its January, 1927, cash dividend being Dividend No. 143. From a corporation with $1,000,000 capital, and very little or no surplus, and only one small plant, in 1889, it has grown to be the leading manufacturer of underground cables in the United States, with an issued capital stock of $6,300,000, in addition to an earned surplus in excess of that figure, and with the most modern plants (named in the order of their creation) in Pittsburgh, Oakland, or Emeryville, Cal., Perth Amboy. N. J., Hamilton. Canada, and St. Louis, Mo Its list of products has also expanded tremendously in kind, as well as volume, from the small production of under- ground cables only, in the beginning, until now it includes not only all types of underground, aerial and submarine cables, but copper rods and wire, brass and bronze rods and wire, and practically all kinds of insulated wires and cables, such as magnet wire, weatherproof wire and rubber- covered wire. Its total volume of business has grown from a few thousands to approximately $30,000,000 per annum. The Standard Underground Cable Company’s products are known and shipped to every state in the Union, and to many foreign countries, and the strategic locations of its plants enable it to procure its raw materials of manufacture, and to serve its localized customers, to the best advantage of all concerned. Its district sales offices extend from the Atlantic to the Pacific coasts, and include Boston, New York, Philadelphia, Washington, Atlanta, Pittsburgh, Chicago, St. Louis, San Francisco, Los Angeles and Seattle, besides having com- mission agencies in various places in the United States and in some foreign countries. Its Pittsburgh plant, which is of special interest to Pittsburghers, is located on the Allegheny Valley division of the Pennsylvania Railroad, on Pike street, and extends from Sixteenth street to Seventeenth street, a distance of 475 feet, covered with buildings, nearly all haviug five floors. This plant is devoted mainly to the manufacture of lead- covered cables for telephone, telegraph and electric light and power service, and the manufacture of cable accessories, such as terminals and junction boxes and splicing materials.