles given sub stantial increases are brass, hronZo and copper products, hardware of all kinds, electrical apparatus and sup plies. silver and plated ware machine tools. firearms. cutlery, clocks, sew ing machines and stamped and euamelad ware. Textiles such as cotton, woo.cus and silk, arc also in cuded in rhe list although admit tedly manufacturers of some textiles have been depressed by conditions which have nothing to do with tariff
 Reports Of a number ot Coanrcti. cut corporations taken at random from Moody's Manual of Industrials not ory djSrrove tho necessity for higher tariff duties but show the companies and corporations to be in a healthy and prosperous condition, with some that are making large profits.
 stanley Works
 "For example, the Stanley Works, with main works at New Britain and rolling mills ar Bridgeport, three subsidiaries ia ranada and a plant, recently acquired, in Germany, manufactures steel hinges and br,ts. builders hardware carpenters toOls and does special steel stamping.
 Tn 1922, when the existing tariff law was passed, this corporation. as shown by Moody's. had in round figures capital stcnk and surplus Of s15,4S6,0Q0. In 1923, it had S24,- 2SS,7S4-a growth in capital and surplus of nearly S9.600,O0o; it had paid dividends of more than $S,0u0,- 900, showing total growth in cap itai and profits Of more than $17,- 0o0, 1000. The corporation's statement does not include the investment in Stanley Works ol Germany.
 According 10 MT Miles, the tariff In ad v.lorcm equivalents on hard ware, iron and steel in the -Xisting law is GOA Der cent, increased in the Senate bill 10 G3.5 which means an extra million dollars to Connecticut manutacturcrs of these products.
 "The same table shows q tariff of 46.3 per cent on tools which the senate bill increases to 49.1.
 Yale X Townc Growth
 The Yale & Towne Co. of Stam- ford, manufacturers of locks cleo tric hoists, electric industrial trucks, builders hardware. etc, show a growth Of nearly loo per cent be- tween 1922 and 1928.
 Its capital stock aad surplus in the former year was a little more than S18,00d,000; in 1928 it was 22 and half millions. In the six years it paid nearly $13000, Goo dividends showing growth and profits of more than S17,000. 900.
 Electrical machinery appar ratus etc, according to the Miles Table has tariff duty now Of % per ccnt which the senate bill increases tr 43.4 more than doubling the protec ton and the cost 10 consumers. Tn, Yale $ Townc Go. would also prof additionally by the increase in tho hardware tariff
 Textile Conditions
 Despite the depression in tex tiles, the United States Finishing Co of Norwich and Sterling. with twc plants outside the state, has growI from an $6,0o0.u00 to $I0,Uop,u corporation since 1922. In tn, meantime it has paid three anD threc-quarter millions in dividend and has reduced its bonded ind"ht edness nearly half million dollars It's total growth and profits wa over and half millions.
 This company bleachcs, mercer izes, dyes, prints and finishes cotton cotton and silk, silk. artificial sill and rayon piece goods, and has capacity Of &5o.oooGoO yards year.
 "The Miles table shows tho q valorcm equivalent on cotton good to be 344 increased in tho Sonat bill to Al. with increased protcc ton of $Te0o.O0o; silk goods. 55. per cent, increased to G22 per cen with increased protection c S3,ooO.0uo
 "The TorriDgtoO co. Of 'orner' cut which manufactures sewing ma chimes and knitting needles nir vehicle spoh"s, nipples and pedal electric vacU@ul cleaners and Lgt grade small bah bearings. sho~s growth in capital and prou,s noari double that Of 1@21. In 'hr m'ar time it has paid dividends Of s an half millions Her, are earning of nine and thrrc-quartors million and the company has a surplus only a half million less 'Han in l9-
 "Tha Niles tahi. shows a +ari increas" on needles alone lu 't senate bill Of u a4. million &o.Ia 10 tounoet.alt manufacturers 'a company would also Aaaro' trH the cle,u,.4. apTIeaar.s a.} @e products farm Iucroaa-s.
 American Hardware Corr.
 'Ihn Am"m"4r i.-mINar. Corp Na" Britain -.uss r .ro&'a "a rH taI surplus and w."'. oomHn.. n"r. 'nau u.an. r.. oata..I .. surplus Of 1#.-. n h.. "r" .. d"Ia Of mai t.r l- aal .a. quarters Of e '.,..sa s.o~..- ... aron'hs and rrH. Q. ~or. '. T. and a hal. Ha..u..
 "Irjor 10 &ys.au... |.--. &ro.lj Manufa."rr- ro. or '" terDury had oap.'a! sa.a o5'-' . ing O. $1oanu, w'H.n "as ra increased To 5t5nao.,ao Ly 2 per cent stock dividend J. 'h.. '. statemen' tha capital stor j E.v as &22I25,o0o and th. .H#us u grown 10 moro than p .ul d o.5 ter n,lltous making nearly "' r q half millions. IH"ucrI7 'nr .