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This newspaper page contains 9 articles. Subscribers can read the full text of each article.
Newspaper
Carey Times
Location
Carey, Ohio, United States of America
Date
Dec 11, 1919
Page
8
The document states incorporation under Ohio law with authorized capital stock of one million dollars divided into five hundred thousand dollars in preferred stock and five hundred thousand dollars in common stock. It notes the capitalization structure for the corporation.
The document states the Cecey Piro and Rubber Company is an Ohio corporation organized for manufacturing rubber products. It mentions plans to manufacture tires and related rubber goods under the company name Carcy Tires and Pubey.
The company, after evaluating sites, chose Carey for its slipping facilities. It purchased fifteen acres in the factory district near the Hocking Valley and Northern Ohio Railroads to serve as its first unit and future expansion. Plans include a modern brick reinforced concrete factory with capacity for 500 Cros and 600 tubes daily.
The article outlines a leadership change with Mr BF A Sechach as Germaperintendent from Mason Wire and Rubber Company. It praises the officers and directors as experienced men aiming to secure safe profitable investments and align with their own interests.
The Rubber Tire industry remains in its infancy with production far below demand. Automobile output grows yearly, increasing need for tires and tubes domestically, while foreign markets promise further growth, suggesting demand will surpass production for years.
The report projects first year production below capacity with future output at 500 tires and 500 tubes daily, about 150,000 of each yearly. Profit per tire is estimated at $3.00, totaling $450,000. tubes at $0.50 net yields $75,000. After reserve of $200,000, distributable amount is $325,000, leaving $155,000 for additional common stock distribution.
An investment note explains a liberal bonus of common stock with each purchase of preferred stock. It argues common stock offers large profits once the factory operates profitably, while preferred stock yields guaranteed 7 to 14 percent dividends.
The notice invites inquiries about an investment offer. It promises prompt attention and states a letter or card won’t oblige. It invites interested parties to visit the Carey office to review the proposition and receive particulars about the organization.
Automakers struggle to meet demand as tire shortages loom. The rubber industry has profited for investors in the past and is expected to continue to grow, signaling sustained high stakes for supply chains and markets.
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