California contemplates selling more shares of stock to raise money to expand

PLANT EXTENSION PLAN

OUTLINED BY GLASS MEN

TO CHAMBER DIRECTORS

Reorganized California Glass Insulator

Company in Harbor District One of

City's Principal Industries.

That the California Glass Insulator company has a busy plant with magnificent opportunities for development in this city is the consensus of opinion arrived at by the directors of the Chamber of Commerce, who made an automobile excursion to the factory today in the harbor district, following the regular weekly session of the Chamber of directorate.

The California Glass Insulator Co., recently reorganized is now operating full blast turning out about $500 worth of finished product a day. It employs fifty skilled workmen and has a payroll of $800 a week. In the manufacture of the glass insulators, the company's specialty, they have only two competitors in the United States, one in Muncey [sic] Muncie, Indiana, and the other factory in New Jersey. So the local manufacturers are not worrying much about competition on that score.

The company is contemplating the installation of a couple of more furnaces in the near future whereby its plant may turn out glass fruit chairs and several other articles of clean glass manufacture, its present activities being confined strictly to bottles and insulators.

To do this the plan is to sell about 20,000 shares of stock at one dollar a share. The invitation to the Chamber of Commerce directors today was made with the hope that some of the directors might take shares. “We would rather have 200 small stockholders than one or two large ones for a concern of this sort.” said W. A. Farmer, president of the company today.

President Farmer and M. L. Orcutt, secretary and manager showed the visitors about the plant and explained to them the plans for plant enlargement.