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Newspaper
Bridgeport Standard Telegram
Location
Bridgeport, Connecticut, United States of America
Date
Sep 23, 1919
Page
18
The Commercial Finance Corporation announces the first common stock dividend payable around Oct 15 to shareholders of record Sept 30 1919. A sixth preferred dividend is also planned for Oct 15, with the firm showing a year one surplus near $60,000 while maintaining a large reserve and rewarding its 10,000 clients who funded the venture.
The Mutual Finance Corporation of Boston paid its third quarterly dividend to Preferred shareholders on September 2, continuing its strong record. Since May 12 an additional issue of 3 million dollars in Preferred and 2 million dollars in Common stock was authorized, with early June seeing the H. V. Greene Company market the second issue and three dividends earned by September. More than half of the second issue has been subscribed and the treasury holds about half a million in cash and loans. The text notes the high earning power of the companies financed by H. V. Greene, due to strong auto finance demand, and highlights careful administration, audits by certified public accountants, and strict lending practices. It asserts appreciative profits for clients and the safety structure, with officers and directors drawn from prominent local banks and reputable business figures.
The H V Greene Company markets Mutual Finance Corporation stock through sixty one offices in the eastern United States. It promotes the investment as safe and highly profitable with denominations accessible to those investing under a hundred dollars. The firm claims 100 percent safety and rapid growth through honest methods.
A long listing of H V Greene Company offices across cities from Boston to Westfield. It catalogs office addresses including Copley Square, Huntington Avenue, Huntington Ave Downtown, and many state street and building locations such as Cambridge Cambridgeport Savings Bank Bldg Albany Ten Eyck Bldg Allentown Pa Beverly Brockton Bridgeport Buffalo Binghamton Concord Erie Fall River Framingham Fitchburg Gloucester Hartford Holyoke Haverhill Lynn Lowell Worcester etc with suite numbers and building names. The document notes Greene carries a certificate of authority and warns against imitators, urging investors to verify representatives.
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