The times. [volume] (Richmond, Va.) 1890-1903, 1899-05-16
BIG FLOUR MILLING COMPANY,
subscriptions Invited 10 Si,30o.0Od
First Mortgage BONDS.


subscriptions are invited 10 fi.5Oo.0oa
first mortgage o per cent. gold bonds Ok
the United States Flour Milling COM
pany an 10l l. and interest. the lists 10
be- opened ON May 18th and 70 close on
May 18Th. or earlier. Subscriptions Will
Doe received simultaneously al the Offices
OF the Produce Exchange Trust Cons
pany and Mcintyre a WaraWell. OF New
York. the International Trust Company.
OF Boston; Dean q SHIRLEY, Of Proyi-
dence. and John l.. Williams & Sons. o:
Richmond. Va. The bonds offered ara
the balance Of an issue OF Si.50e.0eo. 90
which 10000 have been taken by tho
vendors and NJ private subscription. Tho
company is incorporated under tho laws
Of New Jersey. and has acquired the
flour mills, elevators, plants, brands,
trademarks. etc. Of nineteen ~Well-knOwI
companies iu different parts Of the coun-
try. az such important trade centres as
New York city. Buffalo. Syracuse. Mil
waukee. Superior, Duluth % Minneapo-
lis. The aggregate capacity Of the -four
mills in the combination Is 5000 barrels
per day. and their storage and elevator
capacity IS 2.212.00) bushels. their trade
marks being protected In foreign coun-
tries as well as in the United States.
Tho value Of the various combined pro-
perties has been appraised as follows:
Real estate Of 10 mills. with machinery.
water power and elevators. fp5p0Oo0.
personal property. brands. trademarks
aud good Will. $4,000. cash working
capital. 81. go. 900; total. $i6.c0'fc1 The
offset against this consists Of. First mort
gage 8 per cent. gold bonds. $4,000;
cumulative G per cent. preferred stock.
3 III 1000. common stock. t350e.00; total.
$3.50 90. Securities are reserved IN tho
treasury of the company 20 provide Tor
the ACQUISITION OF additional securities
and property and 10 increase tho working
capital. II deemed necessary. An increase
IN productive capacity. combined with
economies in operation. Is expected from
tho consolidation OF tho plants. In addi-
ton 20 the large production OF -four now
enjoyed by the mills. 80 Is claimed that
the specialties IN cereals 81 '0mpanies
which form part OF the combination arc
constantly meeting with increased sales
The aggregate savings on the running
OF the mills 70 their FUN capacity as COM
! bined under one head has been ] cent
per bushel on tho annual grind ~ N.|o.-
0o0 bushels ~ wheat. or estimated % DO
equal 10 s-0sOI In earnings. Walden.
Walker & Co. accountants who h2vs
examined the various companies 20 be ABB
ENA M|I. NNWNAHH "a TAIN'AA"NN L"
OF the various properties comprising tho
United states Flour Milling Company.
showing an aggregate average net earn
ngs OF S32S73. add one half The esti-
mated annual savings on the consol!da-
ton. $4,000. total. SLIPS B. Deduct IN
terest on $4,000 bonds. $4,000. s per
cent dividends on $4,000 preferred
stock $1,000. 7 per cent dividends on
sg50c coo common stock. Hbeo. total.
SasT coo. leaving a net surplus OF NNR>t''
The officers 81 the company are. fresi-
dent George Urban. Jr., Nce-Presldent.
Jacob Amos: Treasurer. Thomas \ Nc
! rntvre. Secretary and Assistant Treas
urer Josenh 4. Knox. The directors IN
clude William 4. Nash. president or mo
Corn Exchange Bank Turner a Bean.
president OF the Produce Exchange ItnS'
company: Eugene Jones, president OF the
Hecker-Jones-Jewell Milling COMPANY
cfin,o, Morrison. president OF the Mime
anoi,s Fiour Manufacturing Company;
william Dick n director OF the Amerl-
! can sugar Refining Company: Samuel
| T,vlor II. OF Mcintyre x Wardweli;
rred r NIddlebrook. 81 Bowers & sands;
g Gerhard M0iler. vice-Dresldent OF the
Uecker-Jones-Jeweil Milling Company:
Thomas 4. Mcintyre. OF Mcintyre &
warawcli. George Urban. Jr.. president ot
the Urban Milling Company and presi-
dent OF the Buffalo Loan ana Trust Com
many. Jacob Amos. OF the Empire State
Mills OF Syracuse. y. Y; Joseph v
clark Of the New Jersey Title Guarantee
and Trust Company. OF Jersey city. and
Charles VI. Warner. president OF tho
United States Sugar Rehni Company.
OF Syracuse. y. Y. Tho trustee OF the
company's mortgage Is the Central Trust
Company ~ New York: transfer agent.
Produce Exchange Trus, Company. OF
New York: registrar. the State Trust
Company. Of New York; counsel, Sowsra
4 Sands. Of New York. ~