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-hentingn.om-Tied)liceLheyollisserit/ear.000ysi-last nul-. he ath,theOr perhaps not.$100,000 Stockin “Associated”Is Bought HereI CONTINUED .FROM. PAGE ONE):SSTit-voleans I to niseinthe1 9f♦ ■ *.canwilltheairagef a all ked oris ga-l toirt-ep-ins.fld,ieetthetony.eento♦,iy*sstl.ionwaaredvc-ur-Sedr*TcbellitterrunthticeserSirthe9,0dir12,ceiactbeeth(ferAnCo:thecorItOf ;en.sinofsuego\tiO!Manufacturers company. Class A stock will be entitled to receive cumulative dividends of $1 per year. When these have been paid, class B stock will be entitled to receive $1 per year also and thereafter both classes of stock will share equally In further dividends.The Associated Manufacturers4 corporation Is to be Incorporated under the'laws of Delaware as an operating company, organized primarily to acquire all assets, earnings, good will, patents, management, liabilities, etc., of Associated Manufacturers’ company (Iowa), and Iowa Dairy Separator company (Iowa), and to acquire and develop other manufacturing companies and other, branches of the farm implement and engine works industry in and out of 1 the United States, ;•■*? rProfits Substantial.Acquired companies show substantial average net profits for nearly 30 years. For the years 1926, 1927 and 1928, after • elimination of norv-reGur-ring charges, including interest paid, net earnings available for dividends average in excess vof $90,000 per year, [ boc or at the rate of..$1-80 per share on 50,000 shares of class A presently to be outstanding. Giving effect to orders recently received and adjusted earning statement reflecting new proposed financing, net earnings available for dividends are expected to be $3.50 per share on A and B stock presently to be outstanding (160,000 shales).Net Assets $1,200,000.The balance sheet of corporations acquired showed net assets of ap-.. proximately $1,200,000, or at the rate qC approximately $24 per share on-class A stock. Valuable patents, trade marks, good will, etc., ore carried at $1.Glass A stock is now being sold at $12.50 per share. It will be listed in the near future on the Chicago Stock Exchange.The company will immediately enlarge production of its present lines, including cream separators, farm engines and high tension magnetos for tractors, and expects in the very -near future to add other lines.T. — —XT/.-.----- A 1
Newspaper Details
Waterloo Evening Courier
Waterloo, Iowa, US
Thu, May 30, 1929
Page 1
Full Page
Clipped by
Waterloo P.
IA, USA 05 Jun 2018
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