New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-05-14
UNITED STATES FLOUR MILLING CO.
SUBSCRIPTIONS FOR THE FIRST MORTGAGE SIX
PER CENT GOLD BONDS TO OPEN
on MAY II.

SUBSCRIPTIONS FOR THE FIRST MORTGAGE SIX
PER CENT GOLD BONDS TO OPEN
ON MAY II.
Subscriptions invited TO $4,000 first mort
gage per cent gold bonds of the United States
Flour Milling Company. at lG2la and interest, the
lists to be opened May II and TO close May
IS or earlier. Subscriptions will be received stimuli
taneously at the Offices Of the Produce Exchange
Trust Company and Mcintyre G. Wardwe OF
New-York: the International Trust Company. OF
Boston; Dean & SHIRLEY. OF Providence; hidden
dorf. Oliver & Co. of BALTIMORE Tracy & Co. OF
Chicago: the First National Bank and Tracy &
Co.. Of Milwaukee, the Union Trust Company. OF
Rochester: the Buffalo Loan and Trust Company.
OF Buffalo; the Trust and Deposit Company. OF
Syracuse. n. Y; Winslow & Co.. Of Worcester,
Mass. the Springfield National Bank. Of Spring
field Mass; Francis r. Cooley. Of Hartford. Conn.
Kimberly, Root & Day, OF New-Haven. Conn. and
JOHN l.. Williams & Sons. OF Richmond. Va. The
bonds offered are the balance Of an issue Of 81 5O0,
0Oo OF which $.oO00o0 have been taken by the
vendors and at private subscription. The company
is incorporated under the laws of New-Jersey, and
has acquired the -four mills. elevators. plants,
brands, trademarks, etc. of nineteen well-known
companies in different parts OF the country at
such important centres NewYork City. Buffalo,
Syracuse. Milwaukee Superior Duluth and Mime
apolis. The aggregate capacity OF the flour mills
In the combination is 5000 barrels day, and their
storage and elevator capacity is ZOO bushels,
their trademarks being protected in foreign coun-
tries well in the United States The value
OF the various combined properties has been APP
praised as follows: Real estate OF nineteen mills.
with machinery. water-power and elevators, So
800 900; personal property. brands, trademarks and
goodwill 81 25O 900; cash working capital S25O0Oo;
total $l6OO000 The offset agains; this consists Of
First mortgage per cent gold bonds. S5OO.00);
cumulative per cent preferred stock. $50C0,000;
common stock So 1000; total Sl6OONcOo Securities
81 -
provide for the acquisition Of additional securities
and property and TO increase the working capital.
If deemed necessary. An increase in productive
capacity, combined with economies in opera ton, is
expected from the consolidation OF the plants
Walden. Walker & Co. accountants who have ex-
amned the various companies 10 be absorbed, sub
nit statement Of earnings of the various prop
Company showing an aggregate average net earn.
ines of ss22.S7S; add one-half the estimated annual
s73 Deduct: Interest on 10000 bonds. $4,000; G
per cent dividends on S.O@00 preferred stock S0o
$50 total sSSSOCo leaving net surplus OF sln
George Urban jr; vice president Jacob Amos;
treasurer Thomas A. Mcintyre secretary and as
Exchange Bank Turner A. Beall. president Of the
president Of the Hecker- Jones,Jewe Milling COM
psny; Clinton Morrison president OF the Mime
p:ck q director Of the American Sugar Refining
COMPANY: Samuel TsylI99Grs T.: q MGJntyre (
WdTdWell tre1eflck j. MlhulepICok OF bowers *
Sands: G. Gerhard Moler yce-president OF the
-Jones-Jewell Milling Company Thomas A.
Mcintyre Of Mcintyre & Wardwe; George Urban
s.. president Of the Urban Milling Company and
Jacob Amos OF the Empire State Mills. of syra-
cuse. y Y; Joseph v. Clark, Of the New-Jersey
Title Guarantee and Trust Company Of Jersey
city and Charles " Warner president o. the
United states Sugar Refining Company. OF SYRIA
cuse. X Y The trustee Of the companys mort
gage is the Central Trust COMPANY OF New-York;
PAM of New-York. registrar. the State Trust Com
pany. Of New-York; counsel Bowers & Sands. Of
New-YoTk.