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Newspaper
Carey Times
Location
Carey, Ohio, United States of America
Date
Jan 08, 1920
Page
8
Incorporated under the laws of Ohio for an authorized capital stock of 1 000 000 dollars with 500 000 dollars preferred stock and 500 000 dollars common stock.
The Carcy Tire and Rubber Company is an Ohio corporation organized to manufacture and set rubber products. It plans to produce Carcy tires and Tuba items in its initial operations.
The organizers selected Carey for its shipping facilities after reviewing several sites. They bought fifteen acres in the factory district near the Hocking Valley and Northern Ohio Railroads. The first factory unit will be built there and future units may follow in a modern brick and reinforced concrete facility with a capacity of 500 tires and 600 tubes per day.
The Carey Wire and Rubber Company announces Mr. A. Seebach as Superintendent from Mason Tire and Rubber Company. Officers and directors are seasoned business leaders who will ensure investments are safe and profitable, aligning company aim with investor interests.
The Rubber Tire industry remains in its infancy with production far below demand. Rising automobile output drives demand for tires and tubes domestically while foreign markets expand, making continued excess demand likely for years.
The plan forecasts first year underutilization with full output reaching 500 tires and 500 tubes daily, totaling 150000 of each annually. Tires yield $3.00 profit, tubes $0.50, giving $525000 net yearly profit before reserves and distributions, with $325000 distributable after reserves and taxes. The projector calls profits conservative, citing growing tire demand for automakers.
A promotional pitch explains a liberal bonus of common stock with every purchase of preferred stock. It contrasts preferred stock as a first mortgage on company assets and common stock as watered stock with profits tied to factory performance and substantial dividend potential.
A company invites inquiries about an investment proposition and offers to furnish particulars. They state a letter or card will not place any obligations and invite a visit to the Carey office to discuss the offer with prompt attention.
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